WEX (NYSE:WEX) CAO Jennifer Kimball Sells 494 Shares

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total value of $74,791.60. Following the sale, the chief accounting officer owned 3,671 shares of the company’s stock, valued at approximately $555,789.40. This represents a 11.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

WEX Stock Performance

Shares of NYSE WEX traded up $2.72 during trading hours on Monday, reaching $153.62. 329,476 shares of the stock were exchanged, compared to its average volume of 583,760. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.20 and a beta of 1.03. The stock’s fifty day simple moving average is $149.30 and its 200 day simple moving average is $156.29. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.05 and a current ratio of 1.05. WEX Inc. has a 52 week low of $110.45 and a 52 week high of $188.70.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.14. The firm had revenue of $691.80 million for the quarter, compared to analyst estimates of $678.25 million. WEX had a return on equity of 45.10% and a net margin of 10.81%.The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.35 EPS. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. Sell-side analysts predict that WEX Inc. will post 14.09 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on WEX. Zacks Research downgraded shares of WEX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Bank of America upgraded shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price target for the company in a research report on Wednesday, October 22nd. Wall Street Zen upgraded WEX from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Robert W. Baird raised their price objective on WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. dropped their price objective on WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $172.92.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its stake in shares of WEX by 399.9% in 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 purchasing an additional 168,558 shares in the last quarter. Lightrock Netherlands B.V. increased its position in WEX by 205.0% during the 2nd 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 in the last quarter. Optimize Financial Inc acquired a new position in WEX during the 1st quarter worth approximately $389,000. Lifestyle Asset Management Inc. lifted its stake in WEX by 47.2% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 7,739 shares of the business services provider’s stock valued at $1,137,000 after purchasing an additional 2,482 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in WEX in the first quarter valued at approximately $400,000. Institutional investors and hedge funds 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.