Key Points
- WEX CEO Melissa Smith sold 28,109 shares for approximately $5.34 million under a pre-arranged Rule 10b5-1 trading plan, reducing her stake by 18.17% to 126,625 shares.
- WEX reported quarterly revenue of $753.5 million and adjusted earnings of $5.35 per share, beating analyst estimates, while revenue increased 14.2% year over year. The company issued fiscal 2026 EPS guidance of $19.68–$20.08.
- The board authorized a $1 billion share-repurchase program, potentially covering up to 21.2% of outstanding shares. Analysts collectively rate WEX “Hold,” with an average price target of $183.30 versus the stock’s reported $194.70 price.
WEX Inc. (NYSE:WEX - Get Free Report) CEO Melissa Smith sold 28,109 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $190.09, for a total transaction of $5,343,239.81. Following the sale, the chief executive officer owned 126,625 shares of the company's stock, valued at $24,070,146.25. This represents a 18.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
WEX Trading Up 1.0%
NYSE WEX opened at $194.70 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. The firm's fifty day moving average price is $176.08 and its 200 day moving average price is $159.83. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.83. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $203.99.
WEX (NYSE:WEX - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $5.08 by $0.27. The business had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, sell-side analysts expect that WEX Inc. will post 17.11 earnings per share for the current fiscal year.
WEX announced that its board has approved a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.
Institutional Trading of WEX
A number of hedge funds have recently added to or reduced their stakes in WEX. California State Teachers Retirement System increased its stake in shares of WEX by 13,928.9% during the 2nd quarter. California State Teachers Retirement System now owns 5,361,984 shares of the business services provider's stock valued at $756,522,000 after acquiring an additional 5,323,763 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of WEX in the second quarter worth approximately $559,710,000. BlackRock Inc. purchased a new stake in WEX in the second quarter valued at approximately $446,833,000. Bank of America Corp DE purchased a new stake in WEX in the second quarter valued at approximately $115,086,000. Finally, AQR Capital Management LLC increased its position in WEX by 794.0% during the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider's stock worth $132,563,000 after purchasing an additional 790,271 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded WEX from a "buy" rating to a "hold" rating in a research note on Sunday, May 24th. Keefe, Bruyette & Woods boosted their target price on WEX from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of WEX from $180.00 to $160.00 and set a "hold" rating on the stock in a report on Friday, June 12th. Cantor Fitzgerald set a $178.00 price objective on WEX in a research report on Monday, July 27th. Finally, Evercore raised shares of WEX to an "outperform" rating in a research note on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $183.30.
Check Out Our Latest Analysis on WEX
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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