Vigilant Capital Management Exits Position in WEX Inc (WEX)

WEX Inc (WEX) : Vigilant Capital Management has sold out all of its stake in WEX Inc during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 25 shares of WEX Inc which is valued at $2,613.

Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in WEX during the most recent quarter. The investment firm sold 7,700 shares of WEX which is valued $797,566.Oregon Public Employees Retirement Fund boosted its stake in WEX in the latest quarter, The investment management firm added 267 additional shares and now holds a total of 13,126 shares of WEX Inc which is valued at $1,383,743. WEX Inc makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio. Raymond James Trust N.a. added WEX to its portfolio by purchasing 1,949 company shares during the most recent quarter which is valued at $205,464. WEX Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio. Cutler Group Lp added WEX to its portfolio by purchasing 835 company shares during the most recent quarter which is valued at $88,026. WEX Inc makes up approx 0.01% of Cutler Group Lp’s portfolio. Simplex Trading added WEX to its portfolio by purchasing 3,926 company shares during the most recent quarter which is valued at $408,304. WEX Inc makes up approx 0.05% of Simplex Trading’s portfolio.

WEX Inc opened for trading at $104.62 and hit $106.15 on the upside on Friday, eventually ending the session at $104.53, with a gain of 0.73% or 0.76 points. The heightened volatility saw the trading volume jump to 2,89,387 shares. Company has a market cap of $4,466 M.

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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