Warburg Pincus Llc. is Buying Wex Inc. (NYSE:WEX) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Wex Inc. (NYSE:WEX) reported that Warburg Pincus Llc. has picked up 2,567,207 of common stock as of 2017-05-03.

The acquisition brings the aggregate amount owned by Warburg Pincus Llc. to a total of 2,567,207 representing less than 6.0% stake in the company.

For those not familiar with the company, WEX Inc. is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets. The Travel and Corporate Solutions segment focuses on the complex payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs. The Health and Employee Benefit Solutions segment provides healthcare payment products and software as a service consumer directed platforms, as well as payroll related benefits to customers in Brazil. The United States operations include the Company and its subsidiaries WEX Bank, WEX FleetOne, Electronic Funds Source LLC and WEX Health.

A glance at Wex Inc. (NYSE:WEX)’s key stats reveals a current market capitalization of 4.06 Billion based on 42.74 Million shares outstanding and a price at last close of $98.76 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-02-29, Dubyak picked up 3,800 at a purchase price of $66.37. This brings their total holding to 85,167 as of the date of the filing.

On the sell side, the most recent transaction saw Dubyak unload 5,500 shares at a sale price of $109.94. This brings their total holding to 44,416.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Wex Inc. (NYSE:WEX) as things move forward to see if its progress aligns with these transactions.

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