Duality Advisers LP Purchases Shares of 10,017 WEX Inc. (NYSE:WEX)

Duality Advisers LP purchased a new stake in shares of WEX Inc. (NYSE:WEX) during the fourth quarter, Holdings Channel reports. The firm purchased 10,017 shares of the business services provider’s stock, valued at approximately $1,949,000.

A number of other large investors have also added to or reduced their stakes in WEX. VisionPoint Advisory Group LLC increased its holdings in WEX by 74.7% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 62 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in WEX by 896.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 278 shares during the period. CWM LLC increased its holdings in WEX by 15.6% during the 4th quarter. CWM LLC now owns 377 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 51 shares during the period. Signaturefd LLC increased its holdings in WEX by 131.4% during the 3rd quarter. Signaturefd LLC now owns 516 shares of the business services provider’s stock valued at $97,000 after purchasing an additional 293 shares during the period. Finally, Clearstead Advisors LLC purchased a new position in WEX during the 3rd quarter valued at about $110,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Insider Activity

In other news, SVP Sara Trickett sold 887 shares of WEX stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $224.61, for a total transaction of $199,229.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Melissa D. Smith sold 13,000 shares of WEX stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $222.33, for a total transaction of $2,890,290.00. Following the transaction, the chief executive officer now directly owns 81,998 shares of the company’s stock, valued at approximately $18,230,615.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Sara Trickett sold 887 shares of WEX stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $224.61, for a total value of $199,229.07. The disclosure for this sale can be found here. Insiders have sold a total of 28,326 shares of company stock valued at $6,281,961 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

WEX Trading Down 0.0 %

WEX stock opened at $230.47 on Tuesday. The business has a 50-day simple moving average of $230.06 and a two-hundred day simple moving average of $202.94. The company has a market cap of $9.62 billion, a P/E ratio of 37.41, a P/E/G ratio of 1.49 and a beta of 1.59. WEX Inc. has a 52-week low of $161.95 and a 52-week high of $244.04. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.55.

WEX (NYSE:WEX) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). The firm had revenue of $663.30 million for the quarter, compared to the consensus estimate of $656.75 million. WEX had a net margin of 10.46% and a return on equity of 31.33%. Analysts predict that WEX Inc. will post 13.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WEX shares. Truist Financial boosted their price target on WEX from $185.00 to $220.00 and gave the company a “hold” rating in a report on Friday, February 9th. TheStreet raised WEX from a “c” rating to a “b” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. boosted their price target on WEX from $205.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Robert W. Baird boosted their price target on WEX from $272.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Finally, StockNews.com cut WEX from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

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.