Insider Selling: WEX (NYSE:WEX) CAO Sells 1,183 Shares

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 1,183 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $176.55, for a total value of $208,858.65. Following the transaction, the chief accounting officer owned 4,916 shares in the company, valued at approximately $867,919.80. This trade represents a 19.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

WEX Stock Performance

Shares of WEX stock traded up $5.50 on Wednesday, reaching $188.38. The stock had a trading volume of 767,188 shares, compared to its average volume of 575,762. 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 business’s 50-day moving average price is $147.97 and its two-hundred day moving average price is $153.15. The stock has a market cap of $6.42 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85. WEX Inc. has a fifty-two week low of $125.29 and a fifty-two week high of $191.38.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. The business had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. WEX’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, sell-side analysts forecast that WEX Inc. will post 17.01 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WEX. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Loop Capital assumed coverage on WEX in a research note on Monday, April 27th. They set a “buy” rating and a $195.00 target price for the company. Weiss Ratings downgraded WEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Cantor Fitzgerald set a $178.00 price target on WEX in a research report on Monday. Finally, Robert W. Baird upped 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. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $183.30.

Institutional Inflows and Outflows

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

WEX Company Profile

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.