Robert Joseph Deshaies Sells 1,000 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $184.95, for a total value of $184,950.00. Following the transaction, the chief operating officer directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, July 6th, Robert Joseph Deshaies sold 2,000 shares of WEX stock. The shares were sold at an average price of $148.40, for a total value of $296,800.00.
• On Thursday, May 28th, Robert Joseph Deshaies sold 1,200 shares of WEX stock. The stock was sold at an average price of $144.84, for a total value of $173,808.00.

WEX Stock Up 0.3%

Shares of WEX opened at $187.04 on Friday. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.04 and a beta of 0.85. WEX Inc. has a 1 year low of $125.29 and a 1 year high of $191.38. The business’s 50 day simple moving average is $150.32 and its 200-day simple moving average is $153.76. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same period in the prior year, the company earned $3.95 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. 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, equities analysts expect that WEX Inc. will post 17.12 earnings per share for the current fiscal year.

WEX declared that its board has approved a stock buyback plan on Thursday, May 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On WEX

Hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in shares of WEX during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its holdings in WEX by 368.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 173 shares during the last quarter. First Horizon Corp raised its position in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the period. Root Financial Partners LLC raised its position in WEX by 255.0% in the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after purchasing an additional 255 shares during the period. Finally, IFP Advisors Inc lifted its stake in WEX by 225.4% in the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after purchasing an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on WEX shares. Keefe, Bruyette & Woods boosted their target price on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Weiss Ratings downgraded shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research report on Friday, June 12th. Evercore upgraded WEX to an “outperform” rating in a research report on Tuesday, July 21st. Finally, Loop Capital assumed coverage on WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $183.30.

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.