WEX (NYSE:WEX) COO Sells $296,800.00 in Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following the completion of the sale, the chief operating officer directly owned 20,288 shares in the company, valued at approximately $3,010,739.20. This represents a 8.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 Trading Down 2.8%

WEX traded down $4.22 during midday trading on Wednesday, hitting $148.92. 679,317 shares of the company were exchanged, compared to its average volume of 538,140. The firm has a market capitalization of $5.16 billion, a P/E ratio of 16.71, a P/E/G ratio of 0.92 and a beta of 0.85. WEX Inc. has a 1-year low of $125.29 and a 1-year high of $186.85. The firm’s 50 day moving average price is $141.98 and its 200-day moving average price is $151.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The company had revenue of $673.80 million during the quarter, compared to analysts’ expectations of $660.96 million. During the same quarter in the prior year, the firm posted $3.51 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, equities analysts forecast that WEX Inc. will post 16.77 EPS for the current fiscal year.

WEX announced that its Board of Directors has approved a stock buyback plan on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 21.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Earnest Partners LLC raised its stake in WEX by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after buying an additional 10,027 shares during the period. Rhino Investment Partners Inc grew its stake in WEX by 39.0% in the third quarter. Rhino Investment Partners Inc now owns 56,230 shares of the business services provider’s stock valued at $8,858,000 after acquiring an additional 15,768 shares during the period. Capital World Investors grew its stake in WEX by 126.1% in the third quarter. Capital World Investors now owns 61,083 shares of the business services provider’s stock valued at $9,622,000 after acquiring an additional 34,071 shares during the period. Natixis Advisors LLC increased its holdings in shares of WEX by 23.1% during the third quarter. Natixis Advisors LLC now owns 98,498 shares of the business services provider’s stock valued at $15,517,000 after acquiring an additional 18,474 shares in the last quarter. Finally, Gotham Asset Management LLC raised its position in shares of WEX by 39.8% during the third quarter. Gotham Asset Management LLC now owns 270,964 shares of the business services provider’s stock worth $42,685,000 after purchasing an additional 77,176 shares during the period. 97.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WEX has been the subject of several analyst reports. Weiss Ratings lowered shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Cantor Fitzgerald decreased their price objective on shares of WEX from $173.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, June 29th. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Finally, Robert W. Baird increased their price target on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $172.30.

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.