Blair William & Co. IL Sells 18,298 Shares of WEX Inc. (NYSE:WEX)

Blair William & Co. IL decreased its position in WEX Inc. (NYSE:WEX) by 13.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,152 shares of the business services provider’s stock after selling 18,298 shares during the period. Blair William & Co. IL owned 0.28% of WEX worth $27,590,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in WEX by 15.6% during the fourth quarter. CWM LLC now owns 377 shares of the business services provider’s stock worth $73,000 after buying an additional 51 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in WEX by 4.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,733 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 72 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of WEX by 5.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,893 shares of the business services provider’s stock worth $368,000 after acquiring an additional 94 shares during the period. Cozad Asset Management Inc. boosted its stake in WEX by 2.1% in the 1st quarter. Cozad Asset Management Inc. now owns 4,831 shares of the business services provider’s stock valued at $1,148,000 after purchasing an additional 100 shares during the period. Finally, Rise Advisors LLC bought a new stake in WEX in the 1st quarter valued at $29,000. Institutional investors own 97.47% of the company’s stock.

Insiders Place Their Bets

In other WEX news, CFO Jagtar Narula sold 540 shares of WEX stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $180.00, for a total value of $97,200.00. Following the completion of the transaction, the chief financial officer now directly owns 8,168 shares of the company’s stock, valued at $1,470,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jagtar Narula sold 540 shares of WEX stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $180.00, for a total value of $97,200.00. Following the completion of the sale, the chief financial officer now directly owns 8,168 shares in the company, valued at $1,470,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Sara Trickett sold 734 shares of WEX stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $210.43, for a total transaction of $154,455.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,911 shares of company stock valued at $1,008,402. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

WEX has been the subject of several analyst reports. Robert W. Baird lifted their price objective on WEX from $272.00 to $285.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Citigroup upped their price target on WEX from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Wells Fargo & Company initiated coverage on WEX in a research report on Wednesday, June 5th. They set an “equal weight” rating and a $200.00 price target for the company. Keefe, Bruyette & Woods lowered their price objective on WEX from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Finally, StockNews.com cut shares of WEX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $238.85.

WEX Trading Down 0.3 %

Shares of WEX traded down $0.63 during trading hours on Friday, reaching $184.68. 516,950 shares of the company traded hands, compared to its average volume of 327,845. The company’s fifty day moving average price is $183.24 and its two-hundred day moving average price is $206.39. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.10 and a beta of 1.54. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.73. WEX Inc. has a 12 month low of $161.95 and a 12 month high of $244.04.

WEX (NYSE:WEX) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.15. WEX had a net margin of 10.21% and a return on equity of 30.92%. The company had revenue of $652.70 million during the quarter, compared to analysts’ expectations of $653.52 million. Equities research analysts predict that WEX Inc. will post 13.95 earnings per share for the current fiscal year.

WEX Company 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.