Jennifer Kimball Sells 1,200 Shares of WEX Inc. (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 1,200 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $211.55, for a total transaction of $253,860.00. Following the completion of the sale, the chief accounting officer now owns 1,909 shares of the company’s stock, valued at approximately $403,848.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jennifer Kimball also recently made the following trade(s):

• On Friday, February 16th, Jennifer Kimball sold 574 shares of WEX stock. The shares were sold at an average price of $222.24, for a total transaction of $127,565.76.

WEX Price Performance

Shares of WEX stock opened at $211.66 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 1.22 and a beta of 1.60. WEX Inc. has a twelve month low of $161.95 and a twelve month high of $244.04. The company has a 50-day simple moving average of $229.31 and a two-hundred day simple moving average of $205.01.

WEX (NYSE:WEX) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). The business had revenue of $663.30 million during the quarter, compared to analyst estimates of $656.75 million. WEX had a net margin of 10.21% and a return on equity of 30.92%. Analysts forecast that WEX Inc. will post 13.96 EPS for the current year.

Institutional Trading of WEX

Several large investors have recently modified their holdings of WEX. International Assets Investment Management LLC lifted its position in WEX by 19,044.7% during the fourth quarter. International Assets Investment Management LLC now owns 35,992 shares of the business services provider’s stock worth $7,002,000 after purchasing an additional 35,804 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of WEX by 2.7% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 866,363 shares of the business services provider’s stock worth $177,076,000 after acquiring an additional 22,865 shares during the period. Handelsbanken Fonder AB boosted its position in shares of WEX by 2,524.0% during the 4th quarter. Handelsbanken Fonder AB now owns 163,844 shares of the business services provider’s stock worth $31,876,000 after acquiring an additional 157,600 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in WEX by 56.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 141,287 shares of the business services provider’s stock valued at $26,575,000 after acquiring an additional 50,771 shares during the last quarter. Finally, Burney Co. raised its position in WEX by 131.1% during the third quarter. Burney Co. now owns 21,120 shares of the business services provider’s stock valued at $3,972,000 after purchasing an additional 11,983 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. William Blair reiterated an “outperform” rating on shares of WEX in a report on Thursday, February 8th. Evercore ISI boosted their target price on WEX from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. StockNews.com cut WEX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Mizuho lifted their price objective on shares of WEX from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Citigroup increased their price objective 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. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company 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.