WEX Inc (NYSE:WEX) CEO Melissa D. Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $205.00, for a total transaction of $1,025,000.00. Following the transaction, the chief executive officer now owns 70,783 shares in the company, valued at approximately $14,510,515. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of NYSE:WEX traded down $1.62 during midday trading on Wednesday, reaching $203.18. The company’s stock had a trading volume of 190,015 shares, compared to its average volume of 351,110. The firm has a market capitalization of $8.86 billion, a P/E ratio of 26.59, a PEG ratio of 1.56 and a beta of 1.53. WEX Inc has a twelve month low of $131.35 and a twelve month high of $212.13. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.47.

WEX (NYSE:WEX) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.19. The firm had revenue of $381.90 million for the quarter, compared to analyst estimates of $379.57 million. WEX had a net margin of 8.84% and a return on equity of 17.88%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 earnings per share. Equities analysts anticipate that WEX Inc will post 8.64 EPS for the current fiscal year.

WEX has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of WEX in a research note on Monday, January 28th. They set a “hold” rating and a $170.00 price target on the stock. William Blair restated an “outperform” rating on shares of WEX in a research note on Wednesday, January 30th. ValuEngine upgraded shares of WEX from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Zacks Investment Research upgraded shares of WEX from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, Mizuho upped their price target on shares of WEX from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $203.67.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in shares of WEX by 3.0% in the third quarter. Vanguard Group Inc now owns 3,840,898 shares of the business services provider’s stock worth $771,098,000 after acquiring an additional 111,362 shares during the period. BlackRock Inc. increased its stake in shares of WEX by 0.8% in the first quarter. BlackRock Inc. now owns 3,836,236 shares of the business services provider’s stock worth $736,518,000 after acquiring an additional 28,937 shares during the period. Janus Henderson Group PLC increased its stake in shares of WEX by 0.4% in the first quarter. Janus Henderson Group PLC now owns 3,809,094 shares of the business services provider’s stock worth $731,308,000 after acquiring an additional 13,441 shares during the period. Wells Fargo & Company MN increased its stake in shares of WEX by 17.5% in the first quarter. Wells Fargo & Company MN now owns 1,357,772 shares of the business services provider’s stock worth $260,680,000 after acquiring an additional 202,492 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of WEX by 14.5% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,204,643 shares of the business services provider’s stock worth $231,279,000 after acquiring an additional 152,398 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

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WEX Company Profile

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services.

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