WEX (NYSE:WEX) Reaches New 12-Month Low – Time to Sell?

WEX Inc. (NYSE:WEX)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $125.29 and last traded at $127.1640, with a volume of 698715 shares traded. The stock had previously closed at $127.53.

Wall Street Analyst Weigh In

Several research firms have commented on WEX. Raymond James Financial restated a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Morgan Stanley increased their target price on shares of WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Robert W. Baird raised 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. Loop Capital began coverage on shares of WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 price target on the stock. Finally, Wall Street Zen cut 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $173.70.

WEX Trading Up 0.5%

The business’s 50 day simple moving average is $148.73 and its 200 day simple moving average is $152.85. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.78 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The company had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. During the same period in the previous year, the business earned $3.51 EPS. WEX’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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, research analysts expect that WEX Inc. will post 16.77 EPS for the current fiscal year.

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

Insiders Place Their Bets

In related news, Director James R. Groch acquired 1,500 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the acquisition, the director directly owned 17,957 shares in the company, valued at approximately $2,566,953.15. This trade represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Robert Joseph Deshaies sold 1,200 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $144.84, for a total transaction of $173,808.00. Following the sale, the chief operating officer owned 22,288 shares of the company’s stock, valued at approximately $3,228,193.92. This represents a 5.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,200 shares of company stock valued at $1,318,798 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WEX

A number of hedge funds and other institutional investors have recently modified their holdings of WEX. Los Angeles Capital Management LLC bought a new stake in WEX in the 4th quarter valued at about $25,000. First Horizon Corp raised its position 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 buying an additional 94 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares during the period. Root Financial Partners LLC grew its position in WEX by 255.0% during the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after buying an additional 255 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in WEX by 225.4% during the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after acquiring an additional 257 shares during the period. Institutional investors and hedge funds 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.