Xponance Inc. Purchases 68 Shares of WEX Inc. (NYSE:WEX)

Xponance Inc. raised its position in WEX Inc. (NYSE:WEX) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,864 shares of the business services provider’s stock after buying an additional 68 shares during the quarter. Xponance Inc.’s holdings in WEX were worth $853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WEX. Janus Henderson Group PLC increased its stake in WEX by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider’s stock valued at $873,251,000 after acquiring an additional 25,365 shares during the last quarter. FMR LLC increased its stake in shares of WEX by 8.8% in the 3rd quarter. FMR LLC now owns 1,555,507 shares of the business services provider’s stock valued at $326,237,000 after purchasing an additional 125,262 shares during the last quarter. State Street Corp raised its holdings in shares of WEX by 0.3% during the 3rd quarter. State Street Corp now owns 1,240,953 shares of the business services provider’s stock worth $260,265,000 after buying an additional 3,882 shares in the last quarter. River Road Asset Management LLC lifted its position in shares of WEX by 0.7% during the 4th quarter. River Road Asset Management LLC now owns 725,842 shares of the business services provider’s stock worth $127,255,000 after buying an additional 5,377 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in WEX by 8.8% in the fourth quarter. Bank of New York Mellon Corp now owns 374,359 shares of the business services provider’s stock valued at $65,633,000 after buying an additional 30,395 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Price Performance

Shares of WEX opened at $157.81 on Tuesday. The business has a 50-day moving average of $164.45 and a 200-day moving average of $180.17. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. WEX Inc. has a 1 year low of $146.03 and a 1 year high of $244.04.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. As a group, equities research analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WEX has been the subject of a number of research reports. Citigroup cut shares of WEX from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $260.00 to $190.00 in a report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their target price on shares of WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. William Blair reiterated a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Robert W. Baird set a $186.00 price objective on WEX in a report on Tuesday, February 18th. Finally, Jefferies Financial Group upped their target price on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, WEX presently has a consensus rating of “Hold” and an average target price of $195.73.

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.