Robert Joseph Deshaies Sells 1,200 Shares of WEX (NYSE:WEX) Stock

Posted by Francis Steltz on Jun 3rd, 2026

WEX Inc. (NYSE:WEX – Get Free Report) COO Robert Joseph Deshaies sold 1,200 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $144.84, for a total transaction of $173,808.00. Following the completion of the sale, the chief operating officer owned 22,288 shares in the company, valued at approximately $3,228,193.92. The trade was a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

WEX Trading Down 1.1%

Shares of WEX stock opened at $147.79 on Wednesday. The company’s fifty day simple moving average is $153.15 and its 200-day simple moving average is $153.33. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 0.93 and a beta of 0.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX Inc. has a 1 year low of $132.35 and a 1 year high of $186.85.

WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.92 by $0.23. The business had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. WEX’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company 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, sell-side analysts expect that WEX Inc. will post 16.48 EPS for the current year.

WEX announced that its board has authorized a share buyback program on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On WEX

Institutional investors and hedge funds have recently made changes to their positions in the company. Earnest Partners LLC boosted its stake in shares of WEX by 1.1% in the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock valued at $143,006,000 after purchasing an additional 10,027 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of WEX by 1,289.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider’s stock valued at $3,119,000 after purchasing an additional 18,372 shares in the last quarter. Citigroup Inc. boosted its stake in shares of WEX by 103.8% in the 3rd quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock valued at $3,795,000 after purchasing an additional 12,266 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of WEX by 289.4% in the 3rd quarter. Intech Investment Management LLC now owns 14,066 shares of the business services provider’s stock valued at $2,216,000 after purchasing an additional 10,454 shares in the last quarter. Finally, Snyder Capital Management L P boosted its stake in shares of WEX by 13.6% in the 3rd quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider’s stock valued at $27,635,000 after purchasing an additional 21,028 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analysts Set New Price Targets

WEX has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Morgan Stanley lifted their price target on shares of WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research note on Monday, April 20th. Loop Capital initiated coverage on shares of WEX in a research note on Monday, April 27th. They set a “buy” rating and a $195.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $172.70.

View Our Latest Report 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.