WEX Inc. (NYSE:WEX) CEO Sells $10,020,640.00 in Stock

WEX Inc. (NYSE:WEX) CEO Melissa D. Smith sold 43,568 shares of the company’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $230.00, for a total value of $10,020,640.00. Following the completion of the transaction, the chief executive officer now directly owns 95,347 shares in the company, valued at $21,929,810. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NYSE:WEX opened at $220.50 on Wednesday. WEX Inc. has a 52 week low of $100.53 and a 52 week high of $234.64. The company’s 50 day moving average is $218.04 and its two-hundred day moving average is $192.76. The company has a market cap of $9.74 billion, a PE ratio of 77.10, a P/E/G ratio of 1.68 and a beta of 1.86. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.34.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 24th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.21. WEX had a return on equity of 16.87% and a net margin of 7.47%. The company had revenue of $398.99 million during the quarter, compared to the consensus estimate of $386.53 million. As a group, equities research analysts expect that WEX Inc. will post 5.84 EPS for the current year.

A number of brokerages have commented on WEX. Credit Suisse Group lifted their price target on WEX from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 3rd. Susquehanna upped their target price on WEX from $210.00 to $250.00 and gave the company a “positive” rating in a research report on Thursday, February 11th. Susquehanna Bancshares upped their price objective on WEX from $210.00 to $250.00 and gave the stock a “positive” rating in a research report on Thursday, February 11th. Deutsche Bank Aktiengesellschaft raised their target price on WEX from $172.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, January 25th. Finally, Barclays raised their target price on shares of WEX from $165.00 to $246.00 and gave the stock an “overweight” rating in a research note on Friday, January 29th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $210.00.

Several large investors have recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of WEX by 55.3% in the 1st quarter. International Assets Investment Management LLC now owns 545 shares of the business services provider’s stock valued at $112,000 after buying an additional 194 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of WEX by 2.3% during the first quarter. Crossmark Global Holdings Inc. now owns 3,575 shares of the business services provider’s stock worth $748,000 after purchasing an additional 80 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of WEX by 19.4% in the 1st quarter. Retirement Systems of Alabama now owns 68,680 shares of the business services provider’s stock valued at $14,369,000 after purchasing an additional 11,158 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in WEX by 4.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the business services provider’s stock worth $2,406,000 after buying an additional 500 shares during the last quarter. Finally, Chicago Capital LLC increased its position in WEX by 9.0% during the first quarter. Chicago Capital LLC now owns 1,810 shares of the business services provider’s stock worth $379,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 98.73% of the company’s stock.

WEX Company Profile

WEX Inc provides financial technology services in North 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. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; premium fleet services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements.

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Insider Buying and Selling by Quarter for WEX (NYSE:WEX)

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