Bessemer Group Inc. holds an $89.59 million ownership stake in WEX Inc.

During the third quarter, Bessemer Group INC reported to the Securities and Exchange Commission in its most recent report that the company had reduced its holdings of WEX INC (NYSE: WEX) by 0.6%, resulting in a decline in its net assets.

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The information provided in this report was included in the report that was presented to the board of directors of Bessemer Group, INC. Following a transaction that involved the exchange of 4,310 shares of the corporation’s stock for cash during the above period, the company ended up with a total of 705,726 shares at the end of the period.

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Based on the results of the most recent fiscal quarter, Bessemer Group INC held approximately 1.62% of WEX, which translates to a market value of $89,585,000 for the company's holdings.

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Additionally, other hedge funds have also changed their positions within the company as a result of recent developments in the industry. Lazard Asset Management LLC provided WEX with a financial contribution of $44,000 during the first three months of 2018 as part of the company's commitment to its mission.

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Since the third quarter of last year, the percentage of WEX shares held by CWM LLC has increased by 99.2%.

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This is after CWM LLC made additional purchases of 132 shares over the most recent quarter, which means that CWM LLC now directly owns 265 shares of the company, which gives the company a market valuation of $34,000 based on the shares it owns.

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CWM LLC has a market capitalization of $34,000, which is the total market cap of the company.

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It is estimated that Wipfli Financial Advisors LLC spent around $43,000 during the third quarter of this year in order to acquire additional WEX stock so that it could increase its holdings in the stock.

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DekaBank Deutsche Girozentrale acquired a new position in WEX during the second quarter of this year.

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It is estimated that this investment was worth approximately $108,000 in total.

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A new holding of approximately $128,000 in value was acquired by Wakefield Asset Management LLLP during the second quarter of the year.

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Having invested money into the company for the first time, this was the first time that the company had done so. In total, 98.65 percent of the shares of the company are held by institutional investors and hedge funds out of a total of 120 million shares.

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There have been several different brokerage firms that have each issued their own statements regarding WEX.

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The Bank of America recently lowered its "buy" rating on WEX and its price objective, which had previously been set at $250.00, in a report to be released on October 20th.

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It has been determined that the new objective price is $180.00.

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The research note published by Morgan Stanley on Friday, which was made available to the general public, increased the company's price target for WEX.

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Compared to the previous price goal of $157.0, the new price goal is $199.00, an increase of $40.00 from the previous price goal.

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As a result, the company assigned the stock the classification of "equal weight".

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The price objective for WEX shares was raised from $200 to $222 in a report published by Robert W. Baird on Friday as part of an upgrade to its price objective.

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In addition, Truist Financial has upgraded its rating for the stock of the company from "market perform" to "outperform. Wex stock's recommendation shifted from "sell" to "hold" in Truist Financial's report published on Friday, and the price objective was increased from $190 to $215.

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This report, which was made public on Friday, reflects both changes.

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Mizuho raised its price objective on WEX from $200 to $220.00 in a research note published on Friday and gave the stock a "buy" rating in a research note published on Friday, which marks the final and most significant upgrade of the stock. According to research analysts, seven of them have assigned a buy rating to the stock, whereas only five of them have assigned a hold rating to the stock.

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In accordance with the website TradeAlgo.com, a company like this is currently rated as having a "Moderate Buy" average, and the consensus price objective for the stock is set at $206.25.

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Trade Algol reported on the 11th of January that a company insider named Hilary A. Rapkin sold 5,270 shares of company stock in the company.

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It has been reported that this sale has taken place.

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There was 922,250.00 worth of shares sold on the open market, which comes out to $175.00 per share for each share that was purchased.

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The insider of the company now owns 12,203 shares of the company as a result of the completion of the transaction, a total value of approximately $2,135,525.

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It is estimated that one percent of the stock of the corporation is owned by the executives, directors, and senior executives collectively.

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In the early hours of Friday morning, the price of a share of WEX was $199.77 at the time that trading started.

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A share of WEX INC traded between $125.00 and $204.05. During the previous year, the price ranged from $125.00 to $204.05.

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There is a price difference between the company's current price, which is $171.69, and its 50-day simple moving average, which is $160.51.

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As a result, there is a debt-to-equity ratio of 1.62, and the quick, current, and current ratios are all equal to 1.12 at the same time.

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In terms of price-to-earnings, the company's P/E ratio is 90.39, and the company has a market value of $8.71 billion as a result of its P/E ratio.

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Its beta value is 1.60, and its price-to-earnings-to-growth ratio is 0.77, which is a measure of its quality.

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WEX INC company is a financial technology company that provides its services to a wide range of customers within the United States and abroad. It is possible to divide the company into three distinct business segments based on the products and services they offer, including Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. Fleet Solutions is able to provide its customers with the ability to process payments, which is something that fleet cars can take advantage of as well. Customer acquisition, account activation, and account maintenance are some of the services that it offers.