WEX Inc (NYSE:WEX) CEO Melissa D. Smith sold 5,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $200.00, for a total value of $1,000,000.00. Following the sale, the chief executive officer now directly owns 75,783 shares in the company, valued at approximately $15,156,600. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NYSE WEX opened at $203.38 on Tuesday. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.59 and a beta of 1.52. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.47 and a current ratio of 1.47. WEX Inc has a twelve month low of $131.35 and a twelve month high of $203.77.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, March 20th. The business services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.01. The business had revenue of $381.20 million for the quarter, compared to analyst estimates of $372.57 million. WEX had a return on equity of 18.30% and a net margin of 11.18%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 EPS. Research analysts forecast that WEX Inc will post 8.4 EPS for the current fiscal year.

A number of analysts recently issued reports on WEX shares. Wolfe Research raised WEX from a “market perform” rating to an “outperform” rating in a report on Friday, January 4th. Zacks Investment Research cut WEX from a “hold” rating to a “sell” rating in a report on Sunday, January 6th. Wells Fargo & Co reissued an “outperform” rating and set a $180.00 price objective (down previously from $200.00) on shares of WEX in a report on Wednesday, January 16th. BTIG Research started coverage on WEX in a report on Thursday, January 17th. They set a “buy” rating and a $198.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on WEX in a report on Monday, January 28th. They set a “hold” rating and a $170.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $201.42.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in WEX by 281.7% in the 3rd quarter. Renaissance Technologies LLC now owns 66,800 shares of the business services provider’s stock worth $13,411,000 after acquiring an additional 49,300 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of WEX by 14.5% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,204,643 shares of the business services provider’s stock valued at $231,279,000 after purchasing an additional 152,398 shares during the last quarter. Ipswich Investment Management Co. Inc. bought a new position in shares of WEX during the 4th quarter valued at about $32,000. Advisors Capital Management LLC bought a new position in shares of WEX during the 4th quarter valued at about $363,000. Finally, Texas Permanent School Fund increased its position in shares of WEX by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 28,206 shares of the business services provider’s stock valued at $3,951,000 after purchasing an additional 1,092 shares during the last quarter. Institutional investors and hedge funds own 99.07% of the company’s stock.

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About WEX

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services.

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