WEX Inc. (NYSE:WEX) SVP George W. Hogan sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $110.00, for a total transaction of $495,000.00. Following the completion of the transaction, the senior vice president now directly owns 15,615 shares of the company’s stock, valued at approximately $1,717,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
WEX Inc. (NYSE WEX) traded up 1.49% during trading on Friday, hitting $103.39. 370,452 shares of the company were exchanged. The company has a 50-day moving average of $107.66 and a 200-day moving average of $106.47. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 62.36 and a beta of 1.80. WEX Inc. has a 12 month low of $93.89 and a 12 month high of $122.91.
WEX (NYSE:WEX) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.11. WEX had a net margin of 6.09% and a return on equity of 13.03%. The firm had revenue of $303.90 million for the quarter, compared to the consensus estimate of $293.91 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. The business’s revenue was up 29.9% compared to the same quarter last year. Analysts forecast that WEX Inc. will post $5.27 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of WEX. FNY Partners Fund LP bought a new position in shares of WEX during the first quarter worth about $103,000. Whittier Trust Co. boosted its position in shares of WEX by 5.9% in the first quarter. Whittier Trust Co. now owns 1,027 shares of the business services provider’s stock worth $106,000 after buying an additional 57 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of WEX by 6.1% in the first quarter. Glen Harbor Capital Management LLC now owns 1,120 shares of the business services provider’s stock worth $116,000 after buying an additional 64 shares during the last quarter. Tyers Asset Management LLC boosted its position in shares of WEX by 6.1% in the first quarter. Tyers Asset Management LLC now owns 1,540 shares of the business services provider’s stock worth $159,000 after buying an additional 88 shares during the last quarter. Finally, First Bank & Trust boosted its position in WEX by 2.6% in the first quarter. First Bank & Trust now owns 1,604 shares of the business services provider’s stock worth $166,000 after buying an additional 41 shares in the last quarter.
Several equities analysts have issued reports on the stock. BidaskClub raised shares of WEX from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $120.00 price objective on shares of WEX in a report on Thursday. Jefferies Group LLC reissued a “buy” rating and set a $135.00 price objective on shares of WEX in a report on Friday, May 5th. Zacks Investment Research lowered shares of WEX from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. Finally, Barclays PLC upped their price target on shares of WEX from $115.00 to $119.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $120.56.
WEX Company Profile
WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.
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