Robert Joseph Deshaies Sells 1,506 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,506 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $149.62, for a total value of $225,327.72. Following the transaction, the chief operating officer owned 15,699 shares in the company, valued at $2,348,884.38. This trade represents a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WEX Trading Down 1.2%

Shares of WEX stock traded down $1.85 on Monday, hitting $146.52. The stock had a trading volume of 760,941 shares, compared to its average volume of 599,328. The company’s 50 day moving average price is $151.62 and its 200-day moving average price is $154.68. WEX Inc. has a 1 year low of $110.45 and a 1 year high of $189.84. The company has a debt-to-equity ratio of 3.99, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $5.02 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.34 and a beta of 1.24.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.14. WEX had a net margin of 10.81% and a return on equity of 45.36%. The company had revenue of $691.80 million for the quarter, compared to analyst estimates of $678.25 million. During the same period in the prior year, the firm earned $4.35 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. Analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current year.

Institutional Investors Weigh In On WEX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. 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 purchasing an additional 60 shares during the last quarter. UMB Bank n.a. increased its position in WEX by 22.1% during the second quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock worth $55,000 after buying an additional 68 shares during the period. Johnson Investment Counsel Inc. lifted its stake in WEX by 0.7% in the third quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock valued at $1,515,000 after buying an additional 70 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of WEX by 3.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock worth $403,000 after acquiring an additional 74 shares during the last quarter. Finally, Inspire Investing LLC raised its position in WEX by 3.5% in the 1st quarter. Inspire Investing LLC now owns 2,588 shares of the business services provider’s stock valued at $406,000 after purchasing an additional 87 shares during the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WEX has been the topic of a number of recent research reports. Zacks Research lowered WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Robert W. Baird increased their price target on WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. UBS Group decreased their price objective on WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $172.92.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.