WEX (NYSE:WEX) COO Sells $173,808.00 in Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,200 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $144.84, for a total value of $173,808.00. Following the sale, the chief operating officer directly owned 22,288 shares in the company, valued at $3,228,193.92. This represents a 5.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

WEX Stock Up 3.1%

Shares of WEX stock traded up $4.54 during trading hours on Monday, reaching $149.50. 568,874 shares of the company were exchanged, compared to its average volume of 513,813. WEX Inc. has a 1 year low of $128.91 and a 1 year high of $186.85. The stock’s fifty day moving average is $153.19 and its 200 day moving average is $153.32. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $5.18 billion, a PE ratio of 16.78, a PEG ratio of 0.90 and a beta of 0.85.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The business had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. During the same quarter in the prior year, the company earned $3.51 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, equities research analysts forecast that WEX Inc. will post 16.48 earnings per share for the current year.

WEX announced that its board has authorized a share repurchase program on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 21.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley increased their target price on WEX from $146.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Raymond James Financial reissued a “market perform” rating on shares of WEX in a report on Friday, March 6th. Robert W. Baird increased their target price on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Loop Capital assumed coverage on WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price on the stock. Finally, Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, WEX currently has a consensus rating of “Hold” and an average target price of $172.70.

Hedge Funds Weigh In On WEX

Hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in shares of WEX during the fourth quarter worth about $25,000. First Horizon Corp grew its holdings in shares of WEX by 65.7% during the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after purchasing an additional 173 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of WEX by 162.1% during the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock worth $36,000 after purchasing an additional 141 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of WEX by 56.7% during the third quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock worth $53,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other 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.