Stephen Montgomery Smith Acquires 1,000 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) Director Stephen Montgomery Smith purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average cost of $144.25 per share, with a total value of $144,250.00. Following the completion of the purchase, the director owned 7,971 shares of the company’s stock, valued at $1,149,816.75. The trade was a 14.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

WEX Trading Down 0.4%

Shares of NYSE:WEX traded down $0.57 during mid-day trading on Monday, reaching $136.34. The stock had a trading volume of 693,049 shares, compared to its average volume of 607,590. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $191.43. The firm has a 50 day simple moving average of $156.90 and a two-hundred day simple moving average of $153.54. The firm has a market cap of $4.68 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.14. The firm had revenue of $691.80 million for the quarter, compared to analyst estimates of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.36%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.35 earnings per share. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. On average, research analysts predict that WEX Inc. will post 14.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Quent Capital LLC purchased a new position in WEX in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in WEX by 282.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 214 shares of the business services provider’s stock worth $31,000 after acquiring an additional 158 shares during the last quarter. Steph & Co. bought a new stake in shares of WEX in the third quarter worth about $35,000. Hantz Financial Services Inc. increased its stake 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 valued at $36,000 after buying an additional 141 shares during the period. Finally, Quarry LP bought a new position in WEX in the 1st quarter worth $44,000. Institutional investors own 97.47% of the company’s stock.

Analyst Upgrades and Downgrades

WEX has been the subject of several research analyst reports. Mizuho lifted their target price on shares of WEX from $150.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. UBS Group dropped their price objective on shares of WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Morgan Stanley increased their target price on WEX from $142.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Wall Street Zen raised WEX from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, William Blair reaffirmed a “market perform” rating on shares of WEX in a research note on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $172.92.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.