WEX (NYSE:WEX) Insider Sells $598,468.00 in Stock

WEX Inc. (NYSE:WEX) insider Ann Elena Drew sold 3,400 shares of WEX stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.02, for a total transaction of $598,468.00. Following the completion of the transaction, the insider owned 7,988 shares in the company, valued at approximately $1,406,047.76. This trade represents a 29.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

WEX Stock Performance

Shares of WEX opened at $187.04 on Friday. The stock has a market capitalization of $6.37 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.03 and a beta of 0.85. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. WEX Inc. has a 1 year low of $125.29 and a 1 year high of $191.38. The company’s fifty day moving average is $150.32 and its two-hundred day moving average is $153.76.

WEX (NYSE:WEX) last released its 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. WEX had a net margin of 12.56% and a return on equity of 43.19%. The company had revenue of $753.50 million during the quarter, compared to analysts’ expectations of $740.72 million. During the same quarter last year, the business earned $3.95 EPS. The business’s revenue was up 14.2% on a year-over-year basis. 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 predict that WEX Inc. will post 17.12 earnings per share for the current year.

WEX announced that its board has approved a stock repurchase 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 repurchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of WEX

A number of institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in WEX in the second quarter valued at $208,000. Versant Capital Management Inc boosted its position in shares of WEX by 55.2% in the 2nd 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 in the last quarter. NewEdge Advisors LLC grew its stake in WEX by 679.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,583 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 1,380 shares during the last quarter. Essential Partners LLC increased its holdings in WEX by 20.5% during the 1st quarter. Essential Partners LLC now owns 1,451 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 247 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new position in WEX during the first quarter worth about $3,501,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on WEX. Loop Capital assumed coverage on WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 price objective for the company. Robert W. Baird boosted their target price on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Weiss Ratings cut shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Mizuho raised their price objective on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.