EntryPoint Capital LLC Boosts Stock Position in WEX Inc. (NYSE:WEX)

EntryPoint Capital LLC increased its stake in WEX Inc. (NYSE:WEX) by 217.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,100 shares of the business services provider’s stock after purchasing an additional 2,808 shares during the quarter. WEX comprises about 0.3% of EntryPoint Capital LLC’s holdings, making the stock its 25th largest position. EntryPoint Capital LLC’s holdings in WEX were worth $719,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in WEX. Wilmington Savings Fund Society FSB bought a new stake in shares of WEX during the third quarter valued at about $35,000. Jones Financial Companies Lllp raised its position in WEX by 108.4% in the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock worth $43,000 after purchasing an additional 129 shares during the period. UMB Bank n.a. lifted its stake in shares of WEX by 552.5% in the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 221 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of WEX during the third quarter valued at approximately $59,000. Finally, Smartleaf Asset Management LLC grew its holdings in WEX by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock worth $56,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Trading Up 0.5 %

Shares of WEX stock opened at $157.81 on Tuesday. The company has a market capitalization of $6.13 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. WEX Inc. has a twelve month low of $146.03 and a twelve month high of $244.04. The business’s 50 day moving average is $164.45 and its two-hundred day moving average is $180.17. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. Equities analysts forecast that WEX Inc. will post 14.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Bank of America cut shares of WEX from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Mizuho reduced their price target on WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Citigroup cut WEX from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $260.00 to $190.00 in a research report on Tuesday, January 14th. William Blair reaffirmed a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Finally, Robert W. Baird set a $186.00 price objective on WEX in a research report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $195.73.

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.