WEX Inc. (NYSE:WEX) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC reduced its position in WEX Inc. (NYSE:WEX) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,413 shares of the business services provider’s stock after selling 264 shares during the quarter. Keeley Teton Advisors LLC’s holdings in WEX were worth $598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of WEX. JPMorgan Chase & Co. grew its position in WEX by 105.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider’s stock valued at $358,812,000 after buying an additional 1,052,087 shares during the last quarter. Norges Bank purchased a new position in shares of WEX during the 4th quarter worth approximately $80,535,000. Wealthfront Advisers LLC acquired a new position in shares of WEX in the fourth quarter worth $28,689,000. Raymond James Financial Inc. acquired a new position in WEX in the 4th quarter valued at about $12,444,000. Finally, CenterBook Partners LP raised its position in shares of WEX by 379.8% in the fourth quarter. CenterBook Partners LP now owns 72,815 shares of the business services provider’s stock valued at $12,766,000 after buying an additional 57,639 shares during the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on WEX. Mizuho reduced their target price on WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Barclays reduced their target price on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Bank of America cut WEX from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. William Blair restated a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Finally, Jefferies Financial Group raised their price target on shares of WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $187.80.

WEX Trading Down 3.6 %

NYSE:WEX opened at $122.60 on Thursday. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $235.65. 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 business has a 50 day simple moving average of $148.30 and a 200 day simple moving average of $172.29. The firm has a market capitalization of $4.20 billion, a P/E ratio of 16.35, a P/E/G ratio of 2.06 and a beta of 1.33.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. Equities research analysts predict that WEX Inc. will post 14.09 EPS 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.