GHP Investment Advisors Inc. Has $2.22 Million Stock Position in WEX Inc. (NYSE:WEX)

GHP Investment Advisors Inc. cut its position in WEX Inc. (NYSE:WEX) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,581 shares of the business services provider’s stock after selling 185 shares during the period. GHP Investment Advisors Inc.’s holdings in WEX were worth $2,219,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WEX. Dimensional Fund Advisors LP boosted its holdings in shares of WEX by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 495,527 shares of the business services provider’s stock worth $87,772,000 after acquiring an additional 126,663 shares in the last quarter. Distillate Capital Partners LLC acquired a new position in WEX in the second quarter worth $13,950,000. Vident Advisory LLC grew its holdings in shares of WEX by 1,610.6% during the first quarter. Vident Advisory LLC now owns 58,264 shares of the business services provider’s stock worth $13,839,000 after purchasing an additional 54,858 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of WEX by 5.6% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 914,250 shares of the business services provider’s stock valued at $173,561,000 after buying an additional 48,182 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of WEX in the second quarter valued at about $7,139,000. 97.47% of the stock is owned by institutional investors.

WEX Stock Down 1.3 %

Shares of WEX stock opened at $178.85 on Friday. WEX Inc. has a 12 month low of $161.95 and a 12 month high of $244.04. The business has a fifty day simple moving average of $199.68 and a 200 day simple moving average of $194.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock has a market cap of $7.35 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.55.

WEX (NYSE:WEX) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.09. WEX had a return on equity of 31.05% and a net margin of 9.32%. The company had revenue of $673.50 million during the quarter, compared to analysts’ expectations of $677.44 million. Research analysts predict that WEX Inc. will post 13.68 EPS for the current year.

Insider Activity at WEX

In other WEX news, CFO Jagtar Narula sold 508 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $200.00, for a total value of $101,600.00. Following the sale, the chief financial officer now directly owns 7,120 shares in the company, valued at approximately $1,424,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Jagtar Narula sold 508 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $200.00, for a total value of $101,600.00. Following the completion of the sale, the chief financial officer now owns 7,120 shares in the company, valued at $1,424,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Robert Joseph Deshaies sold 1,651 shares of WEX stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.67, for a total value of $299,937.17. Following the transaction, the chief operating officer now owns 7,757 shares in the company, valued at approximately $1,409,214.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,905 shares of company stock worth $895,107. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on WEX. William Blair raised shares of WEX to a “strong-buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their price target on shares of WEX from $210.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Robert W. Baird reduced their price objective on WEX from $285.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday. Wells Fargo & Company decreased their price objective on WEX from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Bank of America boosted their target price on WEX from $238.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, WEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.92.

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.