Jan 19, 2025

Burney Co. Sells 15,263 Shares of WEX Inc. (NYSE:WEX) Posted by MarketBeat News on Jan 19th, 2025 Burney Co. lessened its stake in shares of WEX Inc. ( NYSE:WEX – Free Report ) by 92.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,264 shares of the business services provider’s stock after selling 15,263 shares during the period. Burney Co.’s holdings in WEX were worth $222,000 at the end of the most recent reporting period. A number of other hedge funds have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its stake in WEX by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider’s stock worth $873,251,000 after acquiring an additional 25,365 shares during the period. FMR LLC increased its stake in shares of WEX by 8.8% in the 3rd quarter. FMR LLC now owns 1,555,507 shares of the business services provider’s stock valued at $326,237,000 after purchasing an additional 125,262 shares during the last quarter. State Street Corp increased its stake in shares of WEX by 0.3% in the 3rd quarter. State Street Corp now owns 1,240,953 shares of the business services provider’s stock valued at $260,265,000 after purchasing an additional 3,882 shares during the last quarter. River Road Asset Management LLC increased its stake in shares of WEX by 5.0% in the 3rd quarter. River Road Asset Management LLC now owns 720,465 shares of the business services provider’s stock valued at $151,103,000 after purchasing an additional 34,264 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of WEX by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 495,527 shares of the business services provider’s stock valued at $87,772,000 after purchasing an additional 126,663 shares during the last quarter. Institutional investors own 97.47% of the company’s stock. Get WEX alerts: WEX Price Performance Shares of WEX opened at $184.40 on Friday. The stock has a market cap of $7.34 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.23 and a beta of 1.58. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.04 and a current ratio of 1.04. WEX Inc. has a fifty-two week low of $165.51 and a fifty-two week high of $244.04. The firm’s 50-day simple moving average is $178.78 and its two-hundred day simple moving average is $186.07. Want More Great Investing Ideas? Insiders Place Their Bets In other news, COO Robert Joseph Deshaies sold 175 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $189.44, for a total transaction of $33,152.00. Following the sale, the chief operating officer now directly owns 7,582 shares in the company, valued at $1,436,334.08. This trade represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Insiders own 1.10% of the company’s stock. WEX Company Profile 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. Featured Articles