1,698 Shares in WEX Inc. (NYSE:WEX) Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC purchased a new position in shares of WEX Inc. (NYSE:WEX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,698 shares of the business services provider’s stock, valued at approximately $298,000.

Several other institutional investors and hedge funds have also bought and sold shares of WEX. JPMorgan Chase & Co. lifted its holdings 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 worth $358,812,000 after buying an additional 1,052,087 shares during the period. Norges Bank purchased a new stake in WEX in the 4th quarter worth approximately $80,535,000. Wealthfront Advisers LLC purchased a new stake in WEX in the 4th quarter worth approximately $28,689,000. Raymond James Financial Inc. purchased a new stake in WEX in the 4th quarter worth approximately $12,444,000. Finally, CenterBook Partners LP lifted its holdings in WEX by 379.8% in the 4th quarter. CenterBook Partners LP now owns 72,815 shares of the business services provider’s stock worth $12,766,000 after buying an additional 57,639 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WEX shares. Robert W. Baird set a $186.00 price target on WEX in a research report on Tuesday, February 18th. UBS Group dropped their target price on shares of WEX from $200.00 to $172.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of WEX from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Bank of America lowered shares of WEX from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group increased their price target on shares of WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $185.80.

WEX Stock Performance

Shares of NYSE WEX opened at $130.47 on Tuesday. The firm’s 50-day moving average price is $143.67 and its 200-day moving average price is $167.10. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. The company has a market cap of $4.47 billion, a PE ratio of 17.40, a PEG ratio of 2.06 and a beta of 1.33. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $220.32.

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 analysts’ consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. As a group, analysts anticipate that WEX Inc. will post 14.09 EPS for the current year.

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.