WEX Inc. (NYSE:WEX - Get Free Report) CAO Jennifer Kimball sold 1,200 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $211.55, for a total value of $253,860.00. Following the sale, the chief accounting officer now directly owns 1,909 shares in the company, valued at $403,848.95. The transaction was disclosed in a document filed 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 Down 0.9 %
Shares of WEX opened at $209.39 on Tuesday. The business's 50 day moving average is $229.49 and its 200 day moving average is $204.84. The company has a market capitalization of $8.77 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.60. WEX Inc. has a 12-month low of $161.95 and a 12-month high of $244.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.73.
WEX (NYSE:WEX - Get Free Report) last issued its 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 business had revenue of $663.30 million for the quarter, compared to the consensus estimate of $656.75 million. WEX had a net margin of 10.21% and a return on equity of 30.92%. Research analysts expect that WEX Inc. will post 13.96 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
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Several brokerages have issued reports on WEX. Citigroup raised their target price on 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. raised their target price on WEX from $205.00 to $239.00 and gave the stock a "neutral" rating in a research report on Friday, February 9th. Jefferies Financial Group raised their target price on WEX from $235.00 to $240.00 and gave the stock a "hold" rating in a research report on Friday, April 12th. Robert W. Baird raised their target price on WEX from $272.00 to $285.00 and gave the stock an "outperform" rating in a research report on Monday, April 15th. Finally, Mizuho raised their target price on WEX from $225.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $240.00.
Read Our Latest Report on WEX
Institutional Trading of WEX
Several institutional investors and hedge funds have recently added to or reduced their stakes in WEX. VisionPoint Advisory Group LLC raised its stake in WEX by 74.7% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider's stock valued at $27,000 after purchasing an additional 62 shares during the period. GAMMA Investing LLC purchased a new position in WEX during the 4th quarter valued at approximately $27,000. Rise Advisors LLC purchased a new position in WEX during the 1st quarter valued at approximately $29,000. Principal Securities Inc. purchased a new position in WEX during the 4th quarter valued at approximately $31,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of WEX by 896.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the business services provider's stock worth $58,000 after purchasing an additional 278 shares during the period. Institutional investors own 97.47% of the company's stock.
About WEX
(
Get Free Report)
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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