WEX (NYSE:WEX) CAO Sells $74,791.60 in Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 494 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the transaction, the chief accounting officer owned 3,671 shares in the company, valued at $555,789.40. This trade represents a 11.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

WEX Stock Up 0.4%

Shares of WEX stock opened at $152.71 on Thursday. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $188.70. The stock has a market cap of $5.24 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.21 and a beta of 1.03. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33. The company has a 50 day simple moving average of $149.41 and a two-hundred day simple moving average of $156.48.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.14. WEX had a net margin of 10.81% and a return on equity of 45.10%. The business had revenue of $691.80 million for the quarter, compared to analysts’ expectations of $678.25 million. During the same quarter last year, the company posted $4.35 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. On average, research analysts expect that WEX Inc. will post 14.09 earnings per share for the current year.

Institutional Investors Weigh In On WEX

Several institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. boosted its position in shares of WEX by 29.6% during the first quarter. Invesco Ltd. now owns 80,639 shares of the business services provider’s stock worth $12,662,000 after acquiring an additional 18,399 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in WEX by 191.2% in the 1st quarter. Russell Investments Group Ltd. now owns 19,284 shares of the business services provider’s stock worth $3,028,000 after purchasing an additional 12,661 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of WEX by 10.8% during the 1st quarter. American Century Companies Inc. now owns 3,145 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 306 shares during the last quarter. AlphaQuest LLC grew its position in shares of WEX by 711.4% during the first quarter. AlphaQuest LLC now owns 5,404 shares of the business services provider’s stock valued at $849,000 after purchasing an additional 4,738 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of WEX during the first quarter valued at about $49,000. Institutional investors own 97.47% of the company’s stock.

Analysts Set New Price Targets

WEX has been the subject of a number of analyst reports. Robert W. Baird upped their price target on WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a report on Wednesday, October 22nd. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research lowered shares of WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, JPMorgan Chase & Co. reduced their price objective 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 given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $172.92.

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.