WEX Inc. (NYSE:WEX) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its stake in WEX Inc. (NYSE:WEX) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 8,120 shares of the business services provider’s stock after selling 247 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in WEX were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of WEX. Venturi Wealth Management LLC boosted its stake in shares of WEX by 206.1% in the third quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock valued at $31,000 after buying an additional 101 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of WEX in the third quarter valued at approximately $35,000. UMB Bank n.a. boosted its stake in shares of WEX by 552.5% in the fourth quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after buying an additional 221 shares in the last quarter. Covestor Ltd boosted its stake in shares of WEX by 47.3% in the third quarter. Covestor Ltd now owns 277 shares of the business services provider’s stock valued at $58,000 after buying an additional 89 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of WEX in the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Stock Down 0.4 %

Shares of NYSE:WEX opened at $157.07 on Friday. 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 52-week low of $146.03 and a 52-week high of $244.04. The stock’s fifty day simple moving average is $170.77 and its 200-day simple moving average is $183.57. The company has a market capitalization of $6.10 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.06 and a beta of 1.58.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) 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 research analysts forecast that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on WEX shares. Citigroup downgraded WEX from a “buy” rating to a “neutral” rating and decreased their price target for the company from $260.00 to $190.00 in a research note on Tuesday, January 14th. William Blair restated a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Keefe, Bruyette & Woods decreased their price target on WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group lifted their price target on WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Finally, Barclays decreased their target price on WEX from $200.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $195.73.

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.