Simplex Trading adds WEX Inc (WEX) to its portfolio

WEX Inc (WEX) : Simplex Trading added new position in WEX Inc during the most recent quarter end. The investment management firm now holds 3,926 shares of WEX Inc which is valued at $408,304 , the company said in a statement filed on Oct 7, 2016 with the SEC.WEX Inc makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in WEX by selling 6,340 shares or 56.71% in the most recent quarter. The Hedge Fund company now holds 4,840 shares of WEX which is valued at $503,360. WEX Inc makes up approx 0.07% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in WEX by selling 11,267 shares or 60.29% in the most recent quarter. The Hedge Fund company now holds 7,422 shares of WEX which is valued at $788,736.Bath Savings Trust Co reduced its stake in WEX by selling 930 shares or 13.38% in the most recent quarter. The Hedge Fund company now holds 6,019 shares of WEX which is valued at $639,639. WEX Inc makes up approx 0.20% of Bath Savings Trust Co’s portfolio.

WEX Inc closed down -1.97 points or -1.86% at $104 with 3,55,297 shares getting traded on Friday. Post opening the session at $106.08, the shares hit an intraday low of $103.49 and an intraday high of $106.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, WEX Inc reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.01. The company had revenue of $233.90 million for the quarter, compared to analysts expectations of $223.25 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.

Many Wall Street Analysts have commented on WEX Inc. WEX Inc was Upgraded by CLSA to ” Outperform” on Sep 1, 2016.

WEX Inc. is a provider of corporate payment solutions. The Company operates in two segments: Fleet Payment Solutions and Other Payment Solutions. The Company’s Fleet Payment Solutions segment provides customers with fleet vehicle payment processing services for commercial and Government fleets. Its Other Payment Solutions segment comprises its virtual healthcare paycard and prepaid products. The Company’s United States operations include the Company and its wholly owned subsidiaries WEX Bank FleetOne and Evolution1. Its international operations include its wholly owned subsidiaries WEX Fuel Cards Australia WEX Prepaid Cards Australia WEX New Zealand WEX Europe Limited UNIK S.A. and WEX Europe Services Limited and its subsidiaries.

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