Nuveen Pennsylvania Quality Mun (NQP) Trades at $12.59 After Triangle; Davidson Kempner Capital Management LP Lifted By $5.82 Million Its Wex (WEX) Holding

June 14, 2018 - By Annabelle Johnson

WEX Inc. (NYSE:WEX) Logo

Davidson Kempner Capital Management Lp increased Wex Inc (WEX) stake by 29.26% reported in 2018Q1 SEC filing. Davidson Kempner Capital Management Lp acquired 37,301 shares as Wex Inc (WEX)’s stock rose 15.45%. The Davidson Kempner Capital Management Lp holds 164,801 shares with $25.81M value, up from 127,500 last quarter. Wex Inc now has $8.19B valuation. The stock increased 0.33% or $0.62 during the last trading session, reaching $190.04. About 324,405 shares traded. WEX Inc. (NYSE:WEX) has risen 72.80% since June 14, 2017 and is uptrending. It has outperformed by 60.23% the S&P500. Some Historical WEX News: ; 09/04/2018 – WEX to Modify Presentation of Some Line Items in Financials, Starting in 1Q; 04/05/2018 – Infinisource Benefit Services wins CDH Platform Partner of the Year Award from WEX Health, Inc; 03/05/2018 – WEX Sees 2Q Rev $357M-$367M; 02/04/2018 – Fidelity Advisor Tech Adds Intuit, Exits Wex, Cuts Facebook; 26/04/2018 – WEX INC WEX.N : CITIGROUP RAISES TARGET PRICE TO $200 FROM $165; 02/04/2018 – Fidelity Select Tech Adds Intuit, Exits Wex, Cuts Facebook; 10/04/2018 – WEX Inc. and Mike Albert Fleet Solutions Extend Partnership; 15/05/2018 – WEX Health Unveils Chatbot as a Winner in Inaugural Innovation Challenge; 25/04/2018 – WEX and Raízen establish a partnership to exploit the freight sector; segment amounts to BRL 100 billion/year spend in Brazil; 03/05/2018 – WEX INC WEX.N FY2018 SHR VIEW $7.68 — THOMSON REUTERS l/B/E/S

Nuveen Pennsylvania Quality Mun (NQP) formed triangle with $11.46 target or 9.00% below today’s $12.59 share price. Nuveen Pennsylvania Quality Mun (NQP) has $475.33M valuation. The stock decreased 0.08% or $0.01 during the last trading session, reaching $12.59. About 26,647 shares traded. Nuveen Pennsylvania Quality Mun (NYSE:NQP) has declined 6.53% since June 14, 2017 and is downtrending. It has underperformed by 19.10% the S&P500.

Among 19 analysts covering WEX (NYSE:WEX), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. WEX had 68 analyst reports since August 14, 2015 according to SRatingsIntel. JP Morgan upgraded the stock to “Neutral” rating in Friday, April 29 report. Citigroup maintained WEX Inc. (NYSE:WEX) on Friday, November 3 with “Neutral” rating. The firm has “Buy” rating given on Monday, June 5 by Deutsche Bank. The firm has “Buy” rating given on Thursday, April 26 by Citigroup. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, March 14. Barclays Capital maintained it with “Equal-Weight” rating and $170 target in Thursday, February 22 report. Keefe Bruyette & Woods maintained it with “Buy” rating and $13000 target in Sunday, August 13 report. Jefferies maintained WEX Inc. (NYSE:WEX) on Monday, June 5 with “Buy” rating. On Friday, January 22 the stock rating was upgraded by Wells Fargo to “Outperform”.

Investors sentiment decreased to 1.01 in 2018 Q1. Its down 0.24, from 1.25 in 2017Q4. It turned negative, as 12 investors sold WEX shares while 96 reduced holdings. 36 funds opened positions while 73 raised stakes. 42.84 million shares or 6.71% less from 45.93 million shares in 2017Q4 were reported. Teacher Retirement Of Texas holds 0.01% of its portfolio in WEX Inc. (NYSE:WEX) for 8,536 shares. Glaxis Cap Limited Liability Com reported 1.19% of its portfolio in WEX Inc. (NYSE:WEX). Moreover, Nomura Holdg has 0% invested in WEX Inc. (NYSE:WEX) for 1,851 shares. Lpl Finance Lc holds 0% or 3,578 shares. Utah Retirement accumulated 0.02% or 7,200 shares. Atlantic Trust Group Ltd holds 0.06% in WEX Inc. (NYSE:WEX) or 89,987 shares. Moreover, Pnc Financial Serv Grp has 0.04% invested in WEX Inc. (NYSE:WEX). 51,758 were reported by Retirement Systems Of Alabama. Bessemer Inc reported 243 shares or 0% of all its holdings. Sei, Pennsylvania-based fund reported 66,906 shares. Shelton Capital has 0.03% invested in WEX Inc. (NYSE:WEX) for 2,900 shares. Voloridge Invest Limited Liability Corporation reported 2,538 shares. Franklin reported 0.02% of its portfolio in WEX Inc. (NYSE:WEX). Macquarie Group Ltd holds 0% or 16,549 shares. Emerald Mutual Fund Advisers Trust reported 0.05% of its portfolio in WEX Inc. (NYSE:WEX).

More recent WEX Inc. (NYSE:WEX) news were published by: Businesswire.com which released: “WEX Inc. to Present at the William Blair Growth Stock Conference” on May 30, 2018. Also Businesswire.com published the news titled: “WEX Reaches Agreement with Shell for New Commercial Fleet Cards Portfolio” on June 04, 2018. Investorplace.com‘s news article titled: “Here’s Why You Should Bet on ICF International Inc (ICFI) Stock” with publication date: June 11, 2018 was also an interesting one.

Davidson Kempner Capital Management Lp decreased Pensare Acquisition Corp stake by 150,000 shares to 1.85M valued at $19.22 million in 2018Q1. It also reduced Autozone Inc (Call) (NYSE:AZO) stake by 65,180 shares and now owns 25,000 shares. Gms Inc was reduced too.

WEX Inc. (NYSE:WEX) Institutional Positions Chart