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

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

WEX Trading Down 1.7 %

WEX traded down $3.29 on Tuesday, reaching $186.00. 228,747 shares of the company traded hands, compared to its average volume of 358,529. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87. The company has a market cap of $7.40 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.57. The firm has a fifty day simple moving average of $194.12 and a two-hundred day simple moving average of $187.10. WEX Inc. has a one year low of $165.51 and a one year high of $244.04.

WEX (NYSE:WEX) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $4.35 EPS for the quarter, topping the consensus estimate of $3.82 by $0.53. WEX had a return on equity of 31.35% and a net margin of 12.45%. The company had revenue of $665.50 million for the quarter, compared to the consensus estimate of $688.03 million. During the same period last year, the business posted $3.44 EPS. WEX’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts expect that WEX Inc. will post 13.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEX. Commerce Bank increased its holdings in WEX by 1.7% during the third quarter. Commerce Bank now owns 3,624 shares of the business services provider’s stock valued at $760,000 after buying an additional 60 shares during the period. American Century Companies Inc. boosted its position in WEX by 0.7% during the 2nd quarter. American Century Companies Inc. now owns 10,425 shares of the business services provider’s stock valued at $1,847,000 after acquiring an additional 68 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of WEX by 3.3% in the 2nd quarter. Ballentine Partners LLC now owns 2,238 shares of the business services provider’s stock valued at $396,000 after acquiring an additional 72 shares during the period. GAMMA Investing LLC raised its position in shares of WEX by 40.7% in the 3rd quarter. GAMMA Investing LLC now owns 301 shares of the business services provider’s stock worth $63,000 after acquiring an additional 87 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of WEX by 47.3% during the 3rd quarter. Covestor Ltd now owns 277 shares of the business services provider’s stock worth $58,000 after purchasing an additional 89 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on WEX from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Robert W. Baird decreased their price target on shares of WEX from $285.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Bank of America lifted their price objective on shares of WEX from $238.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. decreased their target price on shares of WEX from $210.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Finally, Wolfe Research lowered WEX from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, WEX currently has an average rating of “Moderate Buy” and an average price target 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.