Wisconsin Capital Management LLC Raises Position in WEX Inc. (NYSE:WEX)

Wisconsin Capital Management LLC lifted its stake in shares of WEX Inc. (NYSE:WEX) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,549 shares of the business services provider’s stock after buying an additional 926 shares during the quarter. WEX accounts for about 3.4% of Wisconsin Capital Management LLC’s holdings, making the stock its 9th biggest holding. Wisconsin Capital Management LLC’s holdings in WEX were worth $5,749,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. VisionPoint Advisory Group LLC lifted its holdings in WEX by 74.7% in the third quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock worth $27,000 after acquiring an additional 62 shares during the last quarter. GAMMA Investing LLC bought a new position in WEX in the fourth quarter worth about $27,000. Cary Street Partners Investment Advisory LLC lifted its holdings in WEX by 896.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the business services provider’s stock worth $58,000 after acquiring an additional 278 shares during the last quarter. CWM LLC lifted its holdings in WEX by 15.6% in the fourth quarter. CWM LLC now owns 377 shares of the business services provider’s stock worth $73,000 after acquiring an additional 51 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in WEX by 131.4% in the third quarter. Signaturefd LLC now owns 516 shares of the business services provider’s stock worth $97,000 after acquiring an additional 293 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WEX. TheStreet raised shares of WEX from a “c” rating to a “b” rating in a report on Thursday, February 8th. William Blair restated an “outperform” rating on shares of WEX in a research note on Thursday, February 8th. Barclays raised their price target on shares of WEX from $255.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Citigroup raised their price target on shares of WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group raised their price target on shares of WEX from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, WEX currently has an average rating of “Moderate Buy” and a consensus price target of $240.00.

Insider Activity

In other news, CFO Jagtar Narula sold 309 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $233.24, for a total transaction of $72,071.16. Following the transaction, the chief financial officer now owns 5,528 shares in the company, valued at approximately $1,289,350.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Melissa D. Smith sold 13,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $222.33, for a total value of $2,890,290.00. Following the sale, the chief executive officer now owns 81,998 shares in the company, valued at $18,230,615.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jagtar Narula sold 309 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $233.24, for a total transaction of $72,071.16. Following the transaction, the chief financial officer now owns 5,528 shares of the company’s stock, valued at $1,289,350.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,326 shares of company stock worth $6,281,961. 1.10% of the stock is owned by corporate insiders.

WEX Stock Down 7.8 %

Shares of NYSE:WEX traded down $18.25 during trading on Thursday, reaching $215.07. 762,236 shares of the company traded hands, compared to its average volume of 303,632. The firm has a fifty day simple moving average of $230.87 and a 200 day simple moving average of $203.50. The firm has a market cap of $8.98 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 1.51 and a beta of 1.59. WEX Inc. has a 1-year low of $161.95 and a 1-year 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 issued its 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 company had revenue of $663.30 million for the quarter, compared to analyst estimates of $656.75 million. WEX had a net margin of 10.46% and a return on equity of 31.33%. Analysts anticipate that WEX Inc. will post 13.55 earnings per share for the current fiscal 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.