WEX (NYSE:WEX) CEO Melissa Smith Sells 28,109 Shares of Stock

WEX Inc. (NYSE:WEX) CEO Melissa Smith sold 28,109 shares of WEX stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $190.09, for a total value of $5,343,239.81. Following the completion of the sale, the chief executive officer directly owned 126,625 shares of the company’s stock, valued at $24,070,146.25. The trade was a 18.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

WEX Price Performance

WEX stock opened at $194.70 on Friday. The business’s fifty day moving average price is $176.08 and its 200 day moving average price is $159.83. WEX Inc. has a 12-month low of $125.29 and a 12-month high of $203.99. 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 company has a market capitalization of $6.64 billion, a PE ratio of 19.39, a P/E/G ratio of 1.01 and a beta of 0.83.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. The company had revenue of $753.50 million during 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%.WEX’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the business posted $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, sell-side analysts anticipate that WEX Inc. will post 17.11 EPS for the current year.

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

Institutional Investors Weigh In On WEX

Large investors have recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in shares of WEX during the fourth quarter worth $25,000. Global Retirement Partners LLC purchased a new stake in WEX during the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in WEX by 368.1% during the 3rd 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. Northwestern Mutual Wealth Management Co. acquired a new position in shares of WEX during the 2nd quarter worth about $41,000. Finally, Root Financial Partners LLC increased its holdings in shares of WEX by 255.0% in the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 255 shares during the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on WEX. Deutsche Bank Aktiengesellschaft cut their target price on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Mizuho boosted their price target on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings raised WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Morgan Stanley increased their price objective on WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods boosted their target price on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, WEX has an average rating of “Hold” and an average target price 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.