WEX (NYSE:WEX) Insider Sara Trickett Sells 1,815 Shares of Stock

WEX Inc. (NYSE:WEX) insider Sara Trickett sold 1,815 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $149.95, for a total transaction of $272,159.25. Following the completion of the sale, the insider owned 2,137 shares of the company’s stock, valued at $320,443.15. This trade represents a 45.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

WEX Stock Up 1.9%

Shares of NYSE:WEX traded up $2.80 during trading on Thursday, hitting $152.83. The stock had a trading volume of 54,873 shares, compared to its average volume of 449,107. The company has a market capitalization of $5.24 billion, a PE ratio of 17.98, a PEG ratio of 1.16 and a beta of 0.98. 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 firm’s fifty day moving average is $155.13 and its 200 day moving average is $156.90. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $180.71.

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

Institutional Trading of WEX

Several institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in WEX by 1.9% during the 2nd 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. lifted its holdings in 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 acquiring an additional 70 shares during the period. Vanguard Personalized Indexing Management LLC raised its position 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 buying an additional 74 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in WEX by 1.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock worth $785,000 after acquiring an additional 94 shares during the last quarter. Finally, First Horizon Corp raised its holdings in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 94 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Morgan Stanley set a $146.00 target price on shares of WEX in a report on Friday, February 6th. Mizuho cut their price target on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Cantor Fitzgerald boosted their target price on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, WEX presently has a consensus rating of “Hold” and a consensus target price of $162.27.

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.