Westfield Capital Management Company LP Has Lowered Its Stake in Wex INC (WEX) by $20.42 Million

October 13, 2018 - By olga

WEX Inc. (NYSE:WEX) LogoInvestors sentiment increased to 1.39 in 2018 Q2. Its up 0.38, from 1.01 in 2018Q1. It increased, as 19 investors sold WEX shares while 86 reduced holdings. 54 funds opened positions while 92 raised stakes. 41.38 million shares or 3.41% less from 42.84 million shares in 2018Q1 were reported. Brown Advisory, a Maryland-based fund reported 237,213 shares. Timessquare Cap Mgmt Limited Liability Company holds 545,997 shares. Hartford Invest Mngmt Company reported 1,125 shares. Utah Retirement invested in 0.03% or 7,600 shares. Lpl Financial Lc owns 5,229 shares. Par Capital Management Incorporated holds 1.47% or 685,000 shares. Vigilant Mgmt Ltd Com holds 100 shares. Aqr Capital Mgmt Limited Liability Corp stated it has 0% of its portfolio in WEX Inc. (NYSE:WEX). Nelson Van Denburg And Campbell Wealth Gru Limited Company reported 0.07% stake. Braun Stacey reported 96,524 shares. Earnest Partners Ltd Liability Corporation has 26 shares for 0% of their portfolio. Renaissance Techs reported 264,300 shares. Williams Jones And Assocs Limited Liability Co holds 1.03% or 244,350 shares. Massmutual Fsb Adv has 0% invested in WEX Inc. (NYSE:WEX). Citadel Advsr Ltd Limited Liability Company has invested 0.03% in WEX Inc. (NYSE:WEX).

Westfield Capital Management Company Lp decreased its stake in Wex Inc (WEX) by 22.08% based on its latest 2018Q2 regulatory filing with the SEC. Westfield Capital Management Company Lp sold 107,459 shares as the company’s stock rose 4.91% with the market. The institutional investor held 379,249 shares of the business services company at the end of 2018Q2, valued at $72.24 million, down from 486,708 at the end of the previous reported quarter. Westfield Capital Management Company Lp who had been investing in Wex Inc for a number of months, seems to be less bullish one the $7.86 billion market cap company. The stock increased 3.17% or $5.61 during the last trading session, reaching $182.44. About 374,464 shares traded or 15.77% up from the average. WEX Inc. (NYSE:WEX) has risen 80.77% since October 13, 2017 and is uptrending. It has outperformed by 65.15% the S&P500.

Westfield Capital Management Company Lp, which manages about $17.38B and $13.40 billion US Long portfolio, upped its stake in Santander Consumer Usa Hdg I (NYSE:SC) by 491,720 shares to 1.20M shares, valued at $22.85M in 2018Q2, according to the filing. It also increased its holding in Raymond James Financial Inc (NYSE:RJF) by 52,025 shares in the quarter, for a total of 443,579 shares, and has risen its stake in Black Knight Inc.

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 $85.76 million for 22.92 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.

More news for WEX Inc. (NYSE:WEX) were recently published by: Investorplace.com, which released: “WEX Stock Still Has Room to Grow” on October 08, 2018. Businesswire.com‘s article titled: “WEX Partners with Payment Logic for Robotic Process Automation of Car Registration Payments for Fleets” and published on October 09, 2018 is yet another important article.

WEX Inc. (NYSE:WEX) Ratings Coverage

Among 3 analysts covering WEX (NYSE:WEX), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. WEX had 6 analyst reports since April 26, 2018 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Friday, July 20. Morgan Stanley maintained it with “Equal-Weight” rating and $190 target in Friday, August 3 report. As per Thursday, July 19, the company rating was maintained by Morgan Stanley. On Friday, May 4 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of WEX Inc. (NYSE:WEX) has “Buy” rating given on Thursday, April 26 by Citigroup.

WEX Inc. (NYSE:WEX) Institutional Positions Chart

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