WEX (NYSE:WEX) COO Joel Alan Dearborn, Jr. Sells 3,343 Shares of Stock

WEX Inc. (NYSE:WEX) COO Joel Dearborn, Jr. sold 3,343 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $200.00, for a total transaction of $668,600.00. Following the transaction, the chief operating officer owned 17,021 shares of the company’s stock, valued at approximately $3,404,200. The trade was a 16.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

WEX Stock Down 1.4%

WEX stock opened at $197.19 on Thursday. WEX Inc. has a 1-year low of $125.29 and a 1-year high of $203.99. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $6.72 billion, a PE ratio of 19.64, a P/E/G ratio of 1.04 and a beta of 0.83. The stock’s fifty day moving average is $184.81 and its two-hundred day moving average is $162.32.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business had revenue of $753.50 million during the quarter, compared to analysts’ expectations of $740.72 million. During the same period in the prior year, the firm posted $3.95 EPS. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, sell-side analysts expect that WEX Inc. will post 17.13 EPS for the current fiscal year.

Institutional Trading of WEX

A number of large investors have recently made changes to their positions in WEX. Janus Henderson Group PLC lifted its stake in WEX by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock valued at $599,313,000 after buying an additional 44,031 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of WEX in the second quarter valued at approximately $559,710,000. BlackRock Inc. purchased a new stake in WEX in the 2nd quarter valued at $446,833,000. Bank of America Corp DE boosted its stake in WEX by 13.6% during the 1st quarter. Bank of America Corp DE now owns 823,681 shares of the business services provider’s stock worth $126,056,000 after purchasing an additional 98,524 shares during the period. Finally, Turtle Creek Asset Management Inc. boosted its stake in WEX by 58.5% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider’s stock worth $102,435,000 after purchasing an additional 246,923 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Cantor Fitzgerald set a $178.00 price target on shares of WEX in a research note on Monday, July 27th. Piper Sandler started coverage on shares of WEX in a research report on Thursday, September 10th. They set a “neutral” rating and a $209.00 price objective for the company. Evercore upgraded shares of WEX to an “outperform” rating in a report on Tuesday, July 21st. Keefe, Bruyette & Woods increased their target price on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $185.64.

WEX Company Profile

WEX Inc (NYSE: WEX) is a global financial technology company that provides payment and expense-management solutions for businesses. Its offerings help organizations manage vehicle-related spending, corporate payments, travel expenses, and employee benefits through specialized payment products and digital platforms.

WEX’s mobility business provides fleet payment cards, fuel and maintenance expense management, telematics-related tools, and other services for commercial fleets, trucking companies, government agencies, and transportation businesses.