WEX Inc. (NYSE:WEX) Position Boosted by Isthmus Partners LLC

Isthmus Partners LLC raised its holdings in shares of WEX Inc. (NYSE:WEX) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,886 shares of the business services provider’s stock after acquiring an additional 108 shares during the quarter. Isthmus Partners LLC’s holdings in WEX were worth $331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Commerce Bank grew its stake in WEX by 1.7% during the 3rd quarter. Commerce Bank now owns 3,624 shares of the business services provider’s stock valued at $760,000 after acquiring an additional 60 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of WEX by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 1,283 shares of the business services provider’s stock valued at $225,000 after buying an additional 65 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of WEX by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after buying an additional 66 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of WEX by 0.6% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,175 shares of the business services provider’s stock valued at $1,959,000 after buying an additional 70 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of WEX by 47.3% in the 3rd 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. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Analysts Set New Price Targets

WEX has been the subject of several recent research reports. Jefferies Financial Group boosted 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. Mizuho lowered their price target on WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Bank of America cut WEX from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Citigroup lowered WEX from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $260.00 to $190.00 in a report on Tuesday, January 14th. Finally, William Blair restated a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WEX presently has a consensus rating of “Hold” and a consensus price target of $195.73.

WEX Stock Down 1.4 %

Shares of WEX stock opened at $156.48 on Tuesday. WEX Inc. has a 12 month low of $146.03 and a 12 month high of $244.04. The firm has a market cap of $6.07 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The stock has a 50 day moving average of $168.83 and a 200-day moving average of $182.71. 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 issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. On average, equities 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.