WEX (NYSE:WEX) COO Robert Joseph Deshaies Sells 1,000 Shares of Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,000 shares of WEX stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $184.95, for a total transaction of $184,950.00. Following the completion of the transaction, the chief operating officer directly owned 19,288 shares in the company, valued at approximately $3,567,315.60. The trade was a 4.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert Joseph Deshaies also recently made the following trade(s):

• On Monday, July 6th, Robert Joseph Deshaies sold 2,000 shares of WEX stock. The shares were sold at an average price of $148.40, for a total transaction of $296,800.00.
• On Thursday, May 28th, Robert Joseph Deshaies sold 1,200 shares of WEX stock. The shares were sold at an average price of $144.84, for a total transaction of $173,808.00.

WEX Price Performance

Shares of WEX stock opened at $187.04 on Friday. The company’s fifty day simple moving average is $150.32 and its two-hundred day simple moving average is $153.76. WEX Inc. has a 12-month low of $125.29 and a 12-month high of $191.38. The firm has a market cap of $6.37 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating the consensus estimate of $5.08 by $0.27. The firm had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, equities analysts expect that WEX Inc. will post 17.12 EPS for the current year.

WEX declared that its board has approved a share repurchase plan on Thursday, May 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to reacquire up to 21.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings downgraded WEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Morgan Stanley boosted their price objective on shares of WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods upped their price objective on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research report on Friday, June 12th. Finally, Loop Capital initiated coverage on shares of WEX in a research note on Monday, April 27th. They set a “buy” rating and a $195.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, WEX presently has an average rating of “Hold” and an average price target of $183.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of WEX during the fourth quarter valued at approximately $25,000. First Horizon Corp grew its stake in WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in 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 worth $35,000 after purchasing an additional 173 shares in the last quarter. Root Financial Partners LLC raised its holdings in WEX by 255.0% in the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after purchasing an additional 255 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in WEX by 225.4% during the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock valued at $55,000 after buying an additional 257 shares during the period. Hedge funds and other institutional investors 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.