WEX (NYSE:WEX) Director James Groch Purchases 1,500 Shares of Stock

WEX Inc. (NYSE:WEX) Director James Groch acquired 1,500 shares of the company’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the transaction, the director owned 17,957 shares in the company, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

WEX Trading Up 2.1%

NYSE WEX opened at $144.05 on Thursday. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s fifty day moving average price is $154.55 and its 200 day moving average price is $153.32. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87. WEX Inc. has a 12 month low of $128.91 and a 12 month high of $186.85.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.92 by $0.23. The firm had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $3.51 EPS. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, sell-side analysts expect that WEX Inc. will post 16.48 earnings per share for the current fiscal year.

WEX declared that its board has approved a share buyback plan on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of WEX

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

Wall Street Analysts Forecast Growth

WEX has been the topic of a number of recent analyst reports. Loop Capital initiated coverage on shares of WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Robert W. Baird increased their target price on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Morgan Stanley increased their price target on shares of WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, 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 note on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, WEX currently has an average rating of “Hold” and an average target price of $169.27.

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.