WEX Inc. (NYSE:WEX – Get Free Report) CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $176.55, for a total transaction of $208,858.65. Following the sale, the chief accounting officer owned 4,916 shares of the company’s stock, valued at approximately $867,919.80. This represents a 19.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
WEX Stock Up 0.3%
Shares of WEX opened at $187.04 on Friday. WEX Inc. has a 52 week low of $125.29 and a 52 week high of $191.38. The firm has a market cap of $6.37 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.85. The firm’s 50-day simple moving average is $150.32 and its 200 day simple moving average is $153.76. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04.
WEX (NYSE:WEX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The firm had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same period last year, the business posted $3.95 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that WEX Inc. will post 17.12 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on WEX. Keefe, Bruyette & Woods upped their price objective on WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Mizuho lifted their target price on WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Weiss Ratings downgraded shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Finally, Robert W. Baird lifted their price objective on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, WEX presently has an average rating of “Hold” and an average target price of $183.30.
View Our Latest Analysis on WEX
Institutional Investors Weigh In On WEX
A number of large investors have recently added to or reduced their stakes in WEX. Janus Henderson Group PLC increased its stake in WEX by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock worth $599,313,000 after acquiring an additional 44,031 shares during the period. Par Capital Management Inc. lifted its position in shares of WEX by 21.6% during the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after acquiring an additional 400,500 shares during the period. Boston Partners lifted its position in shares of WEX by 13.7% during the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock valued at $215,955,000 after acquiring an additional 174,079 shares during the period. AQR Capital Management LLC increased its position in shares of WEX by 794.0% in 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 period. Finally, Bank of America Corp DE raised its stake in WEX by 8.6% in the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock valued at $138,474,000 after purchasing an additional 69,375 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.
WEX Company Profile
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.
Read More
- Five stocks we like better than WEX
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for WEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEX and related companies with MarketBeat.com's FREE daily email newsletter.
