Xponance Inc. Has $853,000 Holdings in WEX Inc. (NYSE:WEX)

Xponance Inc. lifted its stake in shares of WEX Inc. (NYSE:WEX) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,864 shares of the business services provider’s stock after buying an additional 68 shares during the period. Xponance Inc.’s holdings in WEX were worth $853,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Retirement Planning Co of New England Inc. grew its holdings in WEX by 8.5% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 2,002 shares of the business services provider’s stock worth $351,000 after purchasing an additional 157 shares during the period. Primecap Management Co. CA boosted its position in shares of WEX by 8.1% during the 4th quarter. Primecap Management Co. CA now owns 315,280 shares of the business services provider’s stock worth $55,275,000 after purchasing an additional 23,690 shares in the last quarter. Aurora Investment Counsel grew its stake in shares of WEX by 5.9% in the 4th quarter. Aurora Investment Counsel now owns 7,046 shares of the business services provider’s stock valued at $1,235,000 after buying an additional 391 shares during the period. Thompson Siegel & Walmsley LLC increased its position in WEX by 7.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 59,697 shares of the business services provider’s stock valued at $10,466,000 after buying an additional 4,194 shares in the last quarter. Finally, Truvestments Capital LLC raised its stake in WEX by 4.9% during the 4th quarter. Truvestments Capital LLC now owns 1,686 shares of the business services provider’s stock worth $296,000 after buying an additional 78 shares during the period. Institutional investors own 97.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. William Blair restated a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Keefe, Bruyette & Woods lowered their price objective on shares of WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Mizuho dropped their price objective on shares of WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company lowered their target price on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Finally, UBS Group cut their price target on WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, WEX presently has an average rating of “Hold” and an average target price of $195.73.

WEX Stock Up 0.5 %

WEX stock opened at $157.81 on Tuesday. The firm has a 50 day moving average price of $164.45 and a 200-day moving average price of $180.17. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. WEX Inc. has a twelve month low of $146.03 and a twelve month high of $244.04. The company has a market capitalization of $6.13 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.06 and a beta of 1.61.

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

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.