Cambiar Investors LLC Has $13.64 Million Stake in WEX Inc. (NYSE:WEX)

Cambiar Investors LLC increased its stake in WEX Inc. (NYSE:WEX) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 65,029 shares of the business services provider’s stock after purchasing an additional 134 shares during the quarter. Cambiar Investors LLC owned approximately 0.16% of WEX worth $13,639,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WEX. International Assets Investment Management LLC acquired a new position in WEX in the 2nd quarter valued at $33,000. Quarry LP lifted its position in shares of WEX by 717.4% during the 2nd quarter. Quarry LP now owns 188 shares of the business services provider’s stock worth $33,000 after purchasing an additional 165 shares during the last quarter. Blue Trust Inc. boosted its stake in WEX by 456.1% during the 2nd quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 187 shares during the period. Covestor Ltd increased its position in WEX by 233.9% in the 1st quarter. Covestor Ltd now owns 187 shares of the business services provider’s stock worth $44,000 after buying an additional 131 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of WEX in the first quarter worth $60,000. Institutional investors own 97.47% of the company’s stock.

WEX Trading Up 0.7 %

Shares of WEX opened at $173.79 on Friday. The stock has a fifty day moving average price of $199.16 and a two-hundred day moving average price of $192.80. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.36 and a beta of 1.57. WEX Inc. has a 52-week low of $165.51 and a 52-week high of $244.04.

WEX (NYSE:WEX) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $4.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.82 by $0.53. The business had revenue of $665.50 million for the quarter, compared to the consensus estimate of $688.03 million. WEX had a net margin of 12.45% and a return on equity of 31.35%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.44 EPS. Analysts predict that WEX Inc. will post 13.2 EPS for the current fiscal year.

Insider Activity at WEX

In other WEX news, CFO Jagtar Narula sold 508 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $200.00, for a total transaction of $101,600.00. Following the transaction, the chief financial officer now owns 7,120 shares of the company’s stock, valued at approximately $1,424,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Robert Joseph Deshaies sold 1,651 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.67, for a total value of $299,937.17. Following the transaction, the chief operating officer now owns 7,757 shares of the company’s stock, valued at approximately $1,409,214.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jagtar Narula sold 508 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $200.00, for a total value of $101,600.00. Following the completion of the transaction, the chief financial officer now owns 7,120 shares in the company, valued at $1,424,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on WEX shares. Robert W. Baird cut their target price on shares of WEX from $285.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price target on WEX from $210.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Wells Fargo & Company decreased their price objective on WEX from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Jefferies Financial Group upped their target price on WEX from $190.00 to $210.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of WEX from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.91.

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.