WEX Inc. (NYSE:WEX – Get Free Report) COO Robert Deshaies sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $173.56, for a total value of $347,120.00. Following the completion of the sale, the chief operating officer directly owned 17,288 shares of the company’s stock, valued at $3,000,505.28. This trade represents a 10.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robert Joseph Deshaies also recently made the following trade(s):
- On Thursday, July 30th, Robert Deshaies sold 1,000 shares of WEX stock. The shares were sold at an average price of $184.95, for a total value of $184,950.00.
WEX Stock Down 1.1%
Shares of NYSE:WEX traded down $1.81 during trading on Wednesday, reaching $169.67. 521,761 shares of the stock were exchanged, compared to its average volume of 573,684. WEX Inc. has a 1-year low of $125.29 and a 1-year high of $203.99. The stock has a fifty day moving average of $188.84 and a two-hundred day moving average of $164.26. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 0.89 and a beta of 0.84.
Analysts Set New Price Targets
Several equities research analysts have recently commented on WEX shares. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Mizuho raised their price target on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods lifted their price target on WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of WEX in a report on Thursday, September 24th. Finally, Evercore upgraded WEX to an “outperform” rating in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, WEX has a consensus rating of “Hold” and a consensus target price of $185.64.
Read Our Latest Stock Report on WEX
Institutional Trading of WEX
Several institutional investors have recently made changes to their positions in the company. Jupiter Topco LLC purchased a new stake in shares of WEX in the second quarter valued at about $559,710,000. Janus Henderson Group PLC boosted its holdings in WEX by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock worth $599,313,000 after purchasing an additional 44,031 shares during the last quarter. BlackRock Inc. purchased a new position in WEX during the second quarter worth about $446,833,000. Bank of America Corp DE grew its position in WEX by 13.6% in the 1st quarter. Bank of America Corp DE now owns 823,681 shares of the business services provider’s stock worth $126,056,000 after purchasing an additional 98,524 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. increased its stake in WEX by 58.5% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider’s stock valued at $102,435,000 after buying an additional 246,923 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.
WEX Company Profile
WEX Inc (NYSE: WEX) is a financial technology company that provides payment solutions and software for businesses, government agencies and consumers. Its offerings are designed to help organizations manage spending, payments and related administrative processes across mobility, corporate payments and employee benefits.
In its mobility business, WEX provides fleet payment cards and fleet-management tools for commercial vehicles, including fuel, maintenance and transportation-related expenses.
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