WEX (NYSE:WEX) CAO Sells $112,841.30 in Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 715 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total transaction of $112,841.30. Following the completion of the transaction, the chief accounting officer owned 6,203 shares of the company’s stock, valued at $978,957.46. This trade represents a 10.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jennifer Kimball also recently made the following trade(s):

• On Thursday, December 18th, Jennifer Kimball sold 494 shares of WEX stock. The stock was sold at an average price of $151.40, for a total value of $74,791.60.

WEX Trading Down 2.1%

Shares of WEX traded down $3.25 during trading hours on Wednesday, hitting $149.28. 378,605 shares of the stock traded hands, compared to its average volume of 438,782. The business has a fifty day moving average of $157.28 and a 200-day moving average of $155.53. The firm has a market capitalization of $5.12 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.18 and a beta of 0.97. WEX Inc. has a 1-year low of $110.45 and a 1-year high of $180.71. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86.

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

Institutional Trading of WEX

Several hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its holdings in WEX by 10.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,152 shares of the business services provider’s stock worth $1,214,000 after purchasing an additional 776 shares in the last quarter. World Investment Advisors bought a new stake in shares of WEX in the fourth quarter valued at about $328,000. Corient Private Wealth LLC boosted its position in shares of WEX by 10.1% during the fourth quarter. Corient Private Wealth LLC now owns 9,348 shares of the business services provider’s stock worth $1,393,000 after buying an additional 860 shares during the period. Kera Capital Partners Inc. acquired a new position in shares of WEX during the fourth quarter worth about $275,000. Finally, Invesco Ltd. grew its holdings in shares of WEX by 14.1% during the fourth quarter. Invesco Ltd. now owns 85,418 shares of the business services provider’s stock worth $12,726,000 after buying an additional 10,537 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WEX shares. Raymond James Financial restated a “market perform” rating on shares of WEX in a report on Friday, March 6th. Morgan Stanley set a $146.00 target price on shares of WEX in a research report on Friday, February 6th. Cantor Fitzgerald increased 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 cut WEX from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, WEX 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.