Robert Joseph Deshaies Sells 1,897 Shares of WEX Inc. (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,897 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $211.01, for a total transaction of $400,285.97. Following the completion of the transaction, the chief operating officer now directly owns 9,408 shares of the company’s stock, valued at $1,985,182.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Robert Joseph Deshaies also recently made the following trade(s):

• On Friday, February 23rd, Robert Joseph Deshaies sold 1,500 shares of WEX stock. The shares were sold at an average price of $221.85, for a total transaction of $332,775.00.

WEX Stock Up 1.1 %

Shares of WEX opened at $211.66 on Wednesday. The firm has a market cap of $8.87 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 1.22 and a beta of 1.60. The company’s fifty day moving average is $229.31 and its two-hundred day moving average is $205.01. WEX Inc. has a fifty-two week low of $161.95 and a fifty-two week high of $244.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.73.

WEX (NYSE:WEX) last announced its quarterly 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 company 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%. Analysts forecast that WEX Inc. will post 13.96 earnings per share for the current year.

Hedge Funds Weigh In On WEX

A number of hedge funds have recently made changes to their positions in WEX. International Assets Investment Management LLC raised its stake in shares of WEX by 19,044.7% in the 4th quarter. International Assets Investment Management LLC now owns 35,992 shares of the business services provider’s stock valued at $7,002,000 after acquiring an additional 35,804 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of WEX by 2.7% in the 4th 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 acquiring an additional 22,865 shares during the period. Handelsbanken Fonder AB raised its stake in shares of WEX by 2,524.0% in the 4th quarter. Handelsbanken Fonder AB now owns 163,844 shares of the business services provider’s stock valued at $31,876,000 after acquiring an additional 157,600 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in shares of WEX by 56.1% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 141,287 shares of the business services provider’s stock valued at $26,575,000 after acquiring an additional 50,771 shares during the period. Finally, Burney Co. raised its stake in shares of WEX by 131.1% in the 3rd quarter. Burney Co. now owns 21,120 shares of the business services provider’s stock valued at $3,972,000 after acquiring an additional 11,983 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WEX shares. Robert W. Baird increased their price target on shares of WEX from $272.00 to $285.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Truist Financial increased their price target on shares of WEX from $185.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, February 9th. TheStreet upgraded shares of WEX from a “c” rating to a “b” rating in a research report on Thursday, February 8th. Jefferies Financial Group increased their price target on shares of WEX from $235.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, StockNews.com lowered shares of WEX from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

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.