Key Points
- WEX COO Robert Joseph Deshaies sold 1,200 shares on May 28 at an average price of $144.84, totaling $173,808. After the sale, he still held 22,288 shares valued at about $3.23 million.
- WEX recently reported stronger-than-expected quarterly results, with EPS of $4.15 topping estimates and revenue of $673.8 million slightly above forecasts. The company also reaffirmed optimistic guidance, including FY 2026 EPS of $18.95 to $19.55.
- The board authorized a $1 billion share buyback program, which could allow repurchases of up to 21.2% of outstanding shares. Analysts currently have a mixed view, with an average rating of “Hold” and a consensus price target of $172.70.
WEX Inc. (NYSE:WEX - Get Free Report) COO Robert Joseph Deshaies sold 1,200 shares of the company's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $144.84, for a total transaction of $173,808.00. Following the transaction, the chief operating officer owned 22,288 shares in the company, valued at $3,228,193.92. This represents a 5.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
WEX Price Performance
Shares of NYSE WEX opened at $149.50 on Tuesday. The firm's 50-day moving average price is $153.15 and its 200-day moving average price is $153.33. WEX Inc. has a 1-year low of $128.91 and a 1-year high of $186.85. The firm has a market capitalization of $5.18 billion, a P/E ratio of 16.78, a P/E/G ratio of 0.90 and a beta of 0.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83.
WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. During the same quarter in the prior year, the business earned $3.51 earnings per share. The business's quarterly revenue was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Equities research analysts anticipate that WEX Inc. will post 16.48 earnings per share for the current fiscal year.
WEX announced that its board has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Essential Partners LLC grew its position in shares of 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 during the period. Arete Wealth Advisors LLC bought a new position in shares of WEX during the 1st quarter valued at approximately $3,501,000. Turtle Creek Asset Management Inc. grew its position in shares of WEX by 58.5% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider's stock valued at $102,435,000 after acquiring an additional 246,923 shares during the period. Bank of America Corp DE grew its position in shares of WEX by 13.6% during the 1st quarter. Bank of America Corp DE now owns 823,681 shares of the business services provider's stock valued at $126,056,000 after acquiring an additional 98,524 shares during the period. Finally, Intrinsic Edge Capital Management LLC bought a new position in shares of WEX during the 1st quarter valued at approximately $3,061,000. 97.47% of the stock is owned by institutional investors.
Analyst Ratings Changes
WEX has been the topic of a number of analyst reports. Wall Street Zen lowered shares of WEX from a "buy" rating to a "hold" rating in a report on Sunday, May 24th. UBS Group set a $165.00 target price on shares of WEX and gave the stock a "neutral" rating in a report on Friday, February 6th. Robert W. Baird upped their target price on shares of WEX from $210.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. Morgan Stanley upped their target price on shares of WEX from $146.00 to $158.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 21st. Finally, Raymond James Financial restated a "market perform" rating on shares of WEX in a report on Friday, March 6th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $172.70.
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WEX Company Profile
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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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