WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies Sells 1,897 Shares of Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,897 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $211.01, for a total value of $400,285.97. Following the transaction, the chief operating officer now directly owns 9,408 shares of the company’s stock, valued at approximately $1,985,182.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $221.85, for a total transaction of $332,775.00.

WEX Trading Down 0.9 %

Shares of WEX stock opened at $209.39 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.73. WEX Inc. has a 12-month low of $161.95 and a 12-month high of $244.04. The stock has a market capitalization of $8.77 billion, a P/E ratio of 34.05, a P/E/G ratio of 1.22 and a beta of 1.60. The firm’s 50 day moving average is $229.49 and its 200 day moving average is $204.84.

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

Institutional Investors Weigh In On WEX

Several hedge funds and other institutional investors have recently made changes to their positions in WEX. International Assets Investment Management LLC grew its position in WEX by 19,044.7% during 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 during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in 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 valued at $177,076,000 after purchasing an additional 22,865 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in WEX by 2,524.0% during the fourth quarter. Handelsbanken Fonder AB now owns 163,844 shares of the business services provider’s stock valued at $31,876,000 after purchasing an additional 157,600 shares during the period. Schonfeld Strategic Advisors LLC increased its position 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 buying an additional 50,771 shares in the last quarter. Finally, Burney Co. raised its stake in shares of WEX by 131.1% in the third quarter. Burney Co. now owns 21,120 shares of the business services provider’s stock worth $3,972,000 after buying an additional 11,983 shares during the period. 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. Truist Financial raised their target price on shares of WEX from $185.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, February 9th. StockNews.com cut WEX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. William Blair reissued an “outperform” rating on shares of WEX in a research note on Thursday, February 8th. Jefferies Financial Group lifted their price target on WEX from $235.00 to $240.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Finally, TheStreet raised shares of WEX from a “c” rating to a “b” rating in a research report on Thursday, February 8th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

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.