WEX (NYSE:WEX) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of WEX (NYSE:WEX) from a buy rating to a hold rating in a report released on Saturday morning.

Several other research firms also recently commented on WEX. UBS Group set a $165.00 price target on shares of WEX and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. reduced their target price on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. Cantor Fitzgerald upgraded shares of WEX to a “hold” rating in a research report on Tuesday, January 27th. Finally, Bank of America raised WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective on the stock in a research note on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, WEX has an average rating of “Hold” and an average price target of $162.27.

WEX Stock Up 2.1%

WEX opened at $162.32 on Friday. The business’s fifty day simple moving average is $153.98 and its 200 day simple moving average is $158.06. WEX has a 52 week low of $110.45 and a 52 week high of $180.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. The stock has a market cap of $5.57 billion, a PE ratio of 19.10, a P/E/G ratio of 1.19 and a beta of 0.98.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $0.21. The firm had revenue of $672.90 million during the quarter, compared to analysts’ expectations of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.57 EPS. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, research analysts expect that WEX will post 14.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Robert Joseph Deshaies sold 1,506 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $149.62, for a total value of $225,327.72. Following the sale, the chief operating officer directly owned 15,699 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $151.40, for a total value of $74,791.60. Following the transaction, the chief accounting officer owned 3,671 shares in the company, valued at approximately $555,789.40. This represents a 11.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

A number of institutional investors have recently bought and sold shares of the stock. Lightrock Netherlands B.V. boosted its holdings in WEX by 19.7% in the third quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock worth $6,900,000 after acquiring an additional 7,200 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of WEX by 52.2% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 22,682 shares of the business services provider’s stock valued at $3,573,000 after acquiring an additional 7,784 shares in the last quarter. Norges Bank purchased a new position in shares of WEX in the 2nd quarter worth about $42,812,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in WEX in the 2nd quarter worth about $338,000. Finally, Federated Hermes Inc. grew its position in WEX by 6.6% during the 2nd quarter. Federated Hermes Inc. now owns 402,123 shares of the business services provider’s stock valued at $59,068,000 after purchasing an additional 25,047 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

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.