WEX (NYSE:WEX) Price Target Raised to $280.00 at Barclays

WEX (NYSE:WEX) had its price objective upped by Barclays from $255.00 to $280.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the business services provider’s stock.

Other research analysts also recently issued reports about the company. Jefferies Financial Group raised their price objective on WEX from $235.00 to $240.00 and gave the stock a hold rating in a report on Friday, April 12th. JPMorgan Chase & Co. raised their price target on WEX from $205.00 to $239.00 and gave the company a neutral rating in a research note on Friday, February 9th. Robert W. Baird upped their price objective on shares of WEX from $272.00 to $285.00 and gave the stock an outperform rating in a research note on Monday. Mizuho raised their target price on shares of WEX from $225.00 to $235.00 and gave the company a buy rating in a research report on Tuesday, February 13th. Finally, William Blair restated an outperform rating on shares of WEX in a report on Thursday, February 8th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, WEX presently has a consensus rating of Moderate Buy and an average target price of $240.00.

WEX Trading Down 0.0 %

NYSE WEX opened at $229.84 on Tuesday. The stock has a market cap of $9.59 billion, a PE ratio of 37.31, a PEG ratio of 1.51 and a beta of 1.59. WEX has a 12 month low of $161.95 and a 12 month high of $244.04. The company’s 50-day moving average price is $229.30 and its 200-day moving average price is $202.01. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.55.

WEX (NYSE:WEX) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.15). The company had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $656.75 million. WEX had a net margin of 10.46% and a return on equity of 31.33%. Equities research analysts forecast that WEX will post 13.55 earnings per share for the current year.

Insider Transactions at WEX

In other news, CAO Jennifer Kimball sold 574 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $222.24, for a total transaction of $127,565.76. Following the transaction, the chief accounting officer now directly owns 1,297 shares of the company’s stock, valued at $288,245.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Sara Trickett sold 887 shares of WEX stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $224.61, for a total value of $199,229.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Kimball sold 574 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $222.24, for a total transaction of $127,565.76. Following the sale, the chief accounting officer now directly owns 1,297 shares in the company, valued at approximately $288,245.28. The disclosure for this sale can be found here. Insiders have sold a total of 69,433 shares of company stock valued at $14,708,896 in the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On WEX

Several institutional investors and hedge funds have recently made changes to their positions in WEX. FinTrust Capital Advisors LLC purchased a new stake in WEX in the fourth quarter valued at approximately $25,000. VisionPoint Advisory Group LLC boosted its holdings in shares of WEX by 74.7% in 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 acquired a new stake in shares of WEX in the fourth quarter worth $27,000. Rise Advisors LLC purchased a new position in shares of WEX during the first quarter worth $29,000. Finally, Principal Securities Inc. acquired a new position in WEX during the fourth quarter valued at $31,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

About WEX

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.