WEX Inc. (NYSE:WEX – Get Free Report) CFO Jagtar Narula sold 540 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $180.00, for a total value of $97,200.00. Following the completion of the sale, the chief financial officer now directly owns 8,168 shares in the company, valued at approximately $1,470,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
WEX Stock Performance
NYSE WEX opened at $182.27 on Friday. The business’s 50-day moving average price is $185.60 and its 200 day moving average price is $206.70. WEX Inc. has a twelve month low of $161.95 and a twelve month high of $244.04. The company has a market capitalization of $7.64 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 1.03 and a beta of 1.54. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.73.
WEX (NYSE:WEX – Get Free Report) last released its earnings results on Thursday, April 25th. The business services provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.15. The firm had revenue of $652.70 million for the quarter, compared to the consensus estimate of $653.52 million. WEX had a return on equity of 30.92% and a net margin of 10.21%. On average, research analysts predict that WEX Inc. will post 13.95 earnings per share for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on WEX
Hedge Funds Weigh In On WEX
A number of large investors have recently modified their holdings of WEX. Comerica Bank purchased a new position in shares of WEX in the 3rd quarter worth about $6,545,000. VisionPoint Advisory Group LLC raised 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 worth $27,000 after purchasing an additional 62 shares during the period. Vanguard Group Inc. raised its holdings in shares of WEX by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,131,124 shares of the business services provider’s stock worth $777,023,000 after purchasing an additional 83,102 shares during the period. Bath Savings Trust Co raised its holdings in shares of WEX by 0.3% in the 4th quarter. Bath Savings Trust Co now owns 27,284 shares of the business services provider’s stock worth $5,308,000 after purchasing an additional 80 shares during the period. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in shares of WEX during the 4th quarter valued at about $357,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.
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.
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