WEX (NYSE:WEX) CAO Jennifer Kimball Sells 1,183 Shares of Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 1,183 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.55, for a total value of $208,858.65. Following the completion of the transaction, the chief accounting officer owned 4,916 shares of the company’s stock, valued at $867,919.80. The trade was a 19.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

WEX Stock Performance

WEX traded up $5.50 during trading on Wednesday, reaching $188.38. 767,188 shares of the company’s stock were exchanged, compared to its average volume of 575,762. WEX Inc. has a fifty-two week low of $125.29 and a fifty-two week high of $191.38. 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 business has a 50 day moving average price of $147.97 and a 200 day moving average price of $153.15. The company has a market capitalization of $6.42 billion, a P/E ratio of 18.76, a PEG ratio of 1.08 and a beta of 0.85.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (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 net margin of 12.56% and a return on equity of 43.19%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, analysts predict that WEX Inc. will post 17.01 earnings per share for the current fiscal year.

WEX announced that its board has authorized a share buyback plan on Thursday, May 14th that allows the company to repurchase $1.00 billion in outstanding 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 leadership believes its stock is undervalued.

Institutional Trading of WEX

Large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in shares of WEX during the fourth quarter worth approximately $25,000. First Horizon Corp boosted its holdings in shares of WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after acquiring an additional 94 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after acquiring an additional 173 shares in the last quarter. Root Financial Partners LLC grew its position in WEX by 255.0% during the 1st 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 last quarter. Finally, IFP Advisors Inc grew its position in WEX by 225.4% during the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after acquiring an additional 257 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their price objective on WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Mizuho increased their target price on WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Cantor Fitzgerald set a $178.00 target price on WEX in a research report on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Finally, Weiss Ratings cut WEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $183.30.

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.