WEX Inc. (NYSE:WEX) Holdings Raised by LPL Financial LLC

LPL Financial LLC grew its position in WEX Inc. (NYSE:WEX – Get Rating) by 18.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,201 shares of the business services provider’s stock after acquiring an additional 2,326 shares during the quarter. LPL Financial LLC’s holdings in WEX were worth $2,467,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Biltmore Family Office LLC acquired a new position in WEX during the 4th quarter worth $257,000. IFP Advisors Inc lifted its position in shares of WEX by 15.8% during the 4th quarter. IFP Advisors Inc now owns 411 shares of the business services provider’s stock valued at $97,000 after acquiring an additional 56 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of WEX by 8.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,121 shares of the business services provider’s stock worth $1,656,000 after acquiring an additional 783 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of WEX during the fourth quarter worth $204,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of WEX by 8,498.0% during the fourth quarter. Pacer Advisors Inc. now owns 153,216 shares of the business services provider’s stock valued at $25,074,000 after purchasing an additional 151,434 shares during the last quarter. 98.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Regina O. Sommer sold 1,261 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $190.52, for a total transaction of $240,245.72. Following the completion of the sale, the director now directly owns 14,272 shares of the company’s stock, valued at approximately $2,719,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Regina O. Sommer sold 1,261 shares of WEX stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $190.52, for a total value of $240,245.72. Following the completion of the sale, the director now directly owns 14,272 shares of the company’s stock, valued at approximately $2,719,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert Joseph Deshaies sold 1,100 shares of WEX stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $167.79, for a total value of $184,569.00. Following the completion of the sale, the chief operating officer now directly owns 7,931 shares of the company’s stock, valued at $1,330,742.49. The disclosure for this sale can be found here. Insiders sold 3,300 shares of company stock worth $590,154 in the last 90 days. 1.00% of the stock is owned by company insiders.

WEX Price Performance

WEX stock opened at $177.83 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $7.62 billion, a PE ratio of 53.24, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59. WEX Inc. has a one year low of $125.00 and a one year high of $204.05. The business has a 50 day simple moving average of $177.37 and a 200 day simple moving average of $175.16.

Analyst Ratings Changes

Several equities research analysts have recently commented on WEX shares. Robert W. Baird upped their target price on WEX from $222.00 to $236.00 in a report on Friday, April 28th. StockNews.com started coverage on WEX in a research report on Thursday. They set a “hold” rating on the stock. Truist Financial upped their price target on WEX from $185.00 to $190.00 in a research report on Friday, April 28th. Mizuho dropped their price target on WEX from $220.00 to $200.00 in a research report on Monday, May 1st. Finally, Barclays dropped their price target on WEX from $213.00 to $209.00 and set an “overweight” rating on the stock in a research report on Monday, January 23rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.90.

WEX Company Profile

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WEX Inc provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements.