WEX (NYSE:WEX) COO Sells $486,412.36 in Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 3,238 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total value of $486,412.36. Following the transaction, the chief operating officer owned 14,859 shares in the company, valued at $2,232,118.98. The trade was a 17.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Robert Joseph Deshaies also recently made the following trade(s):

• On Wednesday, February 11th, Robert Joseph Deshaies sold 1,032 shares of WEX stock. The shares were sold at an average price of $166.00, for a total transaction of $171,312.00.

WEX Price Performance

NYSE:WEX opened at $149.05 on Friday. WEX Inc. has a 52 week low of $110.45 and a 52 week high of $180.71. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50-day simple moving average is $155.12 and its 200 day simple moving average is $156.74. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.17 and a beta of 0.98.

WEX (NYSE:WEX) last announced its earnings results 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. WEX had a net margin of 11.43% and a return on equity of 48.01%. The firm had revenue of $672.90 million for the quarter, compared to analyst estimates of $660.89 million. During the same quarter in the prior year, the business posted $3.57 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. 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, sell-side analysts predict that WEX Inc. will post 14.09 earnings per share for the current year.

Institutional Investors Weigh In On WEX

Several hedge funds and other institutional investors have recently made changes to their positions in WEX. Los Angeles Capital Management LLC acquired a new stake in WEX in the fourth quarter valued at approximately $25,000. Quent Capital LLC bought a new position in shares of WEX in the 3rd quarter valued at $28,000. Steph & Co. acquired a new stake in shares of WEX during the 3rd quarter valued at $35,000. First Horizon Corp grew its position in WEX by 65.7% during the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after acquiring an additional 94 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after purchasing an additional 173 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Cantor Fitzgerald boosted their price target on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Morgan Stanley set a $146.00 target price on shares of WEX in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. Finally, UBS Group set a $165.00 price objective on shares of WEX and gave the company a “neutral” rating in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, WEX currently has an average rating of “Hold” and an average price target of $162.27.

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.