Stephen Montgomery Smith Purchases 1,000 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) Director Stephen Montgomery Smith acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of $144.25 per share, with a total value of $144,250.00. Following the completion of the transaction, the director directly owned 7,971 shares in the company, valued at approximately $1,149,816.75. The trade was a 14.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

WEX Price Performance

Shares of NYSE:WEX opened at $136.63 on Wednesday. The company has a debt-to-equity ratio of 3.99, a quick ratio of 1.04 and a current ratio of 1.04. The business’s fifty day moving average price is $155.46 and its two-hundred day moving average price is $153.73. The stock has a market cap of $4.68 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24. WEX Inc. has a one year low of $110.45 and a one year high of $191.43.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.14. The business had revenue of $691.80 million for the quarter, compared to the consensus estimate of $678.25 million. WEX had a return on equity of 45.36% and a net margin of 10.81%.The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.35 earnings per share. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. On average, analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wall Street Zen upgraded WEX from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. lowered their price objective on WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Zacks Research downgraded WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. William Blair reissued a “market perform” rating on shares of WEX in a research note on Friday, July 25th. Finally, Robert W. Baird upped their price objective on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $172.92.

Hedge Funds Weigh In On WEX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in WEX by 1.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 59,053 shares of the business services provider’s stock worth $9,272,000 after buying an additional 578 shares during the last quarter. Jane Street Group LLC raised its position in shares of WEX by 399.9% during the 1st quarter. Jane Street Group LLC now owns 210,707 shares of the business services provider’s stock valued at $33,085,000 after acquiring an additional 168,558 shares in the last quarter. Cerity Partners LLC lifted its stake in WEX by 88.5% during the first quarter. Cerity Partners LLC now owns 10,002 shares of the business services provider’s stock worth $1,571,000 after purchasing an additional 4,695 shares during the last quarter. Lightrock Netherlands B.V. boosted its holdings in WEX by 205.0% in the second quarter. Lightrock Netherlands B.V. now owns 36,600 shares of the business services provider’s stock worth $5,376,000 after purchasing an additional 24,600 shares during the period. Finally, Optimize Financial Inc bought a new stake in WEX during the first quarter valued at $389,000. 97.47% of the stock is owned by hedge funds and other institutional investors.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.