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

WEX has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their price objective on shares of Wex from $75.00 to $95.00 in a research note on Tuesday, April 12th. Evercore ISI upped their price objective on shares of Wex from $69.00 to $70.00 and gave the company a “hold” rating in a research note on Monday, April 4th. SunTrust Banks Inc. initiated coverage on shares of Wex in a research note on Friday, June 24th. They issued a “neutral” rating and a $100.00 price objective for the company. Zacks Investment Research raised shares of Wex from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Wednesday, April 27th. Finally, Barclays PLC raised shares of Wex from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $80.00 to $98.00 in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Wex has a consensus rating of “Hold” and a consensus price target of $87.47.

The stock has a 50-day moving average of $90.53 and a 200 day moving average of $81.69. The firm has a market capitalization of $3.59 billion and a P/E ratio of 35.11.

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

Other large investors have made changes to their positions in the company. Montag & Caldwell LLC boosted its stake in shares of Wex by 30.5% in the fourth quarter. Montag & Caldwell LLC now owns 12,501 shares of the company’s stock valued at $1,105,000 after buying an additional 2,925 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Wex by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 26,287 shares of the company’s stock worth $2,324,000 after buying an additional 393 shares during the period. State Board of Administration of Florida Retirement System boosted its position 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 worth $3,108,000 after buying an additional 3,931 shares during the period. American Century Companies Inc. boosted its position in Wex by 7.7% in the fourth quarter. American Century Companies Inc. now owns 42,705 shares of the company’s stock worth $3,775,000 after buying an additional 3,057 shares during the period. Finally, Retirement Systems of Alabama boosted its position in Wex by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 49,653 shares of the company’s stock worth $4,389,000 after buying an additional 635 shares during the period.

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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