Union Bancaire Privee UBP SA Purchases Shares of 4,054 WEX Inc. (NYSE:WEX)

Union Bancaire Privee UBP SA acquired a new stake in shares of WEX Inc. (NYSE:WEXFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,054 shares of the business services provider’s stock, valued at approximately $702,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC raised its position in WEX by 0.6% during 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 in the last quarter. FMR LLC increased its holdings in shares of WEX by 8.8% during 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 in the last quarter. State Street Corp lifted its stake in shares of WEX by 0.3% in the 3rd quarter. State Street Corp now owns 1,240,953 shares of the business services provider’s stock valued at $260,265,000 after purchasing an additional 3,882 shares during the period. River Road Asset Management LLC grew its position in WEX by 5.0% during the third quarter. River Road Asset Management LLC now owns 720,465 shares of the business services provider’s stock valued at $151,103,000 after buying an additional 34,264 shares during the period. Finally, Loomis Sayles & Co. L P increased its holdings in WEX by 5.7% in the third quarter. Loomis Sayles & Co. L P now owns 308,065 shares of the business services provider’s stock valued at $64,611,000 after buying an additional 16,739 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Stock Down 1.3 %

WEX stock opened at $181.67 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.87. The firm has a 50-day moving average of $179.19 and a two-hundred day moving average of $186.33. WEX Inc. has a 12 month low of $165.51 and a 12 month high of $244.04. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 1.33 and a beta of 1.58.

Analysts Set New Price Targets

A number of research firms have recently commented on WEX. Bank of America raised their target price on WEX from $238.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group upped their target price on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company dropped their price target on shares of WEX from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. Barclays reaffirmed an “equal weight” rating and set a $200.00 price objective (down from $207.00) on shares of WEX in a report on Tuesday, December 17th. Finally, Robert W. Baird reduced their price target on shares of WEX from $285.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $217.73.

Read Our Latest Stock Analysis on WEX

Insider Activity at WEX

In related news, COO Robert Joseph Deshaies sold 175 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $189.44, for a total value of $33,152.00. Following the completion of the sale, the chief operating officer now owns 7,582 shares of the company’s stock, valued at approximately $1,436,334.08. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

WEX Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for WEX (NYSE:WEX)

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