Wex Inc. (NYSE:WEX) rose 2.6% during mid-day trading on Thursday . The stock traded as high as $91.79 and last traded at $90.39, with a volume of 129,008 shares. The stock had previously closed at $88.14.

WEX has been the topic of several research reports. Keefe, Bruyette & Woods upped their target price on Wex from $75.00 to $95.00 in a research report on Tuesday, April 12th. Zacks Investment Research raised Wex from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Wednesday, April 27th. Morgan Stanley increased their price objective on Wex from $75.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, April 28th. Barclays PLC raised Wex from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $80.00 to $98.00 in a report on Thursday. Finally, Evercore ISI increased their price objective on Wex from $69.00 to $70.00 and gave the company a “hold” rating in a report on Monday, April 4th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $87.47.

The company has a 50 day moving average price of $90.34 and a 200 day moving average price of $81.59. The stock has a market capitalization of $3.49 billion and a P/E ratio of 34.17.

Wex (NYSE:WEX) last released its earnings results on Wednesday, April 27th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. During the same quarter in the previous year, the company posted $1.19 EPS. The company had revenue of $205.90 million for the quarter, compared to the consensus estimate of $199.38 million. The business’s revenue was up 1.8% on a year-over-year basis. Analysts expect that Wex Inc. will post $4.26 earnings per share for the current fiscal year.

A number of hedge funds recently added to or reduced their stakes in WEX. Janus Capital Management raised its stake in Wex by 65.5% in the third quarter. Janus Capital Management now owns 1,570,948 shares of the company’s stock valued at $136,421,000 after buying an additional 621,512 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Wex by 12.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 35,159 shares of the company’s stock valued at $3,108,000 after buying an additional 3,931 shares during the last quarter. Retirement Systems of Alabama raised its stake in Wex by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 49,653 shares of the company’s stock valued at $4,389,000 after buying an additional 635 shares during the last quarter. California State Teachers Retirement System raised its stake in Wex by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 71,641 shares of the company’s stock valued at $6,333,000 after buying an additional 1,154 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Wex by 7.7% in the fourth quarter. American Century Companies Inc. now owns 42,705 shares of the company’s stock valued at $3,775,000 after buying an additional 3,057 shares during the last quarter.

WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.

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