Maryland State Retirement & Pension System Has $371,000 Stock Holdings in WEX Inc. (NYSE:WEX)

Maryland State Retirement & Pension System reduced its holdings in shares of WEX Inc. (NYSE:WEX) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,116 shares of the business services provider’s stock after selling 268 shares during the quarter. Maryland State Retirement & Pension System’s holdings in WEX were worth $371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in WEX by 1,635.8% during the 4th quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider’s stock worth $1,540,000 after purchasing an additional 8,277 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of WEX by 25.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after buying an additional 66 shares during the last quarter. KBC Group NV grew its holdings in WEX by 53.7% during the fourth quarter. KBC Group NV now owns 1,825 shares of the business services provider’s stock worth $320,000 after buying an additional 638 shares in the last quarter. Jones Financial Companies Lllp raised its position in WEX by 108.4% in the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after buying an additional 129 shares during the last quarter. Finally, Choreo LLC lifted its stake in WEX by 33.7% during the 4th quarter. Choreo LLC now owns 2,373 shares of the business services provider’s stock valued at $405,000 after acquiring an additional 598 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

WEX Trading Down 2.3 %

Shares of WEX stock opened at $153.93 on Wednesday. The company’s 50-day moving average price is $163.98 and its 200-day moving average price is $179.94. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. WEX Inc. has a 12-month low of $146.03 and a 12-month high of $244.04. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.06 and a beta of 1.61.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, topping 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 analysts expect that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

WEX has been the topic of a number of research analyst reports. Robert W. Baird set a $186.00 target price on WEX in a research note on Tuesday, February 18th. Barclays decreased their target price on WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. William Blair reissued a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Keefe, Bruyette & Woods reduced their price target on shares of WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price objective on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $195.73.

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.