WEX (NYSE:WEX) COO Sells $173,808.00 in Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were 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 directly owned 22,288 shares in the company, valued at approximately $3,228,193.92. This trade represents a 5.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WEX Stock Down 1.7%

Shares of NYSE:WEX opened at $145.83 on Thursday. The firm’s 50 day moving average price is $152.78 and its 200 day moving average price is $153.39. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 0.92 and a beta of 0.85. WEX Inc. has a fifty-two week low of $132.35 and a fifty-two week high of $186.85. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.23. The firm had revenue of $673.80 million for the quarter, compared to analysts’ expectations of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $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 research analysts predict that WEX Inc. will post 16.49 earnings per share for the current fiscal year.

WEX announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 21.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WEX. Loop Capital began coverage on shares of WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 price objective on the stock. Cantor Fitzgerald raised their price objective on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. JPMorgan Chase & Co. cut their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, UBS Group set a $165.00 price objective on shares of WEX and gave the stock a “neutral” rating in a report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, WEX presently has a consensus rating of “Hold” and a consensus target price of $172.70.

Hedge Funds Weigh In On WEX

Hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC purchased a new position in shares of WEX during the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its position in shares of WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after acquiring an additional 173 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of WEX by 162.1% during the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock worth $36,000 after acquiring an additional 141 shares during the last quarter. First Horizon Corp grew its position in shares of WEX by 65.7% during the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after acquiring an additional 94 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of WEX by 56.7% during the third quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock worth $53,000 after acquiring an additional 119 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

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.