WEX (NYSE:WEX) COO Sells $173,808.00 in Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $144.84, for a total value of $173,808.00. Following the completion of the sale, the chief operating officer owned 22,288 shares of the company’s stock, valued at $3,228,193.92. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WEX Price Performance

Shares of WEX stock traded up $4.54 during trading hours on Monday, reaching $149.50. The company had a trading volume of 568,874 shares, compared to its average volume of 513,813. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average of $153.19 and a 200-day moving average of $153.32. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 0.90 and a beta of 0.85. WEX Inc. has a 12-month low of $128.91 and a 12-month high of $186.85.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.92 by $0.23. The business had revenue of $673.80 million during the quarter, compared to analyst estimates of $660.96 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.The business’s revenue was up 5.8% compared to the same quarter last year. During the same period 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. On average, equities analysts anticipate that WEX Inc. will post 16.48 earnings per share for the current year.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Essential Partners LLC lifted its stake in WEX by 20.5% during the first quarter. Essential Partners LLC now owns 1,451 shares of the business services provider’s stock worth $222,000 after purchasing an additional 247 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in WEX during the first quarter worth $3,501,000. Turtle Creek Asset Management Inc. lifted its stake in WEX by 58.5% during the first 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 in the last quarter. Bank of America Corp DE lifted its stake in WEX by 13.6% during the first 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 in the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new position in WEX during the first quarter worth $3,061,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. UBS Group set a $165.00 price objective on WEX and gave the company a “neutral” rating in a report on Friday, February 6th. 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. Robert W. Baird upped their price objective on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of WEX in a report on Friday, March 6th. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $172.70.

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.