WEX Inc. (NYSE:WEX – Get Free Report) 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.
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.
Read Our Latest Stock Analysis on WEX
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.
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