Robert Joseph Deshaies Sells 1,032 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,032 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $166.00, for a total transaction of $171,312.00. Following the completion of the sale, the chief operating officer owned 15,699 shares in the company, valued at $2,606,034. This represents a 6.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Robert Joseph Deshaies also recently made the following trade(s):

• On Wednesday, November 26th, Robert Joseph Deshaies sold 1,506 shares of WEX stock. The shares were sold at an average price of $149.62, for a total value of $225,327.72.

WEX Trading Up 3.2%

NYSE WEX opened at $157.59 on Friday. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $180.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. The business’s fifty day moving average is $154.79 and its 200 day moving average is $157.76.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating the consensus estimate of $3.90 by $0.21. WEX had a return on equity of 48.01% and a net margin of 11.43%.The firm had revenue of $672.90 million during the quarter, compared to the consensus estimate of $660.89 million. During the same period last year, the company earned $3.57 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, sell-side analysts expect that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WEX shares. Mizuho decreased their price target on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Morgan Stanley set a $146.00 price objective on WEX in a report on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Cantor Fitzgerald upped their price target on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, UBS Group set a $165.00 price objective on WEX and gave the stock a “neutral” rating in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $162.27.

Institutional Investors Weigh In On WEX

Several institutional investors and hedge funds have recently made changes to their positions in WEX. Vanguard Group Inc. increased its holdings in WEX by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock worth $513,903,000 after purchasing an additional 12,099 shares in the last quarter. Boston Partners grew its position in shares of WEX by 13.7% during the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock worth $215,955,000 after buying an additional 174,079 shares during the period. JPMorgan Chase & Co. increased its stake in shares of WEX by 1.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,085,795 shares of the business services provider’s stock valued at $159,494,000 after acquiring an additional 17,691 shares in the last quarter. Earnest Partners LLC lifted its position in shares of WEX by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock valued at $143,006,000 after acquiring an additional 10,027 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of WEX by 8.6% during the 3rd quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock valued at $138,474,000 after acquiring an additional 69,375 shares during the period. Institutional investors own 97.47% of the company’s stock.

About WEX

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.