WEX Inc. (NYSE:WEX) COO Sells $400,285.97 in Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,897 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $211.01, for a total value of $400,285.97. Following the sale, the chief operating officer now directly owns 9,408 shares in the company, valued at $1,985,182.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Robert Joseph Deshaies also recently made the following trade(s):

• On Friday, February 23rd, Robert Joseph Deshaies sold 1,500 shares of WEX stock. The shares were sold at an average price of $221.85, for a total value of $332,775.00.

WEX Stock Down 0.8 %

Shares of NYSE:WEX opened at $210.03 on Thursday. The firm’s 50-day moving average is $229.15 and its two-hundred day moving average is $205.04. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.06 and a quick ratio of 1.06. WEX Inc. has a 1 year low of $161.95 and a 1 year high of $244.04. The firm has a market capitalization of $8.80 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.21 and a beta of 1.60.

WEX (NYSE:WEX) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.15). WEX had a return on equity of 30.92% and a net margin of 10.21%. The business had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $656.75 million. Analysts predict that WEX Inc. will post 13.96 EPS for the current year.

Institutional Trading of WEX

A number of large investors have recently modified their holdings of WEX. International Assets Investment Management LLC increased its holdings in WEX by 19,044.7% during the 4th quarter. International Assets Investment Management LLC now owns 35,992 shares of the business services provider’s stock worth $7,002,000 after purchasing an additional 35,804 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of WEX by 2.7% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 866,363 shares of the business services provider’s stock worth $177,076,000 after buying an additional 22,865 shares during the period. Handelsbanken Fonder AB raised its holdings in WEX by 2,524.0% in the fourth quarter. Handelsbanken Fonder AB now owns 163,844 shares of the business services provider’s stock valued at $31,876,000 after acquiring an additional 157,600 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in WEX by 56.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 141,287 shares of the business services provider’s stock worth $26,575,000 after acquiring an additional 50,771 shares during the last quarter. 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 worth $3,972,000 after acquiring an additional 11,983 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Analyst Ratings Changes

WEX has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on WEX from $235.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, April 12th. StockNews.com lowered WEX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. William Blair restated an “outperform” rating on shares of WEX in a research report on Thursday, February 8th. Citigroup upped their target price on shares of WEX from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Mizuho increased their target price on shares of WEX from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $240.00.

WEX Company Profile

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.