Key Points
- WEX COO Robert Deshaies sold 2,000 shares at an average price of $173.56, totaling $347,120, under a pre-arranged Rule 10b5-1 trading plan. He retains 17,288 shares, a 10.37% reduction in his position.
- 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 EPS guidance of $5.45–$5.65 and full-year guidance of $19.68–$20.08.
- Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $185.64; WEX shares opened at $169.67, down 1.1%.
WEX Inc. (NYSE:WEX - Get Free Report) COO Robert Deshaies sold 2,000 shares of WEX stock in a transaction on Monday, October 5th. The stock was sold at an average price of $173.56, for a total value of $347,120.00. Following the transaction, the chief operating officer owned 17,288 shares in the company, valued at approximately $3,000,505.28. This represents a 10.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, July 30th, Robert Deshaies sold 1,000 shares of WEX stock. The shares were sold at an average price of $184.95, for a total transaction of $184,950.00.
WEX Trading Down 1.1%
Shares of WEX opened at $169.67 on Thursday. WEX Inc. has a 12-month low of $125.29 and a 12-month high of $203.99. The firm has a market capitalization of $5.78 billion, a P/E ratio of 16.90, a P/E/G ratio of 0.89 and a beta of 0.84. The firm has a 50-day moving average price of $188.46 and a 200 day moving average price of $164.39. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62.
WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, topping analysts' consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The company had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same period in the previous year, the firm earned $3.95 earnings per share. WEX's quarterly revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Sell-side analysts forecast that WEX Inc. will post 17.15 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Morgan Stanley lifted their price target 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. Keefe, Bruyette & Woods increased their price objective 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 reissued a "hold" rating on shares of WEX in a research note on Thursday, September 24th. Evercore upgraded WEX to an "outperform" rating in a research report on Tuesday, July 21st. Finally, Mizuho upped their price target on WEX from $170.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $185.64.
Check Out Our Latest Analysis on WEX
Hedge Funds Weigh In On WEX
Several large investors have recently made changes to their positions in WEX. Janus Henderson Group PLC raised its holdings in shares of WEX by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider's stock valued at $599,313,000 after buying an additional 44,031 shares during the period. Jupiter Topco LLC acquired a new position in WEX during the 2nd quarter worth about $559,710,000. BlackRock Inc. purchased a new position in WEX during the 2nd quarter valued at about $446,833,000. Bank of America Corp DE grew its position in WEX by 13.6% in 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 in the last quarter. Finally, Turtle Creek Asset Management Inc. grew its position in WEX by 58.5% in 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 in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.
WEX Company Profile
(
Get Free Report)
WEX Inc (NYSE: WEX) is a financial technology company that provides payment solutions and software for businesses, government agencies and consumers. Its offerings are designed to help organizations manage spending, payments and related administrative processes across mobility, corporate payments and employee benefits.
In its mobility business, WEX provides fleet payment cards and fleet-management tools for commercial vehicles, including fuel, maintenance and transportation-related expenses.
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