Insider Selling: WEX Inc. (NYSE:WEX) SVP Sells $154,455.62 in Stock

WEX Inc. (NYSE:WEX) SVP Sara Trickett sold 734 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $210.43, for a total value of $154,455.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

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

WEX Price Performance

WEX stock opened at $211.30 on Monday. The firm has a 50 day moving average of $229.72 and a 200-day moving average of $204.71. The firm has a market capitalization of $8.85 billion, a P/E ratio of 34.36, a price-to-earnings-growth ratio of 1.22 and a beta of 1.60. 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.

WEX (NYSE:WEX) last announced its quarterly earnings results 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). The firm had revenue of $663.30 million during the quarter, compared to the consensus estimate of $656.75 million. WEX had a net margin of 10.21% and a return on equity of 30.92%. As a group, sell-side analysts predict that WEX Inc. will post 13.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WEX

Several large investors have recently added to or reduced their stakes in the business. VisionPoint Advisory Group LLC boosted its position in shares of WEX by 74.7% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 62 shares during the last quarter. GAMMA Investing LLC purchased a new stake in WEX in the fourth quarter valued at approximately $27,000. Rise Advisors LLC bought a new stake in WEX during the first quarter valued at approximately $29,000. Principal Securities Inc. purchased a new position in WEX in the 4th quarter worth approximately $31,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of WEX by 896.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the business services provider’s stock worth $58,000 after buying an additional 278 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Wall Street Analysts Forecast Growth

WEX has been the subject of a number of research reports. Citigroup increased their target price on shares of WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Jefferies Financial Group boosted their target price on WEX from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Robert W. Baird upped their price target on WEX from $272.00 to $285.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. TheStreet upgraded WEX from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Finally, Barclays upped their price objective on shares of WEX from $255.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $240.00.

WEX Company Profile

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.