WEX (NYSE:WEX) Insider Sells 3,400 Shares of Stock

WEX Inc. (NYSE:WEX) insider Ann Elena Drew sold 3,400 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.02, for a total value of $598,468.00. Following the sale, the insider owned 7,988 shares in the company, valued at approximately $1,406,047.76. The trade was a 29.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

WEX Trading Up 3.0%

WEX stock traded up $5.50 during mid-day trading on Wednesday, reaching $188.38. The company’s stock had a trading volume of 767,188 shares, compared to its average volume of 575,762. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $191.38. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The business’s 50 day moving average price is $147.97 and its 200 day moving average price is $153.15. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The firm had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, equities research analysts predict that WEX Inc. will post 17.01 EPS for the current year.

WEX declared that its Board of Directors has initiated a stock buyback program on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On WEX

A number of institutional investors and hedge funds have recently made changes to their positions in WEX. AQR Capital Management LLC boosted its stake in WEX by 794.0% during the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock valued at $132,563,000 after purchasing an additional 790,271 shares during the last quarter. Turtle Creek Asset Management Inc. bought a new position in shares of WEX in the third quarter valued at approximately $93,289,000. Par Capital Management Inc. lifted its holdings in shares of WEX by 21.6% in the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after purchasing an additional 400,500 shares in the last quarter. Norges Bank purchased a new position in shares of WEX during the fourth quarter valued at approximately $50,202,000. Finally, New South Capital Management Inc. boosted its position in shares of WEX by 627.0% during the fourth quarter. New South Capital Management Inc. now owns 268,023 shares of the business services provider’s stock valued at $39,930,000 after buying an additional 231,158 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Wall Street Analyst Weigh In

WEX has been the subject of several research analyst reports. Evercore raised shares of WEX to an “outperform” rating in a research note on Tuesday, July 21st. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Deutsche Bank Aktiengesellschaft reduced their target price on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Morgan Stanley boosted their target price on WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings downgraded WEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, WEX presently has an average rating of “Hold” and a consensus price target of $183.30.

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.