WEX (NYSE:WEX) Sets New 12-Month High – Here’s What Happened

Shares of WEX Inc. (NYSE:WEX) hit a new 52-week high on Thursday . The stock traded as high as $199.75 and last traded at $199.02, with a volume of 82640 shares trading hands. The stock had previously closed at $195.42.

Wall Street Analyst Weigh In

WEX has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Robert W. Baird lifted their target price on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Evercore raised shares of WEX to an “outperform” rating in a research report on Tuesday, July 21st. Finally, Cantor Fitzgerald set a $178.00 price target on WEX in a report on Monday, July 27th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.30.

WEX Stock Up 2.3%

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $6.81 billion, a PE ratio of 19.90, a P/E/G ratio of 1.00 and a beta of 0.82. The stock’s fifty day simple moving average is $161.72 and its 200-day simple moving average is $156.65.

WEX (NYSE:WEX) last released its earnings results 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 company had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.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 business posted $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, sell-side analysts forecast that WEX Inc. will post 17.11 EPS for the current fiscal year.

WEX declared that its board has approved a stock buyback program on Thursday, May 14th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other WEX news, insider Ann Elena Drew sold 3,400 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $176.02, for a total transaction of $598,468.00. Following the sale, the insider owned 7,988 shares in the company, valued at $1,406,047.76. This trade represents a 29.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert Joseph Deshaies sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer owned 19,288 shares of the company’s stock, valued at approximately $3,567,315.60. The trade was a 4.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 9,858 shares of company stock valued at $1,662,835. 1.40% of the stock is owned by company insiders.

Institutional Trading of WEX

Several large investors have recently bought and sold shares of WEX. American Century Companies Inc. boosted its holdings in WEX by 1.9% in the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after acquiring an additional 60 shares in the last quarter. First Horizon Corp raised its stake in shares of 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 buying an additional 94 shares during the period. Eukles Asset Management lifted its position in shares of WEX by 2.8% in the fourth quarter. Eukles Asset Management now owns 3,429 shares of the business services provider’s stock valued at $511,000 after acquiring an additional 95 shares in the last quarter. Nicolet Advisory Services LLC boosted its position in shares of WEX by 8.1% during the third quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock worth $214,000 after acquiring an additional 102 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of WEX by 0.9% in the third quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider’s stock worth $1,748,000 after buying an additional 104 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

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.