AtonRa Partners Has $295,000 Stock Position in WEX Inc. (NYSE:WEX)

AtonRa Partners trimmed its position in WEX Inc. (NYSE:WEX) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,517 shares of the business services provider’s stock after selling 297 shares during the quarter. AtonRa Partners’ holdings in WEX were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC boosted its holdings in WEX by 74.7% during the third quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock worth $27,000 after buying an additional 62 shares during the last quarter. GAMMA Investing LLC bought a new position in WEX during the fourth quarter worth about $27,000. Cary Street Partners Investment Advisory LLC boosted its holdings in WEX by 896.8% during the third 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. CWM LLC boosted its holdings in WEX by 15.6% during the fourth quarter. CWM LLC now owns 377 shares of the business services provider’s stock worth $73,000 after buying an additional 51 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of WEX by 131.4% during the 3rd quarter. Signaturefd LLC now owns 516 shares of the business services provider’s stock valued at $97,000 after purchasing an additional 293 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Trading Up 1.1 %

Shares of WEX stock traded up $2.28 during mid-day trading on Monday, reaching $218.86. 364,413 shares of the stock traded hands, compared to its average volume of 305,882. The stock’s fifty day simple moving average is $230.59 and its two-hundred day simple moving average is $203.96. WEX Inc. has a 1-year low of $161.95 and a 1-year high of $244.04. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.59. 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 announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). WEX had a net margin of 10.21% and a return on equity of 30.92%. The firm had revenue of $663.30 million for the quarter, compared to analyst estimates of $656.75 million. On average, research analysts anticipate that WEX Inc. will post 13.55 EPS for the current fiscal year.

Insider Transactions at WEX

In other WEX news, CAO Jennifer Kimball sold 574 shares of WEX stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $222.24, for a total value of $127,565.76. Following the completion of the sale, the chief accounting officer now directly owns 1,297 shares in the company, valued at $288,245.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other WEX news, SVP Sara Trickett sold 887 shares of WEX stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $224.61, for a total value of $199,229.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer Kimball sold 574 shares of WEX stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $222.24, for a total value of $127,565.76. Following the completion of the sale, the chief accounting officer now owns 1,297 shares of the company’s stock, valued at $288,245.28. The disclosure for this sale can be found here. Insiders sold 28,326 shares of company stock worth $6,281,961 over the last ninety days. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WEX shares. William Blair reiterated an “outperform” rating on shares of WEX in a report on Thursday, February 8th. StockNews.com cut WEX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Mizuho boosted their target price on WEX from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Robert W. Baird boosted their target price on WEX from $272.00 to $285.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. boosted their target price on WEX from $205.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

WEX 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.