WEX (NYSE:WEX) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of WEX (NYSE:WEX - Free Report) in a report released on Thursday morning, MarketBeat reports. The brokerage issued a hold rating and a $150.00 target price on the business services provider's stock.

A number of other equities research analysts have also issued reports on WEX. Jefferies Financial Group lifted their target price on shares of WEX from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Tuesday, May 27th. UBS Group decreased their target price on shares of WEX from $172.00 to $138.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Oppenheimer began coverage on shares of WEX in a report on Thursday, May 15th. They set a "market perform" rating on the stock. Finally, Wells Fargo & Company cut their price target on shares of WEX from $160.00 to $140.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $174.45.

WEX Stock Down 0.1%

Shares of NYSE:WEX traded down $0.17 during trading on Thursday, reaching $153.38. 404,661 shares of the company traded hands, compared to its average volume of 580,252. The firm has a fifty day simple moving average of $141.95 and a 200 day simple moving average of $149.62. The firm has a market cap of $5.25 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 2.95 and a beta of 1.23. WEX has a 1-year low of $110.45 and a 1-year high of $217.47. 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 (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.40 by $0.11. The company had revenue of $636.60 million during the quarter, compared to analyst estimates of $631.42 million. WEX had a net margin of 12.07% and a return on equity of 37.90%. The company's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $3.46 EPS. Analysts anticipate that WEX will post 14.09 earnings per share for the current fiscal year.

Insider Buying and Selling at WEX

In other news, CEO Melissa D. Smith bought 3,721 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were purchased at an average price of $134.57 per share, for a total transaction of $500,734.97. Following the acquisition, the chief executive officer directly owned 101,182 shares of the company's stock, valued at $13,616,061.74. The trade was a 3.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 completion of the transaction, the chief accounting officer owned 3,177 shares in the company, valued at $416,441.16. This trade represents a 30.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of WEX by 27,871.3% during the 1st quarter. GAMMA Investing LLC now owns 69,089 shares of the business services provider's stock worth $10,848,000 after purchasing an additional 68,842 shares during the period. LPL Financial LLC increased its holdings in shares of WEX by 13.2% during the 4th quarter. LPL Financial LLC now owns 29,408 shares of the business services provider's stock worth $5,283,000 after purchasing an additional 3,439 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of WEX by 7.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,008 shares of the business services provider's stock worth $1,053,000 after purchasing an additional 393 shares during the period. Norges Bank bought a new position in shares of WEX during the 4th quarter worth about $80,535,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of WEX by 120.4% during the 4th quarter. Teacher Retirement System of Texas now owns 8,688 shares of the business services provider's stock worth $1,523,000 after purchasing an additional 4,746 shares during the period. Institutional investors own 97.47% of the company's stock.

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.