Strs Ohio Acquires 1,110 Shares of WEX Inc. (NYSE:WEX)

Strs Ohio raised its holdings in shares of WEX Inc. (NYSE:WEX) by 18.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,113 shares of the business services provider’s stock after acquiring an additional 1,110 shares during the quarter. Strs Ohio’s holdings in WEX were worth $1,383,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. VisionPoint Advisory Group LLC grew its stake 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 acquiring 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 acquiring an additional 80 shares in the last quarter. Arizona State Retirement System grew its stake in shares of WEX by 0.7% during the 3rd quarter. Arizona State Retirement System now owns 12,198 shares of the business services provider’s stock worth $2,294,000 after acquiring an additional 83 shares in the last quarter. Wendell David Associates Inc. grew its stake in shares of WEX by 7.9% during the 3rd quarter. Wendell David Associates Inc. now owns 1,189 shares of the business services provider’s stock worth $224,000 after acquiring an additional 87 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of WEX by 5.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,893 shares of the business services provider’s stock worth $368,000 after acquiring an additional 94 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WEX. Barclays raised their target price on shares of WEX from $255.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Robert W. Baird raised their price target on WEX from $272.00 to $285.00 and gave the company an “outperform” rating in a report on Monday, April 15th. TheStreet raised WEX from a “c” rating to a “b” rating in a report on Thursday, February 8th. StockNews.com downgraded WEX from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, Jefferies Financial Group lifted their target price on WEX from $235.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $240.00.

WEX Stock Down 0.0 %

WEX stock opened at $230.47 on Tuesday. The company has a market cap of $9.62 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 1.49 and a beta of 1.59. The business has a 50-day simple moving average of $230.06 and a 200 day simple moving average of $202.94. WEX Inc. has a 52 week low of $161.95 and a 52 week high of $244.04. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.55.

WEX (NYSE:WEX) last posted its quarterly 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 company had revenue of $663.30 million during 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%. Sell-side analysts anticipate that WEX Inc. will post 13.55 EPS for the current fiscal year.

Insider Buying and Selling at WEX

In other WEX news, CFO Jagtar Narula sold 309 shares of WEX stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $233.24, for a total value of $72,071.16. Following the transaction, the chief financial officer now owns 5,528 shares in the company, valued at $1,289,350.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 sale, the chief financial officer now directly owns 5,528 shares in the company, valued at $1,289,350.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Robert Joseph Deshaies sold 1,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $221.85, for a total value of $332,775.00. Following the sale, the chief operating officer now owns 5,570 shares in the company, valued at $1,235,704.50. The disclosure for this sale can be found here. Insiders have sold a total of 28,326 shares of company stock worth $6,281,961 over the last 90 days. Insiders own 1.10% of the company’s stock.

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.