WEX Inc. (NYSE:WEX - Get Free Report) SVP Sara Trickett sold 734 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $210.43, for a total value of $154,455.62. The sale was disclosed in a document filed with the SEC, which is available at this link.
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 %
WEX opened at $211.30 on Friday. WEX Inc. has a twelve month low of $161.95 and a twelve month high of $244.04. The company's 50-day moving average price is $229.72 and its two-hundred day moving average price is $204.55. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.22 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.73.
WEX (NYSE:WEX - Get Free Report) last posted 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 net margin of 10.21% and a return on equity of 30.92%. The firm had revenue of $663.30 million during the quarter, compared to analysts' expectations of $656.75 million. As a group, equities analysts expect that WEX Inc. will post 13.96 earnings per share for the current year.
Institutional Investors Weigh In On WEX
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Several large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of WEX by 19,044.7% in the fourth quarter. International Assets Investment Management LLC now owns 35,992 shares of the business services provider's stock worth $7,002,000 after acquiring an additional 35,804 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of WEX by 2.7% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 866,363 shares of the business services provider's stock valued at $177,076,000 after purchasing an additional 22,865 shares during the period. Handelsbanken Fonder AB lifted its holdings in WEX by 2,524.0% during the 4th quarter. Handelsbanken Fonder AB now owns 163,844 shares of the business services provider's stock worth $31,876,000 after purchasing an additional 157,600 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in WEX by 56.1% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 141,287 shares of the business services provider's stock worth $26,575,000 after purchasing an additional 50,771 shares during the period. Finally, Burney Co. grew its holdings in WEX by 131.1% during the 3rd quarter. Burney Co. now owns 21,120 shares of the business services provider's stock valued at $3,972,000 after buying an additional 11,983 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company's stock.
Wall Street Analysts Forecast Growth
WEX has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price target on WEX from $235.00 to $240.00 and gave the company a "hold" rating in a research note on Friday, April 12th. Mizuho boosted their target price on WEX from $225.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, February 13th. Citigroup boosted their price objective on WEX from $240.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. 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 report on Monday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on WEX from $205.00 to $239.00 and gave the company a "neutral" rating in a research report 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, WEX has a consensus rating of "Moderate Buy" and an average price target of $240.00.
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About WEX
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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.
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