WEX Inc (NYSE:WEX) CEO Melissa D. Smith Sells 15,556 Shares
WEX Inc (NYSE:WEX) CEO Melissa D. Smith sold 15,556 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $209.99, for a total transaction of $3,266,604.44. Following the transaction, the chief executive officer now owns 78,839 shares in the company, valued at $16,555,401.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
WEX traded down $3.39 during trading on Friday, hitting $209.92. The stock had a trading volume of 215,120 shares, compared to its average volume of 209,378. The company has a market capitalization of $9.23 billion, a PE ratio of 27.48, a PEG ratio of 1.75 and a beta of 1.56. WEX Inc has a twelve month low of $131.35 and a twelve month high of $221.66. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day simple moving average of $205.91 and a two-hundred day simple moving average of $199.31.
WEX (NYSE:WEX) last announced its earnings results on Thursday, August 1st. The business services provider reported $2.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.20. WEX had a net margin of 6.84% and a return on equity of 17.88%. The company had revenue of $441.81 million during the quarter, compared to the consensus estimate of $440.49 million. During the same period last year, the firm earned $2.07 earnings per share. WEX’s revenue was up 19.2% compared to the same quarter last year. On average, equities research analysts anticipate that WEX Inc will post 8.33 EPS for the current year.
WEX has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of WEX from $197.00 to $204.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Deutsche Bank raised their target price on shares of WEX from $209.00 to $223.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Citigroup set a $260.00 target price on shares of WEX and gave the company a “buy” rating in a research note on Friday, July 19th. TheStreet downgraded shares of WEX from a “b” rating to a “c+” rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group raised their target price on shares of WEX from $210.00 to $230.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. WEX presently has a consensus rating of “Buy” and an average price target of $223.00.
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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