Insider Selling: WEX Inc. (NYSE:WEX) COO Sells 1,897 Shares of Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,897 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $211.01, for a total value of $400,285.97. Following the completion of the sale, the chief operating officer now directly owns 9,408 shares of the company’s stock, valued at approximately $1,985,182.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Robert Joseph Deshaies also recently made the following trade(s):

• On Friday, February 23rd, Robert Joseph Deshaies sold 1,500 shares of WEX stock. The shares were sold at an average price of $221.85, for a total transaction of $332,775.00.

WEX Trading Up 1.1 %

Shares of WEX stock opened at $211.66 on Wednesday. WEX Inc. has a 1 year low of $161.95 and a 1 year high of $244.04. The firm’s fifty day simple moving average is $229.31 and its 200 day simple moving average is $205.01. The firm has a market capitalization of $8.87 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 1.22 and a beta of 1.60. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.73.

WEX (NYSE:WEX) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $656.75 million. As a group, sell-side analysts predict that WEX Inc. will post 13.96 EPS for the current year.

Institutional Investors Weigh In On WEX

Institutional investors have recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in WEX during the first quarter worth $29,000. GAMMA Investing LLC acquired a new stake in WEX during the fourth quarter worth $27,000. VisionPoint Advisory Group LLC boosted its stake in WEX by 74.7% during 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 in the last quarter. Principal Securities Inc. acquired a new stake in WEX during the fourth quarter worth $31,000. Finally, Fidelis Capital Partners LLC acquired a new stake in WEX during the first quarter worth $60,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WEX shares. TheStreet raised shares of WEX from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Barclays boosted their price target on WEX from $255.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Jefferies Financial Group increased their price objective on WEX from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, April 12th. Mizuho boosted their target price on WEX from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Finally, Citigroup increased their price target on WEX from $240.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.