Teachers Retirement System of The State of Kentucky Sells 1,032 Shares of WEX Inc. (NYSE:WEX)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of WEX Inc. (NYSE:WEX) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,100 shares of the business services provider’s stock after selling 1,032 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of WEX worth $4,688,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. CWM LLC grew its stake in shares of WEX by 15.6% during the fourth quarter. CWM LLC now owns 377 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 51 shares during the last quarter. VisionPoint Advisory Group LLC boosted its stake in WEX by 74.7% in the third quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 62 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in WEX by 4.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,733 shares of the business services provider’s stock valued at $337,000 after acquiring an additional 72 shares during the last quarter. Bath Savings Trust Co boosted its stake in WEX by 0.3% in the fourth quarter. Bath Savings Trust Co now owns 27,284 shares of the business services provider’s stock valued at $5,308,000 after acquiring an additional 80 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in WEX by 5.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,893 shares of the business services provider’s stock valued at $368,000 after acquiring an additional 94 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WEX shares. Evercore ISI raised their price objective on shares of WEX from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Citigroup raised their price objective on shares of WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Robert W. Baird raised their price objective on shares of WEX from $272.00 to $285.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Jefferies Financial Group raised their price objective on shares of WEX from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Finally, Wells Fargo & Company started coverage on shares of WEX in a research note on Wednesday, June 5th. They issued an “equal weight” rating and a $200.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $237.14.

Insider Buying and Selling

In other WEX news, SVP Sara Trickett sold 734 shares of WEX stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $210.43, for a total value of $154,455.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other WEX news, CAO Jennifer Kimball sold 1,200 shares of WEX stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $211.55, for a total value of $253,860.00. Following the sale, the chief accounting officer now directly owns 1,909 shares in the company, valued at approximately $403,848.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sara Trickett sold 734 shares of WEX stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $210.43, for a total transaction of $154,455.62. The disclosure for this sale can be found here. Insiders have sold a total of 3,831 shares of company stock worth $808,602 over the last ninety days. Company insiders own 1.10% of the company’s stock.

WEX Trading Up 0.7 %

Shares of NYSE:WEX opened at $170.59 on Tuesday. WEX Inc. has a 12 month low of $161.95 and a 12 month high of $244.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.73. The company’s fifty day simple moving average is $204.23 and its 200 day simple moving average is $208.21. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 0.98 and a beta of 1.56.

WEX (NYSE:WEX) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.15. WEX had a net margin of 10.21% and a return on equity of 30.92%. The business had revenue of $652.70 million for the quarter, compared to analyst estimates of $653.52 million. As a group, research analysts forecast that WEX Inc. will post 13.98 EPS for the current fiscal year.

About WEX

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.