WEX (NYSE:WEX) COO Robert Joseph Deshaies Sells 2,000 Shares

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $148.40, for a total transaction of $296,800.00. Following the completion of the sale, the chief operating officer owned 20,288 shares of the company’s stock, valued at approximately $3,010,739.20. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robert Joseph Deshaies also recently made the following trade(s):

• On Thursday, May 28th, Robert Joseph Deshaies sold 1,200 shares of WEX stock. The stock was sold at an average price of $144.84, for a total value of $173,808.00.

WEX Stock Performance

Shares of WEX opened at $148.92 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. The firm has a market cap of $5.16 billion, a PE ratio of 16.71, a P/E/G ratio of 0.94 and a beta of 0.85. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $186.85. The stock has a fifty day moving average price of $141.98 and a 200-day moving average price of $151.87.

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

WEX announced that its Board of Directors has authorized a share buyback program on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

WEX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Loop Capital started coverage on shares of WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 price target for the company. Weiss Ratings downgraded shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Robert W. Baird boosted their price objective on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Cantor Fitzgerald cut their target price on WEX from $173.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $172.30.

Institutional Investors Weigh In On WEX

Hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new stake in WEX during the 2nd quarter worth about $208,000. Versant Capital Management Inc boosted its stake in shares of WEX by 55.2% in the second quarter. Versant Capital Management Inc now owns 655 shares of the business services provider’s stock worth $92,000 after buying an additional 233 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of WEX by 679.8% in the first quarter. NewEdge Advisors LLC now owns 1,583 shares of the business services provider’s stock worth $242,000 after buying an additional 1,380 shares during the last quarter. Essential Partners LLC grew its holdings in WEX by 20.5% during the first quarter. Essential Partners LLC now owns 1,451 shares of the business services provider’s stock worth $222,000 after acquiring an additional 247 shares during the period. Finally, Arete Wealth Advisors LLC purchased a new position in WEX during the first quarter valued at approximately $3,501,000. 97.47% of the stock is owned by hedge funds and other institutional investors.

About WEX

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.