Insider Selling: WEX (NYSE:WEX) CAO Sells 494 Shares of Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 494 shares of WEX stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $151.40, for a total value of $74,791.60. Following the transaction, the chief accounting officer owned 3,671 shares in the company, valued at approximately $555,789.40. This represents a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

WEX Stock Up 1.8%

Shares of NYSE WEX traded up $2.72 during mid-day trading on Monday, reaching $153.62. 329,476 shares of the company’s stock were exchanged, compared to its average volume of 583,760. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $188.70. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.20 and a beta of 1.03. The business has a fifty day simple moving average of $149.30 and a 200 day simple moving average of $156.29.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.14. WEX had a return on equity of 45.10% and a net margin of 10.81%.The business had revenue of $691.80 million during the quarter, compared to analysts’ expectations of $678.25 million. During the same period in the prior year, the business earned $4.35 EPS. WEX’s revenue for the quarter was up 4.0% compared to the same quarter last year. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. As a group, equities analysts expect that WEX Inc. will post 14.09 EPS for the current fiscal year.

Institutional Investors Weigh In On WEX

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its position in WEX by 399.9% during the first quarter. Jane Street Group LLC now owns 210,707 shares of the business services provider’s stock worth $33,085,000 after purchasing an additional 168,558 shares during the period. Lightrock Netherlands B.V. raised its position in shares of WEX by 205.0% in the second quarter. Lightrock Netherlands B.V. now owns 36,600 shares of the business services provider’s stock valued at $5,376,000 after purchasing an additional 24,600 shares during the period. Optimize Financial Inc acquired a new stake in shares of WEX during the 1st quarter worth about $389,000. Lifestyle Asset Management Inc. lifted its stake in shares of WEX by 47.2% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 7,739 shares of the business services provider’s stock worth $1,137,000 after buying an additional 2,482 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of WEX during the 1st quarter worth about $400,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WEX shares. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Zacks Research cut shares of WEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. UBS Group lowered their price objective on shares of WEX from $185.00 to $172.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective on the stock in a research report on Wednesday, October 22nd. Finally, Robert W. Baird raised their target price on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $172.92.

WEX Company Profile

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.