WEX Inc. (NYSE:WEX) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of WEX Inc. (NYSE:WEX) by 18.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,784 shares of the business services provider’s stock after acquiring an additional 1,683 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in WEX were worth $1,891,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC lifted its stake in WEX by 13,220.0% in the 4th quarter. AlphaQuest LLC now owns 666 shares of the business services provider’s stock valued at $117,000 after buying an additional 661 shares in the last quarter. Amundi lifted its stake in WEX by 493.1% in the 4th quarter. Amundi now owns 15,200 shares of the business services provider’s stock valued at $2,657,000 after buying an additional 12,637 shares in the last quarter. Inceptionr LLC purchased a new position in WEX in the 4th quarter valued at about $455,000. Raymond James Financial Inc. purchased a new position in WEX in the 4th quarter valued at about $12,444,000. Finally, Verdence Capital Advisors LLC lifted its stake in WEX by 1.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 20,531 shares of the business services provider’s stock valued at $3,599,000 after buying an additional 334 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on WEX shares. Mizuho decreased their price target on shares of WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Citigroup lowered shares of WEX from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $260.00 to $190.00 in a research note on Tuesday, January 14th. Bank of America lowered shares of WEX from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Jefferies Financial Group raised their target price 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. Finally, Wells Fargo & Company decreased their target price on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $195.73.

WEX Stock Up 2.8 %

WEX stock opened at $158.44 on Tuesday. The firm has a market cap of $6.15 billion, a PE ratio of 21.13, a PEG ratio of 2.06 and a beta of 1.61. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. The firm’s 50 day moving average price is $166.28 and its 200-day moving average price is $181.33. WEX Inc. has a one year low of $146.03 and a one year high of $244.04.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 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 anticipate that WEX Inc. will post 14.09 EPS for the current year.

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.