WEX Inc (NYSE:WEX) was the target of some unusual options trading on Tuesday. Stock traders acquired 1,541 call options on the stock. This represents an increase of approximately 2,101% compared to the typical volume of 70 call options.

Several equities analysts have weighed in on the company. Barclays raised their price target on WEX from $222.00 to $238.00 and gave the company an “overweight” rating in a report on Monday, May 6th. William Blair reiterated an “outperform” rating on shares of WEX in a report on Tuesday, April 30th. Robert W. Baird assumed coverage on WEX in a report on Thursday, April 4th. They issued a “neutral” rating and a $220.00 target price for the company. BTIG Research set a $225.00 target price on WEX and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley lifted their target price on WEX from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. WEX has an average rating of “Buy” and a consensus target price of $203.67.

Shares of WEX stock opened at $203.18 on Thursday. The company has a market capitalization of $8.86 billion, a PE ratio of 26.59, a P/E/G ratio of 1.56 and a beta of 1.53. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.47. WEX has a one year low of $131.35 and a one year high of $212.13.

WEX (NYSE:WEX) last announced its earnings results on Thursday, May 2nd. The business services provider reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.19. WEX had a return on equity of 17.88% and a net margin of 8.84%. The firm had revenue of $381.90 million during the quarter, compared to analysts’ expectations of $379.57 million. During the same quarter in the previous year, the business earned $1.81 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that WEX will post 8.64 earnings per share for the current year.

In other WEX news, CEO Melissa D. Smith sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $195.00, for a total transaction of $975,000.00. Following the completion of the transaction, the chief executive officer now owns 80,783 shares in the company, valued at approximately $15,752,685. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael E. Dubyak sold 1,048 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $204.31, for a total value of $214,116.88. Following the transaction, the director now owns 33,484 shares of the company’s stock, valued at approximately $6,841,116.04. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock valued at $11,164,891 in the last 90 days. 4.57% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in WEX by 14.5% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,204,643 shares of the business services provider’s stock valued at $231,279,000 after acquiring an additional 152,398 shares during the period. Texas Permanent School Fund boosted its holdings in WEX by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 28,206 shares of the business services provider’s stock valued at $3,951,000 after acquiring an additional 1,092 shares during the period. Morgan Stanley boosted its holdings in WEX by 41.1% during the 3rd quarter. Morgan Stanley now owns 68,827 shares of the business services provider’s stock valued at $13,818,000 after acquiring an additional 20,040 shares during the period. Vanguard Group Inc boosted its holdings in WEX by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 3,840,898 shares of the business services provider’s stock valued at $771,098,000 after acquiring an additional 111,362 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in WEX by 23.4% during the 4th quarter. California Public Employees Retirement System now owns 95,791 shares of the business services provider’s stock valued at $13,416,000 after acquiring an additional 18,164 shares during the period. Institutional investors own 99.70% of the company’s stock.

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About WEX

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services.

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