Insider Selling: WEX Inc (WEX) CEO Sells 5,000 Shares of Stock
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.
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.
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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