WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies Sells 175 Shares

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 175 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $189.44, for a total transaction of $33,152.00. Following the transaction, the chief operating officer now directly owns 7,582 shares in the company, valued at approximately $1,436,334.08. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

WEX Trading Down 1.7 %

Shares of WEX stock opened at $186.00 on Wednesday. WEX Inc. has a 1 year low of $165.51 and a 1 year high of $244.04. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50 day moving average price of $193.65 and a 200 day moving average price of $187.01. The company has a market capitalization of $7.40 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.50 and a beta of 1.57.

WEX (NYSE:WEX) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $4.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.82 by $0.53. The business had revenue of $665.50 million during the quarter, compared to analyst estimates of $688.03 million. WEX had a net margin of 12.45% and a return on equity of 31.35%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.44 earnings per share. Sell-side analysts anticipate that WEX Inc. will post 13.1 EPS for the current fiscal year.

Institutional Investors Weigh In On WEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEX. Venturi Wealth Management LLC lifted its position in shares of WEX by 206.1% during the third quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in WEX in the 3rd quarter worth $35,000. International Assets Investment Management LLC purchased a new position in WEX in the 2nd quarter valued at about $33,000. Quarry LP grew its stake in shares of WEX by 717.4% during the second quarter. Quarry LP now owns 188 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 165 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of WEX by 456.1% during the second quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock worth $40,000 after acquiring an additional 187 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of WEX from $190.00 to $210.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut their price objective on shares of WEX from $210.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Wells Fargo & Company lowered their target price on WEX from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Wolfe Research cut WEX from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Robert W. Baird lowered their price objective on WEX from $285.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, WEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.91.

About WEX

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.