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

Oregon Public Employees Retirement Fund trimmed its holdings in shares of WEX Inc. (NYSE:WEX) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WEX. International Assets Investment Management LLC increased its position in shares of WEX by 20,873.0% during the 3rd quarter. International Assets Investment Management LLC now owns 38,800 shares of the business services provider’s stock worth $8,138,000 after purchasing an additional 38,615 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of WEX by 2.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,771 shares of the business services provider’s stock worth $1,000,000 after purchasing an additional 135 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of WEX by 10.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,573 shares of the business services provider’s stock worth $330,000 after purchasing an additional 149 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of WEX during the 3rd quarter worth about $2,329,000. Finally, Rice Hall James & Associates LLC increased its position in shares of WEX by 672.7% during the 3rd quarter. Rice Hall James & Associates LLC now owns 154,033 shares of the business services provider’s stock worth $32,305,000 after purchasing an additional 134,099 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho cut their price objective on WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. UBS Group lowered their target price on WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Barclays lowered their target price on WEX from $200.00 to $155.00 and set an “equal weight” rating for the company 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. Finally, Citigroup cut WEX from a “buy” rating to a “neutral” rating and lowered their target price for the company from $260.00 to $190.00 in a report on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $195.73.

WEX Trading Down 0.4 %

WEX opened at $157.07 on Friday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 2.06 and a beta of 1.58. WEX Inc. has a 52 week low of $146.03 and a 52 week high of $244.04. The business’s 50 day moving average is $170.77 and its two-hundred day moving average is $183.57. 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 (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping 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%. On average, research analysts predict that WEX Inc. will post 14.09 EPS for the current year.

About WEX

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.