WEX Inc. (NYSE:WEX) CAO Sells $253,860.00 in Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 1,200 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $211.55, for a total value of $253,860.00. Following the completion of the sale, the chief accounting officer now directly owns 1,909 shares of the company’s stock, valued at approximately $403,848.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jennifer Kimball also recently made the following trade(s):

• On Friday, February 16th, Jennifer Kimball sold 574 shares of WEX stock. The shares were sold at an average price of $222.24, for a total value of $127,565.76.

WEX Stock Performance

Shares of WEX opened at $210.03 on Thursday. The stock has a 50-day moving average price of $229.15 and a 200-day moving average price of $205.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.73. The company has a market cap of $8.80 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.21 and a beta of 1.60. WEX Inc. has a 12-month low of $161.95 and a 12-month high of $244.04.

WEX (NYSE:WEX) last posted its earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). The firm had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $656.75 million. WEX had a return on equity of 30.92% and a net margin of 10.21%. As a group, equities analysts forecast that WEX Inc. will post 13.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WEX shares. Robert W. Baird lifted their price target on shares of WEX from $272.00 to $285.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. TheStreet raised shares of WEX from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Citigroup lifted their price target on shares of WEX from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price objective on WEX from $205.00 to $239.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, Jefferies Financial Group boosted their price target on shares of WEX from $235.00 to $240.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

Institutional Investors Weigh In On WEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEX. CWM LLC boosted its stake in WEX by 15.6% in the 4th quarter. CWM LLC now owns 377 shares of the business services provider’s stock worth $73,000 after purchasing an additional 51 shares during the period. VisionPoint Advisory Group LLC boosted its position in WEX by 74.7% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after buying an additional 62 shares during the period. Los Angeles Capital Management LLC grew its position in shares of WEX by 4.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,733 shares of the business services provider’s stock worth $337,000 after buying an additional 72 shares in the last quarter. Bath Savings Trust Co lifted its position in shares of WEX by 0.3% in the 4th quarter. Bath Savings Trust Co now owns 27,284 shares of the business services provider’s stock worth $5,308,000 after purchasing an additional 80 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of WEX by 0.7% in the 3rd quarter. Arizona State Retirement System now owns 12,198 shares of the business services provider’s stock valued at $2,294,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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.