Key Points
- WEX COO Carlos Carriedo sold 1,075 shares at an average price of $186, generating $199,950. Following the transaction, he retained 11,076 shares, an 8.85% reduction in his holdings.
- WEX reported quarterly EPS of $5.35, beating estimates of $5.08, while revenue rose 14.2% year over year to $753.5 million. The company issued third-quarter and full-year 2026 EPS guidance.
- The board authorized a $1 billion share-repurchase program, allowing WEX to buy back up to 21.2% of its outstanding shares. Analysts’ consensus rating remains “Hold,” with an average price target of $183.30.
WEX Inc. (NYSE:WEX - Get Free Report) COO Carlos Carriedo sold 1,075 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total value of $199,950.00. Following the completion of the sale, the chief operating officer owned 11,076 shares in the company, valued at approximately $2,060,136. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
WEX Stock Up 0.8%
Shares of WEX stock opened at $189.96 on Friday. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. WEX Inc. has a 1-year low of $125.29 and a 1-year high of $192.37. The business's fifty day moving average price is $153.70 and its two-hundred day moving average price is $154.53. The company has a market capitalization of $6.47 billion, a P/E ratio of 18.92, a PEG ratio of 1.05 and a beta of 0.82.
WEX (NYSE:WEX - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.27. The company had revenue of $753.50 million during the quarter, compared to analysts' expectations of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, research analysts forecast that WEX Inc. will post 17.12 EPS for the current year.
WEX declared that its Board of Directors has initiated a share buyback plan on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on WEX shares. Cantor Fitzgerald set a $178.00 price target on shares of WEX in a research note on Monday, July 27th. Wall Street Zen cut WEX from a "buy" rating to a "hold" rating in a report on Sunday, May 24th. Mizuho upped their price objective on WEX from $170.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of WEX from $180.00 to $160.00 and set a "hold" rating for the company in a research note on Friday, June 12th. Finally, Evercore raised WEX to an "outperform" rating in a report on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $183.30.
View Our Latest Stock Report on WEX
Hedge Funds Weigh In On WEX
Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC increased its position in WEX by 377.9% during the fourth quarter. CWM LLC now owns 17,395 shares of the business services provider's stock worth $2,592,000 after buying an additional 13,755 shares during the last quarter. M&T Bank Corp bought a new position in WEX in the 4th quarter worth approximately $28,129,000. Crossmark Global Holdings Inc. increased its position in WEX by 47.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider's stock worth $4,351,000 after acquiring an additional 9,410 shares during the period. Geode Capital Management LLC increased its holdings in shares of WEX by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider's stock worth $95,209,000 after purchasing an additional 6,971 shares during the period. Finally, CenterBook Partners LP increased its stake in WEX by 252.7% during the fourth quarter. CenterBook Partners LP now owns 70,834 shares of the business services provider's stock valued at $10,553,000 after acquiring an additional 50,752 shares during the period. Hedge funds and other institutional investors own 97.47% of the company's stock.
WEX Company Profile
(
Get Free Report)
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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