Jane Street Group LLC Buys 1,760 Shares of WEX Inc (WEX)

Jane Street Group LLC boosted its holdings in shares of WEX Inc (NYSE:WEX) by 98.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,546 shares of the business services provider’s stock after buying an additional 1,760 shares during the period. Jane Street Group LLC’s holdings in WEX were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in WEX. New York State Common Retirement Fund increased its position in WEX by 2.3% during the 3rd quarter. New York State Common Retirement Fund now owns 87,800 shares of the business services provider’s stock valued at $9,853,000 after buying an additional 2,000 shares in the last quarter. Ameriprise Financial Inc. increased its position in WEX by 4.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 118,650 shares of the business services provider’s stock valued at $13,315,000 after buying an additional 5,025 shares in the last quarter. Legal & General Group Plc increased its position in WEX by 6.5% during the 3rd quarter. Legal & General Group Plc now owns 43,674 shares of the business services provider’s stock valued at $4,901,000 after buying an additional 2,675 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in WEX by 7.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 206,735 shares of the business services provider’s stock valued at $23,200,000 after buying an additional 15,109 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in WEX by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 359,529 shares of the business services provider’s stock valued at $40,348,000 after buying an additional 9,819 shares in the last quarter.

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Shares of WEX stock opened at $153.27 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $6,595.52, a PE ratio of 32.61, a PEG ratio of 1.53 and a beta of 1.80. WEX Inc has a fifty-two week low of $97.26 and a fifty-two week high of $163.26.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.16. The business had revenue of $331.30 million for the quarter, compared to analyst estimates of $327.19 million. WEX had a return on equity of 13.01% and a net margin of 12.82%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 earnings per share. research analysts anticipate that WEX Inc will post 6.99 EPS for the current year.

Several brokerages recently issued reports on WEX. ValuEngine raised WEX from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Mizuho reaffirmed a “buy” rating and set a $180.00 target price on shares of WEX in a research report on Thursday, January 4th. Credit Suisse Group reaffirmed an “outperform” rating and set a $176.00 target price (up from $167.00) on shares of WEX in a research report on Thursday, February 22nd. Morgan Stanley upped their target price on WEX from $123.00 to $149.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Finally, Wells Fargo set a $160.00 target price on WEX and gave the company a “hold” rating in a research report on Thursday, February 22nd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. WEX presently has an average rating of “Buy” and a consensus price target of $149.86.

In other news, insider Nicola S. Morris sold 2,700 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $149.47, for a total value of $403,569.00. Following the transaction, the insider now directly owns 6,387 shares of the company’s stock, valued at $954,664.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.00% of the stock is currently owned by corporate insiders.

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WEX Profile

WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.

Institutional Ownership by Quarter for WEX (NYSE:WEX)

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