WEX Inc. (NYSE:WEX) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of WEX Inc. (NYSE:WEX) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,013 shares of the business services provider’s stock after selling 1,080 shares during the period. Yousif Capital Management LLC’s holdings in WEX were worth $2,457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Venturi Wealth Management LLC raised its stake in WEX by 206.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of WEX during the third quarter worth approximately $35,000. UMB Bank n.a. lifted its holdings in shares of WEX by 552.5% during the fourth quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock worth $46,000 after purchasing an additional 221 shares during the period. Covestor Ltd grew its position in 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 during the last quarter. Finally, Brooklyn Investment Group acquired a new position in WEX in the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Citigroup downgraded shares of 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. Wolfe Research cut WEX from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Bank of America cut WEX from a “buy” rating to a “neutral” rating in a report on Thursday. Wells Fargo & Company dropped their price objective on WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, William Blair reissued a “market perform” rating on shares of WEX in a report on Thursday. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $209.73.

WEX Trading Up 0.0 %

NYSE:WEX opened at $152.00 on Monday. The company has a market capitalization of $6.05 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.24 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 stock has a fifty day simple moving average of $177.60 and a 200-day simple moving average of $185.82. 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 announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. On average, equities research analysts expect that WEX Inc. will post 14.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other WEX news, COO Robert Joseph Deshaies sold 175 shares of WEX stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $189.44, for a total value of $33,152.00. Following the completion of the sale, the chief operating officer now directly owns 7,582 shares of the company’s stock, valued at approximately $1,436,334.08. The trade was a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

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.