Public Employees Retirement System of Ohio raised its holdings in shares of WEX Inc (NYSE:WEX) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,182 shares of the business services provider’s stock after acquiring an additional 61 shares during the period. Public Employees Retirement System of Ohio’s holdings in WEX were worth $3,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Commonwealth Equity Services LLC raised its position in WEX by 18.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,469 shares of the business services provider’s stock worth $305,000 after purchasing an additional 226 shares during the period. Arizona State Retirement System increased its holdings in shares of WEX by 1.4% in the second quarter. Arizona State Retirement System now owns 31,390 shares of the business services provider’s stock worth $6,532,000 after buying an additional 440 shares during the period. BTIM Corp. lifted its stake in shares of WEX by 40.6% in the 2nd quarter. BTIM Corp. now owns 3,028 shares of the business services provider’s stock valued at $630,000 after acquiring an additional 875 shares during the last quarter. Psagot Investment House Ltd. lifted its stake in shares of WEX by 131.3% in the 2nd quarter. Psagot Investment House Ltd. now owns 22,470 shares of the business services provider’s stock valued at $4,676,000 after acquiring an additional 12,755 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of WEX by 515.2% in the 2nd quarter. SG Americas Securities LLC now owns 22,080 shares of the business services provider’s stock valued at $4,595,000 after acquiring an additional 18,491 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

WEX opened at $197.06 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.30 and a current ratio of 1.30. WEX Inc has a 52-week low of $131.35 and a 52-week high of $221.66. The stock has a market capitalization of $8.71 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.67 and a beta of 1.56. The stock’s 50 day moving average price is $199.41 and its 200-day moving average price is $203.19.

WEX (NYSE:WEX) last announced its quarterly earnings results on Thursday, October 31st. The business services provider reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.24. The company had revenue of $459.96 million during the quarter, compared to analyst estimates of $460.00 million. WEX had a return on equity of 18.86% and a net margin of 3.95%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.23 earnings per share. Research analysts forecast that WEX Inc will post 8.38 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. Raymond James assumed coverage on WEX in a research report on Monday, September 30th. They set a “market perform” rating and a $260.00 price target on the stock. Robert W. Baird upgraded WEX from a “neutral” rating to an “outperform” rating and set a $234.00 price objective for the company in a research report on Friday, November 1st. Wolfe Research set a $240.00 price objective on WEX and gave the company a “buy” rating in a research note on Friday, November 1st. SunTrust Banks cut their target price on shares of WEX from $240.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, ValuEngine cut shares of WEX from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $227.87.

In related news, CFO Roberto Simon sold 7,651 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.03, for a total transaction of $1,530,429.53. Following the transaction, the chief financial officer now owns 16,902 shares in the company, valued at $3,380,907.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicola S. Morris sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $197.60, for a total transaction of $592,800.00. Following the transaction, the insider now owns 8,383 shares in the company, valued at approximately $1,656,480.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,416 shares of company stock valued at $2,273,024. Corporate insiders own 1.12% of the company’s stock.

WEX Company Profile

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services.

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Institutional Ownership by Quarter for WEX (NYSE:WEX)

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