Robert Joseph Deshaies Sells 1,651 Shares of WEX Inc. (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX - Get Free Report) COO Robert Joseph Deshaies sold 1,651 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.67, for a total transaction of $299,937.17. Following the completion of the transaction, the chief operating officer now owns 7,757 shares of the company's stock, valued at approximately $1,409,214.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

WEX Stock Performance

NYSE WEX traded up $3.62 during trading hours on Friday, hitting $185.57. 259,348 shares of the stock were exchanged, compared to its average volume of 334,530. WEX Inc. has a 12-month low of $161.95 and a 12-month high of $244.04. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.06 and a beta of 1.54. The stock has a 50-day moving average of $177.81 and a 200 day moving average of $202.44.

WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Thursday, July 25th. The business services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.20 by $0.09. WEX had a net margin of 9.32% and a return on equity of 31.05%. The company had revenue of $673.50 million during the quarter, compared to analysts' expectations of $677.44 million. As a group, equities research analysts forecast that WEX Inc. will post 13.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WEX. International Assets Investment Management LLC increased its holdings in WEX by 19,044.7% in the fourth quarter. International Assets Investment Management LLC now owns 35,992 shares of the business services provider's stock valued at $7,002,000 after buying an additional 35,804 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of WEX by 11.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,197 shares of the business services provider's stock worth $1,789,000 after purchasing an additional 978 shares in the last quarter. CWM LLC increased its stake in shares of WEX by 15.6% during the 4th quarter. CWM LLC now owns 377 shares of the business services provider's stock worth $73,000 after purchasing an additional 51 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of WEX during the 4th quarter worth approximately $27,000. Finally, Wisconsin Capital Management LLC increased its stake in shares of WEX by 3.2% during the 4th quarter. Wisconsin Capital Management LLC now owns 29,549 shares of the business services provider's stock worth $5,749,000 after purchasing an additional 926 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WEX. JPMorgan Chase & Co. decreased their target price on shares of WEX from $210.00 to $200.00 and set a "neutral" rating for the company in a research note on Tuesday. William Blair upgraded shares of WEX to a "strong-buy" rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods decreased their target price on shares of WEX from $275.00 to $230.00 and set an "outperform" rating for the company in a research note on Monday, July 8th. Finally, Wells Fargo & Company decreased their target price on shares of WEX from $200.00 to $190.00 and set an "equal weight" rating for the company in a research note on Friday, July 26th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $239.58.

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.

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