WEX (NYSE:WEX) Reaches New 12-Month High – Here’s What Happened

WEX Inc. (NYSE:WEX)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $191.72 and last traded at $191.56, with a volume of 54697 shares trading hands. The stock had previously closed at $189.19.

Analyst Ratings Changes

Several brokerages have recently issued reports on WEX. Weiss Ratings cut shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Mizuho increased their price target on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a research report on Monday, July 27th. Finally, Evercore raised shares of WEX to an “outperform” rating in a research note on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, WEX presently has an average rating of “Hold” and an average target price of $183.30.

WEX Trading Up 0.2%

The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $6.46 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.04 and a beta of 0.82. The stock has a 50-day moving average price of $151.88 and a two-hundred day moving average price of $154.11.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. The company had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, research analysts forecast that WEX Inc. will post 17.12 EPS for the current fiscal year.

WEX announced that its board has approved a stock buyback program on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at WEX

In other WEX news, CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.55, for a total value of $208,858.65. Following the completion of the sale, the chief accounting officer directly owned 4,916 shares in the company, valued at $867,919.80. This trade represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ann Elena Drew sold 3,400 shares of WEX stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $176.02, for a total value of $598,468.00. Following the sale, the insider directly owned 7,988 shares in the company, valued at approximately $1,406,047.76. The trade was a 29.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 8,783 shares of company stock worth $1,462,885. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WEX. Los Angeles Capital Management LLC bought a new stake in shares of WEX during the fourth quarter valued at approximately $25,000. First Horizon Corp raised its holdings in WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after purchasing an additional 173 shares in the last quarter. Root Financial Partners LLC lifted its position in WEX by 255.0% during the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock valued at $54,000 after buying an additional 255 shares during the period. Finally, IFP Advisors Inc lifted its position in WEX by 225.4% during the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock valued at $55,000 after buying an additional 257 shares during the period. Hedge funds and other institutional investors 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.