Atria Wealth Solutions Inc. Cuts Stock Position in WEX Inc. (NYSE:WEX)

Atria Wealth Solutions Inc. trimmed its position in WEX Inc. (NYSE:WEX) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,169 shares of the business services provider’s stock after selling 61 shares during the period. Atria Wealth Solutions Inc.’s holdings in WEX were worth $227,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WEX. CWM LLC boosted its stake in shares of WEX by 15.6% in the fourth quarter. CWM LLC now owns 377 shares of the business services provider’s stock valued at $73,000 after buying an additional 51 shares in the last quarter. VisionPoint Advisory Group LLC boosted its position in shares of 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 purchasing an additional 62 shares in the last quarter. Bath Savings Trust Co grew its stake in shares of WEX by 0.3% during the 4th quarter. Bath Savings Trust Co now owns 27,284 shares of the business services provider’s stock worth $5,308,000 after purchasing an additional 80 shares during the period. Arizona State Retirement System increased its holdings in shares of WEX by 0.7% in the 3rd quarter. Arizona State Retirement System now owns 12,198 shares of the business services provider’s stock valued at $2,294,000 after purchasing an additional 83 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of WEX by 5.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,893 shares of the business services provider’s stock valued at $368,000 after purchasing an additional 94 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of WEX from $205.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Mizuho lifted their target price on shares of WEX from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Citigroup increased their price target on shares of WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Evercore ISI increased their target price on WEX from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Jefferies Financial Group boosted their price target on WEX from $235.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

Insider Buying and Selling

In other WEX news, CAO Jennifer Kimball sold 574 shares of WEX stock in a transaction on Friday, February 16th. The shares were sold at an average price of $222.24, for a total value of $127,565.76. Following the transaction, the chief accounting officer now owns 1,297 shares in the company, valued at approximately $288,245.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Jennifer Kimball sold 574 shares of WEX stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $222.24, for a total value of $127,565.76. Following the transaction, the chief accounting officer now directly owns 1,297 shares of the company’s stock, valued at approximately $288,245.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sara Trickett sold 734 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $210.43, for a total transaction of $154,455.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,157 shares of company stock valued at $7,090,562. Insiders own 1.10% of the company’s stock.

WEX Stock Performance

WEX stock opened at $208.41 on Friday. The stock has a fifty day moving average price of $228.92 and a 200 day moving average price of $205.06. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.73. WEX Inc. has a 52 week low of $161.95 and a 52 week high of $244.04. The firm has a market capitalization of $8.73 billion, a P/E ratio of 33.89, a PEG ratio of 1.21 and a beta of 1.60.

WEX (NYSE:WEX) last posted its quarterly earnings data 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). WEX had a net margin of 10.21% and a return on equity of 30.92%. The company had revenue of $663.30 million for the quarter, compared to analyst estimates of $656.75 million. Equities research analysts anticipate that WEX Inc. will post 13.96 earnings per share for the current 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.