WEX Inc. (NYSE:WEX) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of WEX Inc. (NYSE:WEX) by 72.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,839 shares of the business services provider’s stock after selling 7,347 shares during the period. American Century Companies Inc.’s holdings in WEX were worth $498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of WEX during the fourth quarter valued at about $2,339,000. Blueshift Asset Management LLC purchased a new stake in WEX during the 4th quarter worth approximately $255,000. Magnetar Financial LLC acquired a new position in shares of WEX in the 4th quarter valued at approximately $3,315,000. Teacher Retirement System of Texas boosted its stake in shares of WEX by 120.4% during the 4th quarter. Teacher Retirement System of Texas now owns 8,688 shares of the business services provider’s stock valued at $1,523,000 after buying an additional 4,746 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of WEX by 1.4% during the fourth quarter. Xponance Inc. now owns 4,864 shares of the business services provider’s stock worth $853,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Up 1.3 %

NYSE:WEX opened at $126.00 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. The stock has a 50 day moving average of $150.56 and a 200-day moving average of $173.75. The firm has a market capitalization of $4.31 billion, a PE ratio of 16.80, a price-to-earnings-growth 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 $241.77.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. Analysts predict that WEX Inc. will post 14.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WEX shares. Robert W. Baird set a $186.00 price target on shares of WEX in a report on Tuesday, February 18th. Citigroup downgraded shares of WEX from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $260.00 to $190.00 in a research report on Tuesday, January 14th. Bank of America cut shares of WEX from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Barclays lowered their price objective on WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, Wells Fargo & Company reduced their target price on WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $187.80.

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.