WEX Inc. (NYSE:WEX) SVP Sara Trickett Sells 734 Shares

WEX Inc. (NYSE:WEX) SVP Sara Trickett sold 734 shares of WEX stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $210.43, for a total value of $154,455.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Sara Trickett also recently made the following trade(s):

• On Friday, February 16th, Sara Trickett sold 887 shares of WEX stock. The shares were sold at an average price of $224.61, for a total value of $199,229.07.

WEX Stock Up 0.3 %

Shares of NYSE WEX opened at $211.30 on Friday. WEX Inc. has a 12 month low of $161.95 and a 12 month high of $244.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.22 and a beta of 1.60. The business has a 50-day moving average of $229.72 and a 200-day moving average of $204.62.

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

Wall Street Analysts Forecast Growth

WEX has been the topic of a number of research reports. Robert W. Baird boosted their price objective on WEX from $272.00 to $285.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. StockNews.com cut WEX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. William Blair restated an “outperform” rating on shares of WEX in a research note on Thursday, February 8th. Jefferies Financial Group boosted their price objective on WEX from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Finally, Barclays upped their price target on WEX from $255.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $240.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC boosted its stake in WEX by 19,044.7% in the fourth quarter. International Assets Investment Management LLC now owns 35,992 shares of the business services provider’s stock worth $7,002,000 after buying an additional 35,804 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake 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 valued at $177,076,000 after purchasing an additional 22,865 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of 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 boosted its stake in shares of WEX by 56.1% during the third quarter. Schonfeld Strategic Advisors LLC now owns 141,287 shares of the business services provider’s stock valued at $26,575,000 after purchasing an additional 50,771 shares during the period. Finally, Burney Co. boosted its stake in shares of WEX by 131.1% during the third quarter. Burney Co. now owns 21,120 shares of the business services provider’s stock valued at $3,972,000 after purchasing an additional 11,983 shares during the period. Hedge funds and other institutional investors 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.