WEX Inc. (NYSE:WEX) COO Sells $400,285.97 in Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,897 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $211.01, for a total transaction of $400,285.97. Following the completion of the sale, the chief operating officer now owns 9,408 shares in the company, 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 stock was sold at an average price of $221.85, for a total transaction of $332,775.00.

WEX Stock Performance

Shares of NYSE:WEX opened at $210.03 on Thursday. WEX Inc. has a fifty-two week low of $161.95 and a fifty-two week high of $244.04. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 1.21 and a beta of 1.60. The firm’s 50 day simple moving average is $229.15 and its 200 day simple moving average is $205.04.

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

Analyst Ratings Changes

A number of research firms have commented on WEX. Barclays boosted their price objective on WEX from $255.00 to $280.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Robert W. Baird boosted their target price 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. JPMorgan Chase & Co. increased their price target on shares of WEX from $205.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Citigroup boosted their price objective 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. Finally, Evercore ISI lifted 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. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, WEX currently has an average rating of “Moderate Buy” and a consensus target price of $240.00.

Institutional Investors Weigh In On WEX

Large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of WEX during the 4th quarter valued at about $89,745,000. Kodai Capital Management LP acquired a new position in shares of WEX in the fourth quarter valued at approximately $49,750,000. Wellington Management Group LLP raised its holdings in shares of WEX by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 3,122,500 shares of the business services provider’s stock worth $607,482,000 after acquiring an additional 179,813 shares during the period. Handelsbanken Fonder AB lifted its position in WEX by 2,524.0% in the 4th quarter. Handelsbanken Fonder AB now owns 163,844 shares of the business services provider’s stock valued at $31,876,000 after acquiring an additional 157,600 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in WEX during the 3rd quarter worth about $22,115,000. 97.47% of the stock is currently owned by institutional investors.

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.