WEX Inc. (NYSE:WEX - Get Free Report) COO Robert Joseph Deshaies sold 2,000 shares of the business's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total transaction of $296,800.00. Following the completion of the transaction, the chief operating officer owned 20,288 shares of the company's stock, valued at approximately $3,010,739.20. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robert Joseph Deshaies also recently made the following trade(s):
- On Thursday, May 28th, Robert Joseph Deshaies sold 1,200 shares of WEX stock. The stock was sold at an average price of $144.84, for a total transaction of $173,808.00.
WEX Stock Down 2.8%
WEX stock opened at $148.92 on Thursday. WEX Inc. has a one year low of $125.29 and a one year high of $186.85. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. The firm's fifty day moving average is $141.98 and its 200 day moving average is $151.87. The firm has a market cap of $5.16 billion, a PE ratio of 16.71, a P/E/G ratio of 0.94 and a beta of 0.85.
WEX (NYSE:WEX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The business had revenue of $673.80 million during the quarter, compared to the consensus estimate of $660.96 million. During the same quarter in the prior year, the firm posted $3.51 earnings per share. The company's 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. On average, research analysts forecast that WEX Inc. will post 16.77 EPS for the current year.
WEX declared that its board has authorized a share repurchase program on Thursday, May 14th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to reacquire up to 21.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.
Institutional Investors Weigh In On WEX
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in shares of WEX in the fourth quarter valued at about $25,000. First Horizon Corp grew its stake 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 acquiring an additional 94 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake 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 in the last quarter. Root Financial Partners LLC raised its holdings in WEX by 255.0% in the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider's stock valued at $54,000 after acquiring an additional 255 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in WEX by 225.4% in the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider's stock valued at $55,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company's stock.
Analysts Set New Price Targets
Several brokerages have commented on WEX. Cantor Fitzgerald dropped their price objective on WEX from $173.00 to $152.00 and set a "neutral" rating on the stock in a report on Monday, June 29th. Morgan Stanley increased their target price on WEX from $146.00 to $158.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 21st. Robert W. Baird lifted their price target on shares of WEX from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of WEX from a "buy" rating to a "hold" rating in a report on Sunday, May 24th. Finally, Weiss Ratings downgraded shares of WEX from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, WEX has a consensus rating of "Hold" and a consensus price target of $172.30.
Get Our Latest Research Report on WEX
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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