Universal Beteiligungs und Servicegesellschaft mbH Grows Position in WEX Inc. $WEX

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of WEX Inc. (NYSE:WEX) by 72.5% during the 3rd quarter, Holdings Channel reports. The fund owned 10,789 shares of the business services provider’s stock after purchasing an additional 4,535 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in WEX were worth $1,700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in WEX by 158.3% in the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after purchasing an additional 215,036 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of WEX in the 1st quarter worth $394,000. Truist Financial Corp increased its holdings in shares of WEX by 8.7% in the 2nd quarter. Truist Financial Corp now owns 2,725 shares of the business services provider’s stock worth $400,000 after buying an additional 219 shares during the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of WEX during the 2nd quarter valued at about $314,000. Finally, Hilltop National Bank bought a new position in shares of WEX in the 2nd quarter valued at about $95,000. 97.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WEX

In other news, CAO Jennifer Kimball sold 494 shares of WEX stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the sale, the chief accounting officer owned 3,671 shares of the company’s stock, valued at approximately $555,789.40. The trade was a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Robert Joseph Deshaies sold 1,506 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $149.62, for a total value of $225,327.72. Following the completion of the transaction, the chief operating officer directly owned 15,699 shares in the company, valued at approximately $2,348,884.38. This trade represents a 8.75% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by corporate insiders.

WEX Stock Performance

WEX stock opened at $153.65 on Friday. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $187.44. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.17 and a beta of 0.99. The business’s fifty day simple moving average is $153.43 and its two-hundred day simple moving average is $158.25. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.33.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.14. The firm had revenue of $691.80 million for the quarter, compared to analysts’ expectations of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.10%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.35 earnings per share. Analysts predict that WEX Inc. will post 14.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

WEX has been the topic of several analyst reports. Bank of America raised WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective on the stock in a research note on Wednesday, October 22nd. UBS Group dropped their target price on WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of WEX from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, WEX currently has an average rating of “Hold” and an average target price of $170.25.

WEX Company Profile

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.