Insider Selling: WEX Inc. (NYSE:WEX) CAO Sells 1,200 Shares of Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 1,200 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $211.55, for a total transaction of $253,860.00. Following the transaction, the chief accounting officer now owns 1,909 shares in the company, valued at approximately $403,848.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Jennifer Kimball also recently made the following trade(s):

• On Friday, February 16th, Jennifer Kimball sold 574 shares of WEX stock. The shares were sold at an average price of $222.24, for a total value of $127,565.76.

WEX Price Performance

NYSE:WEX traded down $1.91 during trading hours on Monday, reaching $209.39. 444,056 shares of the company were exchanged, compared to its average volume of 306,706. The company 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. WEX Inc. has a 1-year low of $161.95 and a 1-year high of $244.04. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day moving average of $229.72 and a 200 day moving average of $204.71.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup upped their price target on WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Mizuho upped their price target on WEX from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Evercore ISI upped their price target on WEX from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. increased their price objective on WEX from $205.00 to $239.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, Barclays boosted their target price on shares of WEX from $255.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $240.00.

Institutional Investors Weigh In On WEX

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in WEX by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,199,017 shares of the business services provider’s stock valued at $816,919,000 after purchasing an additional 67,893 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of WEX by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 3,122,500 shares of the business services provider’s stock worth $607,482,000 after purchasing an additional 179,813 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of WEX by 4.2% during the third quarter. JPMorgan Chase & Co. now owns 1,324,624 shares of the business services provider’s stock worth $249,149,000 after purchasing an additional 52,897 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of 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 worth $177,076,000 after purchasing an additional 22,865 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of WEX by 2.9% during the third quarter. Jennison Associates LLC now owns 558,147 shares of the business services provider’s stock worth $104,982,000 after purchasing an additional 15,797 shares during 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.