WEX Insider Melissa Smith Sells 2,100 Shares (WEX)
WEX (NYSE:WEX) Insider Melissa Smith unloaded 2,100 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $88.95, for a total transaction of $186,795.00. Following the sale, the insider now directly owns 35,498 shares in the company, valued at approximately $3,157,547. The sale was disclosed in a legal filing with the SEC, which is available at this link.
WEX (NYSE:WEX) traded up 2.48% on Thursday, hitting $93.35. The stock had a trading volume of 465,467 shares. WEX has a 52 week low of $64.92 and a 52 week high of $92.83. The stock’s 50-day moving average is $86.40 and its 200-day moving average is $80.83. The company has a market cap of $3.627 billion and a price-to-earnings ratio of 31.20.
WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.09. The company had revenue of $191.50 million for the quarter, compared to the consensus estimate of $190.30 million. Analysts expect that WEX will post $4.36 EPS for the current fiscal year.
WEX has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of WEX from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, August 14th. They now have a $86.00 price target on the stock, up previously from $77.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of WEX from $94.00 to $100.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Compass Point raised their price target on shares of WEX from $70.00 to $80.00 in a research note to investors on Friday, August 2nd. They now have a “neutral” rating on the stock.
WEX Inc, formerly Wright Express Corporation is a provider of corporate card payment solutions. The Company operates in two segments: Fleet Payment Solutions and Other Payment Solutions.
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