WEX Inc. (NYSE:WEX – Get Free Report) Director Lauren Taylor Wolfe sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $181.00, for a total value of $36,200,000.00. Following the sale, the director owned 1,507,457 shares in the company, valued at approximately $272,849,717. This represents a 11.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Lauren Taylor Wolfe also recently made the following trade(s):
- On Friday, November 6th, Lauren Taylor Wolfe sold 34,577 shares of WEX stock. The stock was sold at an average price of $184.19, for a total value of $6,368,737.63.
WEX Stock Down 0.9%
Shares of WEX stock opened at $180.93 on Wednesday. WEX Inc. has a one year low of $125.29 and a one year high of $203.99. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a fifty day moving average price of $183.85 and a 200 day moving average price of $165.37. The stock has a market cap of $5.95 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 0.72 and a beta of 0.93.
WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The business services provider reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $0.45. WEX had a net margin of 14.05% and a return on equity of 45.74%. The firm had revenue of $780.10 million for the quarter, compared to analyst estimates of $749.74 million. During the same quarter in the previous year, the firm posted $4.59 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts predict that WEX Inc. will post 18.19 earnings per share for the current year.
Trending Headlines about WEX
Here are the key news stories impacting WEX this week:
- Positive Sentiment: WEX reportedly outperformed the broader market following an activist-investor settlement. The resolution could ease investor concerns, although the supplied report does not detail the settlement’s terms. Article: WEX Inc. Outperforms Market Following Activist Investor Settlement
- Neutral Sentiment: WEX launched the WEX Index, reporting on how fleet operators responded to the 2026 fuel-price surge, as well as fraud risks and electric-vehicle readiness. The launch may support WEX’s industry profile, but the announcement provides no indication of near-term revenue or profit effects. Article: WEX Launches New WEX Index
- Negative Sentiment: Director Lauren Taylor Wolfe sold 200,000 shares at an average of $181 and another 34,577 shares at $184.19, for about $42.6 million combined. The sales may raise concerns about insider sentiment; however, she retained more than 1.47 million shares after the reported transactions. Article: WEX Director Stock Sales
Institutional Investors Weigh In On WEX
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jupiter Topco LLC acquired a new position in shares of WEX during the second quarter valued at $559,710,000. BlackRock Inc. acquired a new stake in WEX in the second quarter worth about $446,833,000. Bank of America Corp DE bought a new stake in WEX during the 2nd quarter worth about $115,086,000. Turtle Creek Asset Management Inc. raised its holdings in WEX by 58.5% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider’s stock worth $102,435,000 after purchasing an additional 246,923 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in WEX during the 2nd quarter worth about $30,672,000. 97.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently issued reports on WEX. Piper Sandler began coverage on shares of WEX in a research report on Thursday, September 10th. They issued a “neutral” rating and a $209.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of WEX in a report on Thursday, September 24th. Morgan Stanley increased their target price on WEX from $172.00 to $178.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 27th. Keefe, Bruyette & Woods increased their target price on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, Wall Street Zen upgraded WEX from a “hold” rating to a “buy” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.10.
View Our Latest Research Report on WEX
WEX Company Profile
WEX Inc. is a financial technology company that provides payment processing and business management solutions. Founded in 1983 as Wright Express, the company adopted the WEX name in 2012 and is headquartered in Portland, Maine. WEX’s fleet business offers payment cards and related services for commercial and government fleets, including tools to manage fuel purchases, vehicle expenses and fleet operations. Its travel and corporate payments business provides solutions such as virtual cards and payment services for travel companies and other businesses.
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