WEX (NYSE:WEX) COO Robert Joseph Deshaies Sells 1,032 Shares

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,032 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $166.00, for a total value of $171,312.00. Following the transaction, the chief operating officer owned 15,699 shares of the company’s stock, valued at approximately $2,606,034. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 26th, Robert Joseph Deshaies sold 1,506 shares of WEX stock. The stock was sold at an average price of $149.62, for a total value of $225,327.72.

WEX Trading Up 3.2%

Shares of NYSE WEX opened at $157.59 on Friday. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $180.71. The stock has a market capitalization of $5.40 billion, a P/E ratio of 18.54, a PEG ratio of 1.18 and a beta of 0.98. 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’s 50 day moving average price is $154.79 and its two-hundred day moving average price is $157.88.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. The company had revenue of $672.90 million for 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 firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $3.57 earnings per share. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. On average, analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Institutional Trading of WEX

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after acquiring an additional 215,036 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of WEX in the 1st quarter valued at $394,000. Truist Financial Corp increased its position in shares of WEX by 8.7% in the 2nd quarter. Truist Financial Corp now owns 2,725 shares of the business services provider’s stock valued at $400,000 after buying an additional 219 shares in the last quarter. KLP Kapitalforvaltning AS raised its stake in WEX by 6.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the business services provider’s stock worth $999,000 after buying an additional 400 shares during the period. Finally, CWM LLC grew its stake in WEX by 5.6% in the second quarter. CWM LLC now owns 3,341 shares of the business services provider’s stock valued at $491,000 after acquiring an additional 178 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Mizuho dropped their price objective on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. UBS Group set a $165.00 price target on WEX and gave the stock a “neutral” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Finally, Morgan Stanley set a $146.00 price objective on WEX in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.