WEX (NYSE:WEX) Hits New 12-Month Low – What’s Next?

WEX Inc. (NYSE:WEX)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $125.29 and last traded at $127.1640, with a volume of 698715 shares trading hands. The stock had previously closed at $127.53.

Analysts Set New Price Targets

Several brokerages recently commented on WEX. Deutsche Bank Aktiengesellschaft cut their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Loop Capital assumed coverage on shares of WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price on the stock. Robert W. Baird boosted their target price on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $173.70.

WEX Trading Down 0.2%

The company has a 50 day moving average of $147.56 and a 200 day moving average of $152.59. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 0.80 and a beta of 0.85.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.92 by $0.23. The company had revenue of $673.80 million for the quarter, compared to analysts’ expectations of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.51 EPS. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, research analysts predict that WEX Inc. will post 16.77 EPS for the current fiscal year.

WEX announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to buy up to 21.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at WEX

In other news, COO Robert Joseph Deshaies sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $144.84, for a total value of $173,808.00. Following the completion of the sale, the chief operating officer directly owned 22,288 shares in the company, valued at $3,228,193.92. This represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Groch purchased 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $142.95 per share, with a total value of $214,425.00. Following the acquisition, the director owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 8,200 shares of company stock worth $1,318,798. Insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

A number of hedge funds and other institutional investors have recently modified their holdings of WEX. Janus Henderson Group PLC boosted its position in shares of WEX by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock valued at $599,313,000 after acquiring an additional 44,031 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of WEX by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock valued at $513,903,000 after buying an additional 12,099 shares during the period. Par Capital Management Inc. grew its stake in shares of WEX by 21.6% in the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after buying an additional 400,500 shares during the period. Boston Partners raised its position in shares of WEX by 13.7% during the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock valued at $215,955,000 after buying an additional 174,079 shares during the period. Finally, Earnest Partners LLC raised its position in shares of WEX by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock valued at $143,006,000 after buying an additional 10,027 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Company Profile

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.