Raymond James Financial Services Advisors Inc. Purchases 94 Shares of WEX Inc. (NYSE:WEX)

Raymond James Financial Services Advisors Inc. lifted its position in shares of WEX Inc. (NYSE:WEX) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,893 shares of the business services provider’s stock after purchasing an additional 94 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in WEX were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. VisionPoint Advisory Group LLC grew its holdings in WEX by 74.7% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock worth $27,000 after acquiring an additional 62 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of WEX in the fourth quarter worth $25,000. State of Wyoming acquired a new stake in WEX in the second quarter valued at $38,000. Lazard Asset Management LLC acquired a new stake in WEX in the first quarter valued at $44,000. Finally, Coppell Advisory Solutions LLC bought a new position in WEX during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on WEX. Jefferies Financial Group upped their price target on WEX from $235.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Robert W. Baird upped their target price on WEX from $272.00 to $285.00 and gave the company an “outperform” rating in a report on Monday, April 15th. JPMorgan Chase & Co. increased their target price on shares of WEX from $205.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. TheStreet upgraded shares of WEX from a “c” rating to a “b” rating in a research report on Thursday, February 8th. Finally, Citigroup upped their price objective on shares of WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $240.00.

Insider Buying and Selling

In other WEX news, CFO Jagtar Narula sold 309 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Sara Trickett sold 887 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $224.61, for a total transaction of $199,229.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jagtar Narula sold 309 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $233.24, for a total transaction of $72,071.16. Following the completion of the transaction, the chief financial officer now directly owns 5,528 shares in the company, valued at approximately $1,289,350.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,326 shares of company stock valued at $6,281,961. 1.10% of the stock is owned by company insiders.

WEX Stock Up 0.3 %

WEX stock opened at $230.48 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $9.62 billion, a PE ratio of 37.42, a PEG ratio of 1.45 and a beta of 1.59. The firm’s fifty day moving average is $229.66 and its 200 day moving average is $202.60. WEX Inc. has a 12-month low of $161.95 and a 12-month high of $244.04.

WEX (NYSE:WEX) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.15). The company had revenue of $663.30 million for the quarter, compared to analyst estimates of $656.75 million. WEX had a net margin of 10.46% and a return on equity of 31.33%. As a group, sell-side analysts predict that WEX Inc. will post 13.55 EPS for the current fiscal year.

WEX 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.