WEX Inc. (NYSE:WEX – Get Free Report) Director James Groch purchased 1,500 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the transaction, the director owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This trade represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
WEX Stock Up 2.1%
Shares of NYSE WEX traded up $2.97 during mid-day trading on Wednesday, reaching $144.05. 485,899 shares of the company’s stock were exchanged, compared to its average volume of 514,610. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.95 and a beta of 0.87. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. The business has a fifty day simple moving average of $154.91 and a 200 day simple moving average of $153.37. WEX Inc. has a twelve month low of $128.91 and a twelve month high of $186.85.
WEX (NYSE:WEX – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. The company had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.WEX’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.51 earnings per share. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, equities analysts expect that WEX Inc. will post 15.37 EPS for the current fiscal year.
Analyst Ratings Changes
WEX has been the topic of a number of recent research reports. Mizuho dropped their target price on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research report on Monday, April 20th. Loop Capital initiated coverage on WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price on the stock. Raymond James Financial reissued a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Finally, Robert W. Baird boosted their price objective on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, WEX presently has an average rating of “Hold” and a consensus target price of $169.27.
Read Our Latest Stock Report on WEX
Institutional Trading of WEX
A number of institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new position in shares of WEX during the 4th quarter worth approximately $25,000. First Horizon Corp increased its position in shares of WEX by 65.7% during the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of 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 worth $35,000 after purchasing an additional 173 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of WEX by 162.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock worth $36,000 after purchasing an additional 141 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of WEX by 56.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock worth $53,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.
About WEX
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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