WEX (NYSE:WEX) Sets New 1-Year High – Here’s Why

WEX Inc. (NYSE:WEX)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $187.21 and last traded at $188.4770, with a volume of 23712 shares. The stock had previously closed at $182.88.

Key WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: SecureFuel expands WEX’s commercial-fleet technology offering. WEX introduced SecureFuel, an AI-powered fraud-prevention capability that analyzes fleet-card transactions and real-time vehicle data to identify and block potentially unauthorized fuel purchases before approval. The product could improve customer value, reduce fraud-related losses and support adoption of WEX’s fleet platform. WEX Introduces SecureFuel AI-Powered Fraud Prevention for Commercial Fleets
• Positive Sentiment: Recent earnings exceeded expectations. WEX reported second-quarter revenue of $753.5 million, up 14.2% year over year, and earnings per share of $5.35, topping the $5.08 analyst consensus. Management guided to third-quarter EPS of $5.45–$5.65 and full-year EPS of $19.68–$20.08, indicating continued earnings growth.
• Positive Sentiment: Share repurchase authorization provides potential support. WEX’s board previously approved a $1 billion buyback program, authorizing repurchases of up to approximately 21.2% of outstanding shares. Repurchases could support per-share earnings and signal management’s confidence in the company’s valuation.
• Neutral Sentiment: Investor communication is scheduled. CFO Jagtar Narula will participate in Bank of America’s SMID Cap Executive Insights Event on August 11. The event could offer updates on demand, guidance and SecureFuel adoption, but it is not an immediate earnings catalyst. WEX to Participate in the Bank of America 2026 SMID Cap Executive Insights Event
• Negative Sentiment: Multiple executives recently reduced their holdings. Chief Risk and Compliance Officer Ann Elena Drew sold 3,400 shares for approximately $598,468, reducing her position by about 29.9%. Chief Accounting Officer Jennifer Kimball sold 1,183 shares worth approximately $208,859, cutting her holdings by 19.4%. Over the past six months, reported open-market activity included 24 insider sales and only one purchase, which may weigh on sentiment even though sales can reflect personal financial planning. WEX CAO Sells 1,183 Shares of Stock

Analyst Upgrades and Downgrades

WEX has been the topic of several research analyst reports. Weiss Ratings lowered shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Morgan Stanley boosted their price objective on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Evercore upgraded shares of WEX to an “outperform” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $183.30.

WEX Price Performance

The company has a market cap of $6.33 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.05 and a beta of 0.85. The company has a fifty day simple moving average of $149.59 and a two-hundred day simple moving average of $153.53. 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 released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, topping the consensus estimate of $5.08 by $0.27. The business had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, equities research analysts anticipate that WEX Inc. will post 17.12 earnings per share for the current fiscal year.

WEX announced that its Board of Directors has initiated a stock 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 buy up to 21.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at WEX

In related news, Director James R. Groch bought 1,500 shares of WEX stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average price of $142.95 per share, with a total value of $214,425.00. Following the purchase, the director owned 17,957 shares in the company, valued at $2,566,953.15. This represents a 9.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert Joseph Deshaies sold 2,000 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total value of $296,800.00. Following the sale, the chief operating officer owned 20,288 shares in the company, valued at approximately $3,010,739.20. This trade represents a 8.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,783 shares of company stock valued at $1,277,935 over the last three months. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

A number of institutional investors have recently made changes to their positions in the stock. CWM LLC increased its position in WEX by 377.9% during the 4th quarter. CWM LLC now owns 17,395 shares of the business services provider’s stock worth $2,592,000 after purchasing an additional 13,755 shares in the last quarter. M&T Bank Corp acquired a new position in WEX in the 4th quarter valued at about $28,129,000. Crossmark Global Holdings Inc. lifted its holdings in WEX by 47.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock valued at $4,351,000 after purchasing an additional 9,410 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of WEX by 2,115.6% during the 4th quarter. SG Americas Securities LLC now owns 14,667 shares of the business services provider’s stock worth $2,185,000 after purchasing an additional 14,005 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of WEX by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock worth $95,209,000 after purchasing an additional 6,971 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

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.