Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.54 Million Stake in WEX Inc. (NYSE:WEX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in WEX Inc. (NYSE:WEX) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,786 shares of the business services provider’s stock after selling 270 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in WEX were worth $1,540,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Magnetar Financial LLC acquired a new stake in WEX in the 4th quarter valued at about $3,315,000. Teacher Retirement System of Texas increased its holdings in shares of WEX by 120.4% in the fourth quarter. Teacher Retirement System of Texas now owns 8,688 shares of the business services provider’s stock valued at $1,523,000 after purchasing an additional 4,746 shares in the last quarter. Xponance Inc. raised its position in WEX by 1.4% in the 4th quarter. Xponance Inc. now owns 4,864 shares of the business services provider’s stock worth $853,000 after purchasing an additional 68 shares during the last quarter. Retirement Planning Co of New England Inc. lifted its holdings in WEX by 8.5% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 2,002 shares of the business services provider’s stock worth $351,000 after buying an additional 157 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in WEX by 8.1% in the 4th quarter. Primecap Management Co. CA now owns 315,280 shares of the business services provider’s stock valued at $55,275,000 after buying an additional 23,690 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WEX shares. Barclays cut their price target on WEX from $200.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Jefferies Financial Group raised their target price on shares of WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Mizuho lowered their price target on shares of WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company cut their price objective on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $195.73.

WEX Price Performance

WEX opened at $153.93 on Wednesday. The stock has a market cap of $5.97 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.06 and a beta of 1.61. WEX Inc. has a 12 month low of $146.03 and a 12 month high of $244.04. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. The company has a fifty day simple moving average of $163.98 and a 200 day simple moving average of $179.94.

WEX (NYSE:WEX) last released its quarterly earnings results 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%. On average, research analysts expect 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.