Joel Alan Dearborn, Jr. Sells 3,343 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) COO Joel Alan Dearborn, Jr. sold 3,343 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $200.00, for a total value of $668,600.00. Following the sale, the chief operating officer owned 17,021 shares in the company, valued at approximately $3,404,200. The trade was a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

WEX Price Performance

NYSE WEX traded down $2.89 during trading hours on Wednesday, hitting $197.19. The company had a trading volume of 569,034 shares, compared to its average volume of 478,721. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.04 and a beta of 0.83. WEX Inc. has a 52 week low of $125.29 and a 52 week high of $203.99. The firm has a 50 day simple moving average of $184.81 and a 200 day simple moving average of $162.32.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The firm had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. During the same quarter last year, the business earned $3.95 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Equities research analysts expect that WEX Inc. will post 17.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WEX. Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Mizuho upped their price target on WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods increased their price objective on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft cut their price objective on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research report on Friday, June 12th. Finally, Piper Sandler began coverage on WEX in a report on Thursday, September 10th. They set a “neutral” rating and a $209.00 target price for the company. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $185.64.

Hedge Funds Weigh In On WEX

Institutional investors have recently bought and sold shares of the stock. Jupiter Topco LLC purchased a new stake in WEX in the second quarter worth about $559,710,000. Janus Henderson Group PLC lifted its stake in shares of WEX by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock valued at $599,313,000 after purchasing an additional 44,031 shares during the period. BlackRock Inc. bought a new stake in shares of WEX during the second quarter valued at approximately $446,833,000. Bank of America Corp DE boosted its position in shares of WEX by 13.6% during the first quarter. Bank of America Corp DE now owns 823,681 shares of the business services provider’s stock valued at $126,056,000 after purchasing an additional 98,524 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. grew its stake in WEX by 58.5% in the first quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider’s stock worth $102,435,000 after purchasing an additional 246,923 shares during the period. 97.47% of the stock is owned by institutional investors.

WEX Company Profile

WEX Inc (NYSE: WEX) is a global financial technology company that provides payment and expense-management solutions for businesses. Its offerings help organizations manage vehicle-related spending, corporate payments, travel expenses, and employee benefits through specialized payment products and digital platforms.

WEX’s mobility business provides fleet payment cards, fuel and maintenance expense management, telematics-related tools, and other services for commercial fleets, trucking companies, government agencies, and transportation businesses.