Key Points
- COO Robert Joseph Deshaies sold 1,506 WEX shares at an average price of $149.62 on Nov. 26 for $225,327.72, leaving him with 15,699 shares (an 8.75% reduction in his position).
- WEX beat Q3 expectations, reporting $4.59 EPS vs. $4.45 expected and $691.8M revenue vs. $678.25M, and provided Q4 guidance of 3.760–3.960 EPS and FY2025 guidance of 15.760–15.96 EPS.
- Market context: the stock was down ~1.2% (opened $146.52), has a $5.02B market cap, and a consensus analyst rating of "Hold" with an average target of $172.92; institutional investors own ~97.5% of the shares.
WEX Inc. (NYSE:WEX - Get Free Report) COO Robert Joseph Deshaies sold 1,506 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total transaction of $225,327.72. Following the completion of the sale, the chief operating officer directly owned 15,699 shares of the company's stock, valued at approximately $2,348,884.38. This trade represents a 8.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
WEX Stock Down 1.2%
WEX stock opened at $146.52 on Tuesday. WEX Inc. has a one year low of $110.45 and a one year high of $189.84. The firm has a market cap of $5.02 billion, a PE ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.24. The firm's 50 day moving average price is $151.27 and its 200-day moving average price is $154.75. The company has a debt-to-equity ratio of 3.99, a quick ratio of 1.04 and a current ratio of 1.04.
WEX (NYSE:WEX - Get Free Report) last posted its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.14. WEX had a return on equity of 45.36% and a net margin of 10.81%.The company had revenue of $691.80 million during the quarter, compared to analysts' expectations of $678.25 million. During the same quarter last year, the firm earned $4.35 earnings per share. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. On average, equities research analysts anticipate that WEX Inc. will post 14.09 EPS for the current year.
Institutional Investors Weigh In On WEX
Large investors have recently added to or reduced their stakes in the business. Boston Partners acquired a new stake in WEX during the 2nd quarter worth approximately $187,102,000. Hsbc Holdings PLC increased its position in shares of WEX by 20,412.8% during the first quarter. Hsbc Holdings PLC now owns 638,563 shares of the business services provider's stock worth $99,069,000 after acquiring an additional 635,450 shares during the period. Turtle Creek Asset Management Inc. acquired a new stake in shares of WEX in the third quarter valued at $93,289,000. Millennium Management LLC boosted its holdings in WEX by 652.7% in the first quarter. Millennium Management LLC now owns 412,665 shares of the business services provider's stock valued at $64,797,000 after purchasing an additional 357,842 shares during the period. Finally, Norges Bank acquired a new position in WEX during the 2nd quarter worth $42,812,000. 97.47% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
WEX has been the topic of several research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of WEX in a report on Wednesday, October 8th. Robert W. Baird boosted their price target on shares of WEX from $198.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, October 1st. UBS Group lowered their price objective on shares of WEX from $185.00 to $172.00 and set a "neutral" rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. dropped their target price on shares of WEX from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Friday, October 31st. Finally, Wall Street Zen upgraded WEX from a "hold" rating to a "buy" rating in a research note on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, WEX has a consensus rating of "Hold" and an average target price of $172.92.
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About WEX
(
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WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.
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