WEX Inc. (NYSE:WEX) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of WEX Inc. (NYSE:WEX – Get Free Report) have been assigned an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $185.64.

A number of brokerages recently issued reports on WEX. Piper Sandler initiated coverage on shares of WEX in a research report on Thursday, September 10th. They set a “neutral” rating and a $209.00 target price for the company. Mizuho upped their price objective on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Morgan Stanley raised their price objective on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of WEX in a report on Thursday, September 24th. Finally, Weiss Ratings raised WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th.

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Insider Activity at WEX

In other WEX news, CAO Jennifer Kimball sold 1,183 shares of the stock in a transaction dated Monday, July 27th. The shares were 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 $867,919.80. This represents a 19.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert Deshaies sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $184.95, for a total transaction of $184,950.00. Following the completion of the sale, the chief operating officer owned 19,288 shares of the company’s stock, valued at $3,567,315.60. The trade was a 4.93% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 38,110 shares of company stock valued at $7,204,066. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WEX

A number of large investors have recently modified their holdings of WEX. WINTON GROUP Ltd acquired a new stake in shares of WEX in the second quarter valued at approximately $4,982,000. Coppell Advisory Solutions LLC acquired a new position in WEX during the 2nd quarter worth $845,000. Geode Capital Management LLC boosted its position in WEX by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock valued at $95,209,000 after buying an additional 6,971 shares during the last quarter. Corient Private Wealth LP bought a new position in WEX in the 2nd quarter valued at $3,795,000. Finally, Clifford Capital Partners LLC acquired a new stake in shares of WEX in the 4th quarter valued at $14,202,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Price Performance

WEX stock opened at $169.09 on Wednesday. The business has a 50 day simple moving average of $189.20 and a 200 day simple moving average of $163.97. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $5.76 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 0.87 and a beta of 0.84. WEX has a one year low of $125.29 and a one year high of $203.99.

WEX (NYSE:WEX – Get Free Report) last released 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. The firm had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.95 earnings per share. 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, sell-side analysts forecast that WEX will post 17.15 EPS for the current fiscal year.

WEX Company Profile

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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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