WEX Inc. (NYSE:WEX) Stock Position Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in WEX Inc. (NYSE:WEX) by 11.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,197 shares of the business services provider’s stock after buying an additional 978 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in WEX were worth $1,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WEX. SG Americas Securities LLC raised its stake in shares of WEX by 16.6% in the 3rd quarter. SG Americas Securities LLC now owns 1,711 shares of the business services provider’s stock worth $322,000 after buying an additional 244 shares in the last quarter. RDA Financial Network raised its position in shares of WEX by 40.4% during the third quarter. RDA Financial Network now owns 1,650 shares of the business services provider’s stock worth $310,000 after purchasing an additional 475 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of WEX by 15.5% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 4,068 shares of the business services provider’s stock worth $765,000 after purchasing an additional 547 shares during the period. Oak Thistle LLC acquired a new stake in shares of WEX during the third quarter worth $1,490,000. Finally, Wendell David Associates Inc. raised its position in shares of WEX by 7.9% during the third quarter. Wendell David Associates Inc. now owns 1,189 shares of the business services provider’s stock worth $224,000 after purchasing an additional 87 shares during the period. Institutional investors own 97.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TheStreet raised WEX from a “c” rating to a “b” rating in a research report on Thursday, February 8th. StockNews.com lowered WEX from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Truist Financial boosted their target price on WEX from $185.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Robert W. Baird boosted their target price on WEX from $272.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Finally, Jefferies Financial Group lifted their price target on WEX from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.00.

Insider Buying and Selling at WEX

In other news, insider Ann Elena Drew sold 4,531 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $218.03, for a total transaction of $987,893.93. Following the completion of the sale, the insider now owns 3,653 shares in the company, valued at approximately $796,463.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Ann Elena Drew sold 4,531 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $218.03, for a total transaction of $987,893.93. Following the completion of the sale, the insider now owns 3,653 shares in the company, valued at approximately $796,463.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jagtar Narula sold 309 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $233.24, for a total value of $72,071.16. Following the sale, the chief financial officer now owns 5,528 shares of the company’s stock, valued at approximately $1,289,350.72. The disclosure for this sale can be found here. Insiders have sold 28,326 shares of company stock worth $6,281,961 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

WEX Stock Performance

Shares of NYSE WEX opened at $233.31 on Thursday. The business’s 50-day moving average price is $230.52 and its two-hundred day moving average price is $203.29. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.05. WEX Inc. has a one year low of $161.95 and a one year high of $244.04. The company has a market capitalization of $9.74 billion, a P/E ratio of 37.88, a price-to-earnings-growth ratio of 1.51 and a beta of 1.59.

WEX (NYSE:WEX) last issued its 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 10.46% and a return on equity of 31.33%. The firm had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $656.75 million. Analysts anticipate that WEX Inc. will post 13.55 earnings per share for the current fiscal 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.