WEX (NYSE:WEX) COO Sells $199,950.00 in Stock

WEX Inc. (NYSE:WEX) COO Carlos Carriedo sold 1,075 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total value of $199,950.00. Following the sale, the chief operating officer owned 11,076 shares of the company’s stock, valued at $2,060,136. This represents a 8.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

WEX Stock Down 2.3%

Shares of WEX opened at $185.15 on Friday. The business’s 50 day moving average is $154.50 and its 200 day moving average is $154.75. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. WEX Inc. has a 12-month low of $125.29 and a 12-month high of $192.37. The company has a market capitalization of $6.31 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82.

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

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WEX shares. Loop Capital assumed coverage on shares of WEX in a research note on Monday, April 27th. They set a “buy” rating and a $195.00 target price for the company. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Morgan Stanley lifted their target price on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, Cantor Fitzgerald set a $178.00 target price on WEX in a research report on Monday, July 27th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $183.30.

Institutional Trading of WEX

Several institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new position in shares of WEX in the fourth quarter worth about $25,000. Global Retirement Partners LLC bought a new stake in WEX during the 2nd quarter valued at 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 valued at $35,000 after buying an additional 173 shares in the last quarter. First Horizon Corp boosted its position in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after buying an additional 94 shares during the period. Finally, Root Financial Partners LLC grew its stake in WEX by 255.0% in 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 in the last quarter. 97.47% of the stock is currently owned by institutional investors.

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.