Wex Inc (NYSE:WEX) Institutional Investors Sentiment Index Improved in 2018 Q2

October 2, 2018 - By Ellis Scott

WEX Inc. (NYSE:WEX) Logo

Sentiment for Wex Inc (NYSE:WEX)

Wex Inc (NYSE:WEX) institutional sentiment increased to 1.39 in Q2 2018. Its up 0.38, from 1.01 in 2018Q1. The ratio increased, as 146 funds increased and started new stock positions, while 105 cut down and sold holdings in Wex Inc. The funds in our partner’s database now own: 41.38 million shares, down from 42.84 million shares in 2018Q1. Also, the number of funds holding Wex Inc in their top 10 stock positions increased from 8 to 9 for an increase of 1. Sold All: 19 Reduced: 86 Increased: 92 New Position: 54.

WEX Inc. provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. The company has market cap of $8.52 billion. It operates through three divisions: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. It has a 42.44 P/E ratio. The Fleet Solutions segment offers fleet vehicle payment and transaction processing services.

The stock decreased 1.13% or $2.25 during the last trading session, reaching $197.62. About 12,312 shares traded. WEX Inc. (NYSE:WEX) has risen 80.77% since October 2, 2017 and is uptrending. It has outperformed by 65.15% the S&P500.

Analysts await WEX Inc. (NYSE:WEX) to report earnings on November, 7. They expect $1.99 EPS, up 51.91 % or $0.68 from last year’s $1.31 per share. WEX’s profit will be $85.75 million for 24.83 P/E if the $1.99 EPS becomes a reality. After $1.96 actual EPS reported by WEX Inc. for the previous quarter, Wall Street now forecasts 1.53 % EPS growth.

Crestwood Capital Management L.P. holds 6.82% of its portfolio in WEX Inc. for 66,315 shares. Crescent Park Management L.P. owns 140,893 shares or 5.27% of their US portfolio. Moreover, Daruma Capital Management Llc has 4.73% invested in the company for 382,950 shares. The New York-based Bluemar Capital Management Llc has invested 4.21% in the stock. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma, a Massachusetts-based fund reported 968,814 shares.

WEX Inc. (NYSE:WEX) Ratings Coverage

Ratings analysis reveals 67% of WEX’s analysts are positive. Out of 3 Wall Street analysts rating WEX, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $172 while the high is $235. The stock’s average target of $218.33 is 10.48% above today’s ($197.62) share price. WEX was included in 6 notes of analysts from April 26, 2018. Morgan Stanley maintained WEX Inc. (NYSE:WEX) rating on Friday, August 3. Morgan Stanley has “Equal-Weight” rating and $190 target. As per Thursday, July 19, the company rating was maintained by Morgan Stanley. The rating was upgraded by Citigroup on Thursday, April 26 to “Buy”. Citigroup maintained WEX Inc. (NYSE:WEX) rating on Friday, July 20. Citigroup has “Buy” rating and $235 target. Morgan Stanley maintained WEX Inc. (NYSE:WEX) rating on Friday, May 4. Morgan Stanley has “Equal-Weight” rating and $172 target.

Another recent and important WEX Inc. (NYSE:WEX) news was published by Businesswire.com which published an article titled: “WEX Partners with Troovo for Robotic Process Automation of Virtual Card Generation” on September 10, 2018.

WEX Inc. (NYSE:WEX) Institutional Positions Chart

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