Sara Trickett Sells 734 Shares of WEX Inc. (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) SVP Sara Trickett sold 734 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $210.43, for a total value of $154,455.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sara Trickett also recently made the following trade(s):

• On Friday, February 16th, Sara Trickett sold 887 shares of WEX stock. The shares were sold at an average price of $224.61, for a total value of $199,229.07.

WEX Stock Up 0.3 %

NYSE WEX opened at $211.30 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.06 and a quick ratio of 1.06. WEX Inc. has a 1 year low of $161.95 and a 1 year high of $244.04. The business’s 50-day moving average is $229.72 and its 200 day moving average is $204.62. The stock has a market capitalization of $8.85 billion, a PE ratio of 34.36, a PEG ratio of 1.22 and a beta of 1.60.

WEX (NYSE:WEX) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.29 by ($0.15). WEX had a return on equity of 30.92% and a net margin of 10.21%. The company had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $656.75 million. Sell-side analysts forecast that WEX Inc. will post 13.96 earnings per share for the current year.

Institutional Trading of WEX

Institutional investors and hedge funds have recently bought and sold shares of the stock. VisionPoint Advisory Group LLC lifted its holdings in WEX by 74.7% in the third quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock worth $27,000 after buying an additional 62 shares during the period. GAMMA Investing LLC purchased a new stake in WEX in the fourth quarter worth about $27,000. Rise Advisors LLC purchased a new position in shares of WEX during the first quarter valued at approximately $29,000. Principal Securities Inc. purchased a new position in shares of WEX during the fourth quarter valued at approximately $31,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of WEX by 896.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 278 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WEX shares. Citigroup increased their target price on WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. William Blair reissued an “outperform” rating on shares of WEX in a research note on Thursday, February 8th. Evercore ISI increased their target price on WEX from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Robert W. Baird raised their price objective on WEX from $272.00 to $285.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, Truist Financial raised their price objective on WEX from $185.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $240.00.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.