Representative Kelly Morrison (D-Minnesota) recently sold shares of WEX Inc. NYSE: WEX. In a filing disclosed on June 18th, the Representative disclosed that they had sold between $1,001 and $15,000 in WEX stock on June 4th. The trade occurred in the Representative's "TRUST 3" account.
Representative Kelly Morrison also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of ResMed NYSE: RMD on 6/4/2025.
- Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 6/4/2025.
- Sold $1,001 - $15,000 in shares of Houlihan Lokey NYSE: HLI on 6/4/2025.
- Sold $1,001 - $15,000 in shares of Zebra Technologies NASDAQ: ZBRA on 6/4/2025.
- Sold $1,001 - $15,000 in shares of NIKE NYSE: NKE on 6/4/2025.
- Sold $15,001 - $50,000 in shares of Zebra Technologies NASDAQ: ZBRA on 6/4/2025.
- Sold $1,001 - $15,000 in shares of ResMed NYSE: RMD on 4/28/2025.
- Purchased $15,001 - $50,000 in shares of Meta Platforms NASDAQ: META on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.
- Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.
WEX Price Performance
WEX stock opened at $153.38 on Friday. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 3.00 and a beta of 1.23. The firm's fifty day moving average is $142.48 and its 200 day moving average is $149.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.06. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $217.47.
WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.11. WEX had a net margin of 12.07% and a return on equity of 37.90%. The business had revenue of $636.60 million for the quarter, compared to analysts' expectations of $631.42 million. During the same quarter in the previous year, the business posted $3.46 earnings per share. The business's revenue was down 2.5% compared to the same quarter last year. Sell-side analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.
Hedge Funds Weigh In On WEX
A number of hedge funds have recently bought and sold shares of WEX. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of WEX during the second quarter valued at approximately $314,000. Truist Financial Corp raised its position in WEX by 8.7% in the second quarter. Truist Financial Corp now owns 2,725 shares of the business services provider's stock valued at $400,000 after purchasing an additional 219 shares during the period. Cadent Capital Advisors LLC raised its position in WEX by 11.4% in the second quarter. Cadent Capital Advisors LLC now owns 2,026 shares of the business services provider's stock valued at $298,000 after purchasing an additional 207 shares during the period. GAMMA Investing LLC raised its position in WEX by 109.1% in the second quarter. GAMMA Investing LLC now owns 920 shares of the business services provider's stock valued at $135,000 after purchasing an additional 480 shares during the period. Finally, UMB Bank n.a. raised its position in WEX by 22.1% in the second quarter. UMB Bank n.a. now owns 376 shares of the business services provider's stock valued at $55,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 97.47% of the company's stock.
Insider Buying and Selling at WEX
In other news, CEO Melissa D. Smith acquired 3,721 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was acquired at an average cost of $134.57 per share, with a total value of $500,734.97. Following the transaction, the chief executive officer owned 101,182 shares in the company, valued at approximately $13,616,061.74. This trade represents a 3.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jennifer Kimball sold 1,400 shares of WEX stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $131.08, for a total transaction of $183,512.00. Following the sale, the chief accounting officer directly owned 3,177 shares of the company's stock, valued at approximately $416,441.16. This trade represents a 30.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on WEX shares. Deutsche Bank Aktiengesellschaft started coverage on shares of WEX in a research note on Thursday. They set a "hold" rating and a $150.00 target price for the company. UBS Group cut their target price on WEX from $172.00 to $138.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company cut their target price on WEX from $160.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group raised their price target on WEX from $130.00 to $135.00 and gave the stock a "hold" rating in a report on Tuesday, May 27th. Finally, Oppenheimer started coverage on WEX in a research note on Thursday, May 15th. They issued a "market perform" rating for the company. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, WEX presently has an average rating of "Hold" and an average price target of $174.45.
Check Out Our Latest Stock Analysis on WEX
About Representative Morrison
Kelly Morrison (Democratic Party) is a member of the U.S. House, representing Minnesota's 3rd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.
Morrison (Democratic Party) is running for re-election to the U.S. House to represent Minnesota's 3rd Congressional District. She declared candidacy for the 2026 election.
Kelly Morrison was born in Minneapolis, Minnesota, and lives in Deephaven. Morrison earned a B.A. in history from Yale University and an M.D. from Case Western Reserve University. She completed her residency in obstetrics and gynecology at Northwestern University. Morrison's career experience includes working as a physician.
About WEX
(
Get Free Report)
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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