Insider Selling: WEX Inc. (NYSE:WEX) COO Sells $33,152.00 in Stock

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

WEX Stock Down 0.7 %

Shares of WEX stock opened at $182.70 on Friday. The stock’s 50 day simple moving average is $192.77 and its 200 day simple moving average is $186.96. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.04 and a current ratio of 1.04. WEX Inc. has a twelve month low of $165.51 and a twelve month high of $244.04. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.46 and a beta of 1.57.

WEX (NYSE:WEX) last issued 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 for the quarter, compared to the consensus estimate of $688.03 million. WEX had a return on equity of 31.35% and a net margin of 12.45%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $3.44 EPS. As a group, research analysts predict that WEX Inc. will post 13.1 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WEX shares. Wolfe Research downgraded WEX from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on WEX from $210.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Bank of America increased their price objective on WEX from $238.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Robert W. Baird reduced their price objective on WEX from $285.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Wells Fargo & Company reduced their price objective on WEX from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $235.91.

Institutional Trading of WEX

Institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in WEX in the 3rd quarter valued at $35,000. World Investment Advisors LLC acquired a new stake in WEX in the 3rd quarter valued at $2,507,000. Sanctuary Advisors LLC boosted its stake in WEX by 112.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,760 shares of the business services provider’s stock valued at $998,000 after buying an additional 2,519 shares in the last quarter. Rehmann Capital Advisory Group acquired a new stake in WEX in the 3rd quarter valued at $251,000. Finally, Coldstream Capital Management Inc. boosted its stake in WEX by 11.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,835 shares of the business services provider’s stock valued at $377,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

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.