WEX Inc. (NYSE:WEX) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in WEX Inc. (NYSE:WEX) by 19,044.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,992 shares of the business services provider’s stock after acquiring an additional 35,804 shares during the quarter. International Assets Investment Management LLC owned 0.08% of WEX worth $7,002,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. VisionPoint Advisory Group LLC increased its stake in WEX by 74.7% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 62 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of WEX by 896.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the business services provider’s stock worth $58,000 after buying an additional 278 shares during the last quarter. Signaturefd LLC boosted its position in shares of WEX by 131.4% in the 3rd quarter. Signaturefd LLC now owns 516 shares of the business services provider’s stock worth $97,000 after buying an additional 293 shares in the last quarter. Clearstead Advisors LLC acquired a new stake in WEX in the 3rd quarter valued at about $110,000. Finally, Advisor Partners II LLC purchased a new position in WEX during the 3rd quarter valued at about $202,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Stock Performance

NYSE:WEX opened at $211.66 on Wednesday. WEX Inc. has a fifty-two week low of $161.95 and a fifty-two week high of $244.04. The firm’s 50 day moving average is $229.31 and its two-hundred day moving average is $205.01. The company has a market cap of $8.87 billion, a P/E ratio of 34.42, a P/E/G ratio of 1.22 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.73.

WEX (NYSE:WEX) last issued its earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). WEX had a return on equity of 30.92% and a net margin of 10.21%. The firm had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $656.75 million. Analysts expect that WEX Inc. will post 13.96 EPS for the current year.

Insider Buying and Selling

In other WEX news, insider Ann Elena Drew sold 4,531 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $218.03, for a total transaction of $987,893.93. Following the transaction, the insider now owns 3,653 shares in the company, valued at $796,463.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Ann Elena Drew sold 4,531 shares of WEX stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $218.03, for a total transaction of $987,893.93. Following the sale, the insider now owns 3,653 shares in the company, valued at $796,463.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sara Trickett sold 887 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $224.61, for a total transaction of $199,229.07. The disclosure for this sale can be found here. In the last three months, insiders sold 32,157 shares of company stock valued at $7,090,562. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on WEX. JPMorgan Chase & Co. increased their price target on shares of WEX from $205.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Evercore ISI increased their target price on WEX from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. TheStreet raised WEX from a “c” rating to a “b” rating in a report on Thursday, February 8th. Mizuho increased their price objective on WEX from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Jefferies Financial Group lifted their price objective on WEX from $235.00 to $240.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $240.00.

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.