Jagtar Narula Sells 508 Shares of WEX Inc. (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) CFO Jagtar Narula sold 508 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $200.00, for a total value of $101,600.00. Following the completion of the transaction, the chief financial officer now owns 7,120 shares in the company, valued at approximately $1,424,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jagtar Narula also recently made the following trade(s):

• On Tuesday, July 16th, Jagtar Narula sold 540 shares of WEX stock. The shares were sold at an average price of $190.00, for a total value of $102,600.00.
• On Monday, July 8th, Jagtar Narula sold 540 shares of WEX stock. The stock was sold at an average price of $180.00, for a total transaction of $97,200.00.

WEX Stock Performance

Shares of WEX opened at $202.45 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $8.32 billion, a PE ratio of 32.92, a PEG ratio of 1.19 and a beta of 1.54. WEX Inc. has a 1 year low of $161.95 and a 1 year high of $244.04. The stock’s fifty day moving average price is $184.34 and its two-hundred day moving average price is $199.23.

WEX (NYSE:WEX) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.09. The business had revenue of $673.50 million for the quarter, compared to analysts’ expectations of $677.44 million. WEX had a return on equity of 31.05% and a net margin of 9.32%. On average, equities research analysts forecast that WEX Inc. will post 13.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of WEX from $210.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Keefe, Bruyette & Woods dropped their target price on shares of WEX from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Wells Fargo & Company cut their target price on WEX from $200.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, William Blair raised WEX to a “strong-buy” rating in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, WEX presently has a consensus rating of “Moderate Buy” and an average price target of $239.58.

Institutional Trading of WEX

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in WEX by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 4,199,017 shares of the business services provider’s stock valued at $816,919,000 after acquiring an additional 67,893 shares during the period. Wellington Management Group LLP grew its position in shares of WEX by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 3,122,500 shares of the business services provider’s stock valued at $607,482,000 after purchasing an additional 179,813 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of WEX by 5.6% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 914,250 shares of the business services provider’s stock valued at $173,561,000 after purchasing an additional 48,182 shares during the period. Bessemer Group Inc. lifted its holdings in WEX by 0.6% during the 1st quarter. Bessemer Group Inc. now owns 735,313 shares of the business services provider’s stock worth $174,660,000 after purchasing an additional 4,262 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in WEX by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 495,527 shares of the business services provider’s stock worth $87,772,000 after purchasing an additional 126,663 shares during the period. 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.