Nisa Investment Advisors LLC Acquires 200 Shares of WEX Inc. (NYSE:WEX)

Nisa Investment Advisors LLC raised its holdings in WEX Inc. (NYSE:WEX) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,358 shares of the business services provider’s stock after buying an additional 200 shares during the quarter. Nisa Investment Advisors LLC owned about 0.05% of WEX worth $4,544,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of WEX by 111.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 950 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 500 shares during the period. Bank of Montreal Can lifted its stake in shares of WEX by 8.1% in the 1st quarter. Bank of Montreal Can now owns 4,181 shares of the business services provider’s stock valued at $732,000 after purchasing an additional 315 shares during the period. BlackRock Inc. lifted its stake in shares of WEX by 1.2% in the 1st quarter. BlackRock Inc. now owns 4,107,306 shares of the business services provider’s stock valued at $732,950,000 after purchasing an additional 49,480 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of WEX by 8.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 24,375 shares of the business services provider’s stock valued at $4,471,000 after purchasing an additional 1,824 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of WEX by 38.3% in the 1st quarter. Sei Investments Co. now owns 21,260 shares of the business services provider’s stock valued at $3,793,000 after purchasing an additional 5,884 shares during the period. 97.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Jagtar Narula sold 309 shares of WEX stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $233.24, for a total value of $72,071.16. Following the completion of the sale, the chief financial officer now owns 5,528 shares of the company’s stock, valued at $1,289,350.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other WEX news, CFO Jagtar Narula sold 309 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $233.24, for a total transaction of $72,071.16. Following the completion of the sale, the chief financial officer now owns 5,528 shares of the company’s stock, valued at $1,289,350.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Melissa D. Smith sold 41,107 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $205.00, for a total value of $8,426,935.00. Following the sale, the chief executive officer now directly owns 81,998 shares of the company’s stock, valued at approximately $16,809,590. The disclosure for this sale can be found here. Insiders sold 69,433 shares of company stock valued at $14,708,896 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on WEX from $205.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Evercore ISI lifted their price objective on WEX from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Barclays lifted their price objective on WEX from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Truist Financial lifted their price objective on WEX from $185.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Mizuho lifted their price objective on WEX from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $230.77.

WEX Stock Down 0.2 %

WEX stock opened at $240.03 on Friday. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 1.56 and a beta of 1.59. The stock has a fifty day simple moving average of $226.36 and a two-hundred day simple moving average of $200.66. WEX Inc. has a 12 month low of $161.95 and a 12 month high of $244.04. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.55.

WEX (NYSE:WEX) last posted its earnings results on Thursday, February 8th. The business services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). The business had revenue of $663.30 million during the quarter, compared to the consensus estimate of $656.75 million. WEX had a return on equity of 31.33% and a net margin of 10.46%. Equities analysts predict that WEX Inc. will post 13.51 EPS for the current fiscal year.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.