WEX Inc. (NYSE:WEX - Get Free Report) COO Joel Alan Dearborn, Jr. sold 3,500 shares of the business's stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $175.00, for a total transaction of $612,500.00. Following the completion of the sale, the chief operating officer directly owned 22,872 shares in the company, valued at approximately $4,002,600. This represents a 13.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
WEX Stock Up 2.1%
Shares of WEX opened at $177.13 on Tuesday. The company has a market capitalization of $6.14 billion, a PE ratio of 20.84, a PEG ratio of 1.29 and a beta of 0.93. WEX Inc. has a 12 month low of $118.67 and a 12 month high of $180.71. The stock's 50-day moving average price is $158.38 and its two-hundred day moving average price is $154.26. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86.
WEX (NYSE:WEX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.90 by $0.21. The firm had revenue of $672.90 million for the quarter, compared to the consensus estimate of $660.89 million. WEX had a net margin of 11.43% and a return on equity of 48.01%. The company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.57 EPS. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. On average, analysts anticipate that WEX Inc. will post 15.55 EPS for the current year.
Wall Street Analysts Forecast Growth
WEX has been the topic of a number of research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of WEX in a research report on Wednesday, January 21st. Cantor Fitzgerald increased their price objective on WEX from $158.00 to $166.00 and gave the stock a "neutral" rating in a research note on Monday, February 9th. Raymond James Financial reiterated a "market perform" rating on shares of WEX in a report on Friday, March 6th. Morgan Stanley set a $146.00 price objective on WEX in a research report on Friday, February 6th. Finally, Wall Street Zen raised shares of WEX from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Three research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, WEX presently has a consensus rating of "Hold" and a consensus target price of $162.27.
Check Out Our Latest Stock Analysis on WEX
Hedge Funds Weigh In On WEX
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC purchased a new position in WEX during the fourth quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of WEX in the 3rd quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted 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 acquiring an additional 173 shares during the period. Hantz Financial Services Inc. boosted its holdings in WEX by 162.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider's stock valued at $36,000 after acquiring an additional 141 shares during the period. Finally, First Horizon Corp boosted its position in WEX by 65.7% during 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. 97.47% of the stock is currently owned by hedge funds and other institutional investors.
About WEX
(
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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.
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