WEX Inc (NYSE:WEX) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $205.00 and last traded at $204.92, with a volume of 7008 shares. The stock had previously closed at $202.34.

Several research firms recently issued reports on WEX. Mizuho increased their price target on shares of WEX from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. William Blair reissued an “outperform” rating on shares of WEX in a report on Thursday, March 21st. BTIG Research set a $225.00 price target on shares of WEX and gave the stock a “buy” rating in a report on Tuesday, April 2nd. SunTrust Banks increased their target price on shares of WEX from $170.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, Robert W. Baird initiated coverage on shares of WEX in a report on Thursday, April 4th. They issued a “neutral” rating and a $220.00 target price for the company. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $201.42.

The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.19. The firm has a market cap of $8.73 billion, a PE ratio of 27.32, a PEG ratio of 1.59 and a beta of 1.52.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, March 20th. The business services provider reported $1.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.01. WEX had a net margin of 11.18% and a return on equity of 18.30%. The company had revenue of $381.20 million during the quarter, compared to analysts’ expectations of $372.57 million. During the same period last year, the company posted $1.49 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that WEX Inc will post 8.46 EPS for the current fiscal year.

In other news, CEO Melissa D. Smith sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 75,783 shares of the company’s stock, valued at approximately $15,156,600. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicola S. Morris sold 992 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $184.05, for a total transaction of $182,577.60. Following the transaction, the insider now directly owns 11,848 shares of the company’s stock, valued at $2,180,624.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,244 shares of company stock valued at $2,204,713. 4.57% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Alta Capital Management LLC acquired a new position in shares of WEX in the 1st quarter valued at $266,000. Brinker Capital Inc. boosted its holdings in shares of WEX by 14.7% in the 1st quarter. Brinker Capital Inc. now owns 7,685 shares of the business services provider’s stock valued at $1,475,000 after purchasing an additional 985 shares during the last quarter. Eukles Asset Management boosted its holdings in shares of WEX by 3.8% in the 1st quarter. Eukles Asset Management now owns 2,038 shares of the business services provider’s stock valued at $391,000 after purchasing an additional 74 shares during the last quarter. Columbus Circle Investors boosted its holdings in shares of WEX by 26.1% in the 1st quarter. Columbus Circle Investors now owns 177,755 shares of the business services provider’s stock valued at $34,127,000 after purchasing an additional 36,816 shares during the last quarter. Finally, Sciencast Management LP acquired a new position in shares of WEX in the 1st quarter valued at $458,000. 99.48% of the stock is owned by institutional investors and hedge funds.

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About WEX (NYSE:WEX)

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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