Stephens Inc. AR Sells 1,092 Shares of WEX Inc. $WEX

Stephens Inc. AR reduced its position in shares of WEX Inc. (NYSE:WEX) by 9.8% in the second quarter, Holdings Channel reports. The firm owned 10,022 shares of the business services provider’s stock after selling 1,092 shares during the quarter. Stephens Inc. AR’s holdings in WEX were worth $1,472,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. boosted its holdings in shares of WEX by 22.1% during the 2nd quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 68 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of WEX by 3.5% during the 1st quarter. Inspire Investing LLC now owns 2,588 shares of the business services provider’s stock valued at $406,000 after acquiring an additional 87 shares during the last quarter. Isthmus Partners LLC boosted its holdings in shares of WEX by 5.4% during the 1st quarter. Isthmus Partners LLC now owns 1,987 shares of the business services provider’s stock valued at $312,000 after acquiring an additional 101 shares during the last quarter. Cornerstone Investment Partners LLC boosted its holdings in shares of WEX by 2.9% during the 1st quarter. Cornerstone Investment Partners LLC now owns 4,705 shares of the business services provider’s stock valued at $739,000 after acquiring an additional 133 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of WEX by 50.7% during the 1st quarter. Brooklyn Investment Group now owns 422 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Performance

WEX opened at $160.13 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $191.43. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.36 and a beta of 1.26. The company’s 50 day moving average is $164.02 and its 200 day moving average is $150.41.

Insider Activity at WEX

In other WEX news, insider Ann Elena Drew sold 1,931 shares of WEX stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $171.69, for a total transaction of $331,533.39. Following the transaction, the insider owned 7,295 shares of the company’s stock, valued at $1,252,478.55. The trade was a 20.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Carlos Carriedo sold 875 shares of WEX stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $171.68, for a total transaction of $150,220.00. Following the transaction, the chief operating officer directly owned 5,270 shares in the company, valued at $904,753.60. This represents a 14.24% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

WEX has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a report on Wednesday, October 8th. William Blair reissued a “market perform” rating on shares of WEX in a report on Friday, July 25th. Mizuho raised their price objective on shares of WEX from $150.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of WEX in a report on Thursday, July 17th. They issued a “hold” rating and a $150.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $173.91.

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.