WEX Inc. (NYSE:WEX) Given Average Recommendation of “Hold” by Brokerages

Shares of WEX Inc. (NYSE:WEX) have been assigned an average rating of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Twelve analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $169.2727.

A number of research analysts have commented on WEX shares. Mizuho decreased their price objective on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Cantor Fitzgerald boosted their target price on shares of WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. UBS Group set a $165.00 price target on shares of WEX and gave the company a “neutral” rating in a research note on Friday, February 6th. Robert W. Baird lifted their price objective on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, February 6th.

Insider Buying and Selling

In related news, COO Carlos Carriedo sold 1,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total value of $251,842.50. Following the completion of the sale, the chief operating officer directly owned 3,695 shares in the company, valued at approximately $590,830.50. The trade was a 29.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jennifer Kimball sold 715 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total value of $112,841.30. Following the sale, the chief accounting officer directly owned 6,203 shares in the company, valued at $978,957.46. This represents a 10.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 15,479 shares of company stock valued at $2,454,914 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in WEX by 387.1% in the first quarter. Fifth Third Bancorp now owns 28,746 shares of the business services provider’s stock valued at $4,399,000 after purchasing an additional 22,845 shares in the last quarter. Isthmus Partners LLC grew its stake in WEX by 22.7% during the first quarter. Isthmus Partners LLC now owns 2,549 shares of the business services provider’s stock worth $390,000 after buying an additional 472 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in WEX by 2.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,979 shares of the business services provider’s stock worth $1,068,000 after buying an additional 167 shares in the last quarter. QRG Capital Management Inc. bought a new position in WEX in the 1st quarter valued at about $201,000. Finally, HB Wealth Management LLC acquired a new position in shares of WEX in the 1st quarter valued at approximately $286,000. Institutional investors own 97.47% of the company’s stock.

WEX Trading Up 0.5%

Shares of WEX stock opened at $151.08 on Friday. WEX has a 12-month low of $120.03 and a 12-month high of $186.85. The company has a market capitalization of $5.24 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.95 and a beta of 0.87. The firm has a 50 day moving average price of $158.54 and a two-hundred day moving average price of $154.46. 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 posted its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $3.92 by $0.23. The company had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.51 earnings per share. 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, analysts predict that WEX will post 16.34 earnings per share for the current year.

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.