WEX (NYSE:WEX) Raised to “Hold” at Piper Sandler

WEX (NYSE:WEX) was upgraded by equities researchers at Piper Sandler to a “hold” rating in a report issued on Thursday, Zacks reports.

WEX has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Keefe, Bruyette & Woods lifted their price objective on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Mizuho upped their price objective on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Morgan Stanley increased their target price on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Cantor Fitzgerald set a $178.00 target price on WEX in a research report on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $185.64.

WEX Trading Up 0.6%

Shares of NYSE:WEX opened at $191.22 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. WEX has a 12-month low of $125.29 and a 12-month high of $203.99. The business has a 50 day moving average of $181.89 and a two-hundred day moving average of $161.22. The company has a market capitalization of $6.52 billion, a PE ratio of 19.05, a PEG ratio of 0.99 and a beta of 0.83.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The business had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company earned $3.95 EPS. 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, analysts forecast that WEX will post 17.11 EPS for the current year.

Insider Transactions at WEX

In other news, CAO Jennifer Kimball sold 1,183 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.55, for a total transaction of $208,858.65. Following the completion of the sale, the chief accounting officer owned 4,916 shares of the company’s stock, valued at $867,919.80. The trade was a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Robert Deshaies sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were 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 $3,567,315.60. This represents a 4.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 36,767 shares of company stock worth $6,832,266 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

A number of institutional investors have recently made changes to their positions in WEX. Goldman Sachs Group Inc. raised its stake in WEX by 158.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock valued at $55,097,000 after purchasing an additional 215,036 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of WEX during the first quarter worth $394,000. American Century Companies Inc. grew its holdings in shares of WEX by 1.9% during the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after buying an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of WEX by 4,837.5% in the second quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock valued at $58,000 after buying an additional 387 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of WEX in the second quarter worth about $271,000. 97.47% of the stock is owned by institutional investors and hedge funds.

About WEX

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.