WEX (NYSE:WEX) CAO Sells $15,356.64 in Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 104 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $147.66, for a total transaction of $15,356.64. Following the sale, the chief accounting officer directly owned 6,099 shares of the company’s stock, valued at approximately $900,578.34. The trade was a 1.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Jennifer Kimball also recently made the following trade(s):

• On Tuesday, March 17th, Jennifer Kimball sold 715 shares of WEX stock. The shares were sold at an average price of $157.82, for a total transaction of $112,841.30.

WEX Stock Down 2.6%

Shares of WEX opened at $151.30 on Thursday. The company has a market capitalization of $5.19 billion, a P/E ratio of 17.80, a PEG ratio of 1.18 and a beta of 0.97. WEX Inc. has a one year low of $110.45 and a one year high of $180.71. The business’s 50 day simple moving average is $156.66 and its 200-day simple moving average is $154.95. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $660.89 million. During the same period last year, the firm posted $3.57 EPS. The business’s 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 predict that WEX Inc. will post 14.09 EPS for the current fiscal year.

Hedge Funds Weigh In On WEX

Several large investors have recently made changes to their positions in the company. American Century Companies Inc. raised its position in shares of WEX by 1.9% during the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after purchasing an additional 60 shares during the period. Johnson Investment Counsel Inc. grew its position in shares of WEX by 0.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock valued at $1,515,000 after purchasing an additional 70 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in WEX by 3.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock worth $403,000 after purchasing an additional 74 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in WEX by 1.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock worth $785,000 after buying an additional 94 shares during the period. Finally, First Horizon Corp raised its holdings in WEX by 65.7% during the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. UBS Group set a $165.00 price objective on shares of WEX and gave the company a “neutral” rating in a research report on Friday, February 6th. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. JPMorgan Chase & Co. reduced their target price on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Finally, Mizuho decreased their price target on shares of WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $162.27.

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.