Key Points
- WEX COO Joel Alan Dearborn Jr. sold 3,343 shares at an average price of $200, worth $668,600, reducing his direct holdings by 16.42% to 17,021 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- WEX reported stronger-than-expected quarterly results, with $5.35 adjusted EPS and $753.5 million in revenue, up 14.2% year over year. The company issued 2026 guidance of $5.45–$5.65 EPS for Q3 and $19.68–$20.08 for the full year.
- WEX shares opened at $197.19, near their 52-week high of $203.99, while analysts maintain a consensus “Hold” rating and an average price target of $185.64. Institutional investors own 97.47% of the company.
WEX Inc. (NYSE:WEX - Get Free Report) COO Joel Alan Dearborn, Jr. sold 3,343 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $200.00, for a total value of $668,600.00. Following the transaction, the chief operating officer directly owned 17,021 shares in the company, valued at approximately $3,404,200. This represents a 16.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
WEX Stock Performance
Shares of WEX stock opened at $197.19 on Thursday. The stock's 50-day moving average price is $184.81 and its 200 day moving average price is $162.32. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $6.72 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.04 and a beta of 0.83. WEX Inc. has a 52-week low of $125.29 and a 52-week high of $203.99.
WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping analysts' consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company had revenue of $753.50 million during the quarter, compared to analysts' expectations of $740.72 million. During the same period last year, the firm earned $3.95 EPS. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. 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, equities research analysts forecast that WEX Inc. will post 17.13 EPS for the current year.
Analysts Set New Price Targets
WEX has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of WEX from a "buy" rating to a "hold" rating in a research report on Sunday, May 24th. Weiss Ratings raised shares of WEX from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Evercore upgraded shares of WEX to an "outperform" rating in a research note on Tuesday, July 21st. Mizuho increased their price target on shares of WEX from $170.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Finally, Morgan Stanley raised their price objective on shares of WEX from $161.00 to $172.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $185.64.
Get Our Latest Report on WEX
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Eukles Asset Management grew its position in WEX by 2.8% in the fourth quarter. Eukles Asset Management now owns 3,429 shares of the business services provider's stock worth $511,000 after buying an additional 95 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of WEX by 2.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,280 shares of the business services provider's stock valued at $961,000 after acquiring an additional 124 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of WEX by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 9,087 shares of the business services provider's stock worth $1,282,000 after acquiring an additional 135 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of WEX by 2.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,979 shares of the business services provider's stock worth $1,068,000 after acquiring an additional 167 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of WEX in the 2nd quarter worth $26,000. Institutional investors and hedge funds own 97.47% of the company's stock.
WEX Company Profile
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Get Free Report)
WEX Inc (NYSE: WEX) is a global financial technology company that provides payment and expense-management solutions for businesses. Its offerings help organizations manage vehicle-related spending, corporate payments, travel expenses, and employee benefits through specialized payment products and digital platforms.
WEX's mobility business provides fleet payment cards, fuel and maintenance expense management, telematics-related tools, and other services for commercial fleets, trucking companies, government agencies, and transportation businesses.
Further Reading
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