WEX Inc. (NYSE:WEX) CAO Jennifer Kimball Sells 1,400 Shares of Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 1,400 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $131.08, for a total value of $183,512.00. Following the completion of the sale, the chief accounting officer now owns 3,177 shares of the company’s stock, valued at $416,441.16. This trade represents a 30.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

WEX Trading Up 1.4%

Shares of WEX stock opened at $138.54 on Thursday. The company has a market capitalization of $4.74 billion, a P/E ratio of 18.47, a P/E/G ratio of 2.06 and a beta of 1.26. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. The company has a fifty day moving average of $131.55 and a 200 day moving average of $156.73. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $217.47.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.11. The company had revenue of $636.60 million during the quarter, compared to the consensus estimate of $631.42 million. WEX had a net margin of 11.78% and a return on equity of 32.35%. WEX’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.46 EPS. On average, sell-side analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WEX has been the subject of several analyst reports. Oppenheimer initiated coverage on WEX in a research note on Thursday, May 15th. They issued a “market perform” rating for the company. Bank of America lowered WEX from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Robert W. Baird set a $186.00 price objective on WEX in a research note on Tuesday, February 18th. Barclays reduced their price objective on WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Finally, Mizuho reduced their price objective on WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, WEX currently has an average rating of “Hold” and a consensus price target of $176.90.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WEX. Investment Management Corp VA ADV purchased a new position in shares of WEX during the fourth quarter valued at about $25,000. State of Wyoming purchased a new position in shares of WEX during the fourth quarter valued at about $35,000. Jones Financial Companies Lllp grew its position in shares of WEX by 108.4% during the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 129 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of WEX by 161.5% during the first quarter. Farther Finance Advisors LLC now owns 272 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 168 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of WEX during the first quarter valued at about $44,000. 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.