Reilly Financial Advisors Cut Nike (NKE) Stake By $1.33 Million; Daruma Capital Management Has Decreased By $4.29 Million Its Wex (WEX) Holding

May 27, 2018 - By Robert Davis

WEX Inc. (NYSE:WEX) Logo

Daruma Capital Management Llc decreased Wex Inc (WEX) stake by 6.62% reported in 2017Q4 SEC filing. Daruma Capital Management Llc sold 30,405 shares as Wex Inc (WEX)’s stock rose 8.53%. The Daruma Capital Management Llc holds 428,755 shares with $60.55 million value, down from 459,160 last quarter. Wex Inc now has $7.64B valuation. The stock decreased 0.85% or $1.52 during the last trading session, reaching $177.38. About 337,254 shares traded. WEX Inc. (NYSE:WEX) has risen 49.86% since May 27, 2017 and is uptrending. It has outperformed by 38.31% the S&P500.

Reilly Financial Advisors Llc decreased Nike Inc (NKE) stake by 10.66% reported in 2017Q4 SEC filing. Reilly Financial Advisors Llc sold 21,442 shares as Nike Inc (NKE)’s stock rose 4.55%. The Reilly Financial Advisors Llc holds 179,717 shares with $11.24 million value, down from 201,159 last quarter. Nike Inc now has $116.45 billion valuation. The stock increased 0.10% or $0.07 during the last trading session, reaching $72.25. About 5.89M shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since May 27, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Investors sentiment decreased to 0.74 in 2017 Q4. Its down 0.06, from 0.8 in 2017Q3. It turned negative, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. Freestone Cap accumulated 600 shares. Omers Administration stated it has 1.89% of its portfolio in NIKE, Inc. (NYSE:NKE). Victory Cap Mgmt reported 55,755 shares. Renaissance Investment Grp Limited Liability holds 0.08% of its portfolio in NIKE, Inc. (NYSE:NKE) for 3,390 shares. Colony Group Incorporated Limited Co has 0.06% invested in NIKE, Inc. (NYSE:NKE) for 15,022 shares. Tru Communications Of Vermont holds 0.71% of its portfolio in NIKE, Inc. (NYSE:NKE) for 121,695 shares. Sei holds 522,940 shares or 0.11% of its portfolio. Homrich & Berg accumulated 3,485 shares. The Maryland-based Sol Mngmt Co has invested 0.2% in NIKE, Inc. (NYSE:NKE). Auxier Asset invested in 20,300 shares or 0.24% of the stock. Livingston Group Incorporated Asset Mngmt (Operating As Southport Management) reported 7,584 shares. Highlander Cap Mngmt Llc holds 1,800 shares. Martingale Asset Mgmt LP invested in 13,937 shares or 0.01% of the stock. Pictet North America Advsr Sa holds 4,000 shares. First Natl Bank Of Hutchinson holds 7,790 shares.

Since December 11, 2017, it had 0 buys, and 9 insider sales for $49.31 million activity. Shares for $9.45M were sold by PARKER MARK G on Tuesday, February 27. Shares for $6.85 million were sold by EDWARDS TREVOR A. $650,000 worth of NIKE, Inc. (NYSE:NKE) was sold by Matheson Monique S.. Another trade for 50,000 shares valued at $3.50M was made by SPRUNK ERIC D on Wednesday, May 16. Another trade for 125,722 shares valued at $7.94M was sold by Slusher John F.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Seekingalpha.com which released: “Nike and Fanatics close in on MLB deal” on May 24, 2018, also Bizjournals.com with their article: “Roster change: Nike, not Under Armour, to get MLB on-field rights” published on May 24, 2018, Seekingalpha.com published: “Nike breaks to new all-time high” on May 16, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Bizjournals.com and their article: “A former Nike executive launches Portland’s first luxury women’s sportswear company” published on May 09, 2018 as well as Streetinsider.com‘s news article titled: “Foot Locker’s Endorsement of North American Inflection Positive for Nike (NKE) – Stifel” with publication date: May 25, 2018.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on July, 5. They expect $0.64 earnings per share, up 6.67% or $0.04 from last year’s $0.6 per share. NKE’s profit will be $1.03B for 28.22 P/E if the $0.64 EPS becomes a reality. After $0.68 actual earnings per share reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 26 have Buy rating, 2 Sell and 16 Hold. Therefore 59% are positive. Nike Inc. had 235 analyst reports since July 29, 2015 according to SRatingsIntel. As per Tuesday, April 11, the company rating was maintained by Deutsche Bank. The firm earned “Buy” rating on Friday, March 23 by Deutsche Bank. The firm earned “Market Perform” rating on Monday, August 24 by Kelsey Advisory Group. Canaccord Genuity maintained NIKE, Inc. (NYSE:NKE) rating on Friday, September 23. Canaccord Genuity has “Hold” rating and $52 target. Deutsche Bank maintained NIKE, Inc. (NYSE:NKE) rating on Thursday, October 26. Deutsche Bank has “Buy” rating and $61.0 target. The stock of NIKE, Inc. (NYSE:NKE) earned “Mkt Perform” rating by FBR Capital on Friday, September 25. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 21. The firm has “Buy” rating by UBS given on Wednesday, June 29. On Wednesday, September 28 the stock rating was maintained by Robert W. Baird with “Outperform”. As per Friday, August 4, the company rating was maintained by Cowen & Co.

Reilly Financial Advisors Llc increased Schwab Strategic Tr (SCHG) stake by 5,458 shares to 18,719 valued at $1.32M in 2017Q4. It also upped Spdr Series Trust (ITR) stake by 10,210 shares and now owns 10,238 shares. Schwab Strategic Tr (SCHV) was raised too.

Daruma Capital Management Llc increased Monotype Imaging Holdings In (NASDAQ:TYPE) stake by 274,420 shares to 2.04 million valued at $49.17 million in 2017Q4. It also upped Healthsouth Corp (NYSE:HLS) stake by 9,308 shares and now owns 1.21M shares. Pacira Pharmaceuticals Inc (NASDAQ:PCRX) was raised too.

Investors sentiment decreased to 1.25 in 2017 Q4. Its down 0.77, from 2.02 in 2017Q3. It turned negative, as 14 investors sold WEX shares while 79 reduced holdings. 49 funds opened positions while 67 raised stakes. 45.93 million shares or 1.50% less from 46.62 million shares in 2017Q3 were reported. 1,460 are held by Panagora Asset Management. Ubs Asset Mngmt Americas Inc reported 29,178 shares. Employees Retirement System Of Texas reported 44,000 shares. Atlantic Gru Ltd Co owns 88,680 shares. Company Bank & Trust invested in 0% or 2,704 shares. Federated Invsts Pa reported 0.01% in WEX Inc. (NYSE:WEX). Alliancebernstein Lp accumulated 24,582 shares. Martin & Tn holds 0.9% or 20,020 shares in its portfolio. Loring Wolcott Coolidge Fiduciary Llp Ma, a Massachusetts-based fund reported 979,252 shares. Westfield Capital Co LP has 425,483 shares. Georgia-based Montag & Caldwell Limited Liability Company has invested 0.02% in WEX Inc. (NYSE:WEX). Arizona State Retirement Sys invested in 0.04% or 28,724 shares. Mason Street Ltd Limited Liability Company has 19,661 shares for 0.06% of their portfolio. City, West Virginia-based fund reported 32 shares. Raymond James Associates reported 7,061 shares.

Analysts await WEX Inc. (NYSE:WEX) to report earnings on July, 26. They expect $1.85 EPS, up 60.87% or $0.70 from last year’s $1.15 per share. WEX’s profit will be $79.70 million for 23.97 P/E if the $1.85 EPS becomes a reality. After $1.66 actual EPS reported by WEX Inc. for the previous quarter, Wall Street now forecasts 11.45% EPS growth.

WEX Inc. (NYSE:WEX) Institutional Positions Chart

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