UBS Group AG Purchases 49,195 Shares of WEX Inc. (NYSE:WEX)

UBS Group AG increased its stake in shares of WEX Inc. (NYSE:WEX – Get Rating) by 863.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,892 shares of the business services provider’s stock after acquiring an additional 49,195 shares during the period. UBS Group AG owned about 0.13% of WEX worth $8,983,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ bought a new stake in WEX during the fourth quarter worth about $295,000. Donoghue Forlines LLC bought a new stake in WEX during the fourth quarter worth about $1,298,000. Cambridge Investment Research Advisors Inc. raised its holdings in WEX by 27.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,658 shares of the business services provider’s stock worth $435,000 after acquiring an additional 571 shares in the last quarter. California Public Employees Retirement System raised its holdings in WEX by 4.3% during the fourth quarter. California Public Employees Retirement System now owns 102,654 shares of the business services provider’s stock worth $16,799,000 after acquiring an additional 4,221 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in WEX by 32.1% during the fourth quarter. Russell Investments Group Ltd. now owns 28,967 shares of the business services provider’s stock worth $4,740,000 after acquiring an additional 7,047 shares in the last quarter. Institutional investors own 98.65% of the company’s stock.

WEX Price Performance

WEX stock opened at $174.87 on Wednesday. WEX Inc. has a 12 month low of $125.00 and a 12 month high of $204.05. The stock’s 50 day moving average is $177.49 and its 200-day moving average is $175.50. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 52.36, a PEG ratio of 1.93 and a beta of 1.60.

Insider Activity

In related news, Director Regina O. Sommer sold 1,261 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $2,719,101.44. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Regina O. Sommer sold 1,261 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $2,719,101.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Robert Joseph Deshaies sold 1,100 shares of the business’s stock in a transaction that occurred 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 owns 7,931 shares of the company’s stock, valued at $1,330,742.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,300 shares of company stock valued at $590,154. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on WEX shares. TheStreet upgraded WEX from a “c” rating to a “b-” rating in a report on Thursday, February 9th. StockNews.com assumed coverage on WEX in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Mizuho lowered their price target on WEX from $220.00 to $200.00 in a research report on Monday, May 1st. Morgan Stanley boosted their price target on WEX from $157.00 to $199.00 and gave the stock an “equal weight” rating in a research report on Friday, February 10th. Finally, Robert W. Baird boosted their price target on WEX from $222.00 to $236.00 in a research report on Friday, April 28th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, WEX has a consensus rating of “Moderate Buy” and an average price target of $208.90.

WEX 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.