Janus Henderson Group PLC Sells 119,436 Shares of WEX Inc (WEX)

Janus Henderson Group PLC decreased its holdings in shares of WEX Inc (NYSE:WEX) by 3.0% during the third quarter, HoldingsChannel reports. The firm owned 3,847,890 shares of the business services provider’s stock after selling 119,436 shares during the period. Janus Henderson Group PLC owned 0.09% of WEX worth $772,502,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. TRUE Private Wealth Advisors bought a new position in WEX during the third quarter valued at $103,000. Cutler Group LP increased its position in WEX by 133.3% during the second quarter. Cutler Group LP now owns 700 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 400 shares during the last quarter. Parallel Advisors LLC bought a new position in WEX during the third quarter valued at $166,000. NumerixS Investment Technologies Inc increased its position in WEX by 150.0% during the second quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the business services provider’s stock valued at $191,000 after acquiring an additional 600 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new position in WEX during the second quarter valued at $214,000. 99.04% of the stock is currently owned by institutional investors.

WEX stock opened at $159.64 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.16. WEX Inc has a twelve month low of $118.40 and a twelve month high of $203.49. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.40 and a beta of 1.73.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, October 31st. The business services provider reported $2.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.07. The business had revenue of $382.70 million for the quarter, compared to analysts’ expectations of $375.15 million. WEX had a net margin of 15.63% and a return on equity of 16.92%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 earnings per share. As a group, analysts anticipate that WEX Inc will post 7.59 EPS for the current fiscal year.

A number of research analysts have weighed in on WEX shares. Morgan Stanley boosted their price objective on shares of WEX from $188.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, August 3rd. SunTrust Banks reiterated a “buy” rating and set a $215.00 price objective on shares of WEX in a research report on Friday, August 3rd. Zacks Investment Research upgraded shares of WEX from a “hold” rating to a “buy” rating and set a $211.00 price objective on the stock in a research report on Saturday, October 13th. Wells Fargo & Co upgraded shares of WEX from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $190.00 to $200.00 in a research report on Thursday, November 1st. Finally, ValuEngine cut shares of WEX from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. WEX currently has an average rating of “Buy” and an average price target of $202.90.

WEX Company Profile

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. 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 and processing services.

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