WEX (NYSE:WEX) COO Carlos Carriedo Sells 1,075 Shares

WEX Inc. (NYSE:WEX) COO Carlos Carriedo sold 1,075 shares of WEX stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total value of $199,950.00. Following the completion of the sale, the chief operating officer directly owned 11,076 shares in the company, valued at approximately $2,060,136. The trade was a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

WEX Price Performance

WEX stock traded up $1.56 during mid-day trading on Thursday, reaching $189.96. 518,177 shares of the company’s stock traded hands, compared to its average volume of 583,288. The stock has a 50 day moving average of $152.79 and a two-hundred day moving average of $154.31. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 1.05 and a beta of 0.82. WEX Inc. has a 12-month low of $125.29 and a 12-month high of $192.37.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, topping the consensus estimate of $5.08 by $0.27. The company had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Equities analysts forecast that WEX Inc. will post 17.12 earnings per share for the current year.

WEX declared that its board has approved a stock repurchase program on Thursday, May 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WEX shares. Mizuho boosted their price objective on WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a report on Monday, July 27th. Weiss Ratings downgraded shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Morgan Stanley raised their target price on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Robert W. Baird lifted their price target on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, WEX currently has an average rating of “Hold” and an average price target of $183.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in WEX during the 4th quarter worth about $25,000. Global Retirement Partners LLC acquired a new position in shares of WEX in the 2nd quarter valued at about $26,000. First Horizon Corp boosted its stake in shares of WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after buying an additional 94 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after buying an additional 173 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in WEX by 255.0% during the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after acquiring an additional 255 shares during the period. 97.47% of the stock is currently owned by institutional investors and hedge funds.

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.