2,274 Shares in WEX Inc. (NYSE:WEX) Bought by Centiva Capital LP

Centiva Capital LP bought a new stake in WEX Inc. (NYSE:WEX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,274 shares of the business services provider’s stock, valued at approximately $399,000.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in WEX by 105.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider’s stock valued at $358,812,000 after purchasing an additional 1,052,087 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of WEX by 1.0% during the 4th quarter. Earnest Partners LLC now owns 872,734 shares of the business services provider’s stock valued at $153,008,000 after acquiring an additional 8,780 shares in the last quarter. Lyrical Asset Management LP grew its position in WEX by 0.4% during the 4th quarter. Lyrical Asset Management LP now owns 823,434 shares of the business services provider’s stock worth $144,364,000 after acquiring an additional 3,190 shares during the last quarter. River Road Asset Management LLC increased its holdings in WEX by 0.7% in the 4th quarter. River Road Asset Management LLC now owns 725,842 shares of the business services provider’s stock worth $127,255,000 after purchasing an additional 5,377 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in WEX by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 602,693 shares of the business services provider’s stock valued at $105,653,000 after purchasing an additional 18,331 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Stock Performance

Shares of WEX stock opened at $127.17 on Friday. The firm has a 50 day moving average of $138.41 and a 200-day moving average of $161.92. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 2.06 and a beta of 1.26. 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 $110.45 and a 52 week high of $217.47.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.11. The firm had revenue of $636.60 million for the quarter, compared to analyst estimates of $631.42 million. WEX had a net margin of 11.78% and a return on equity of 32.35%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.46 earnings per share. On average, equities analysts forecast that WEX Inc. will post 14.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WEX shares. Keefe, Bruyette & Woods lowered their price objective on WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Mizuho dropped their price target on shares of WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Robert W. Baird set a $186.00 price objective on shares of WEX in a research note on Tuesday, February 18th. William Blair reaffirmed a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Finally, Citigroup cut 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. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, WEX currently has an average rating of “Hold” and a consensus price target of $182.40.

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.