WEX (NYSE:WEX) Insider Ann Elena Drew Sells 3,400 Shares

WEX Inc. (NYSE:WEX) insider Ann Elena Drew sold 3,400 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.02, for a total transaction of $598,468.00. Following the completion of the sale, the insider directly owned 7,988 shares of the company’s stock, valued at $1,406,047.76. This represents a 29.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

WEX Price Performance

Shares of WEX stock opened at $188.38 on Thursday. The company has a market capitalization of $6.42 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.02 and a beta of 0.85. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s 50-day moving average is $148.86 and its two-hundred day moving average is $153.36. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $191.38.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $5.08 by $0.27. The company had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Analysts predict that WEX Inc. will post 17.09 earnings per share for the current year.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Evercore upgraded WEX to an “outperform” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald set a $178.00 price target on WEX in a research note on Monday. Morgan Stanley boosted their target price on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Robert W. Baird lifted their price target on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, WEX presently has an average rating of “Hold” and a consensus price target of $183.30.

Trending Headlines about WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: AI product launch strengthens commercial-fleet offering. WEX introduced SecureFuel, an AI-powered capability that uses fleet-card transaction data, real-time vehicle information and predictive models to identify and block potentially unauthorized fuel purchases before approval. The product could improve customer value, reduce fraud losses and support future revenue growth. WEX Introduces SecureFuel AI-Powered Fraud Prevention for Commercial Fleets
• Positive Sentiment: Recent operating performance exceeded expectations. WEX reported second-quarter revenue of $753.5 million, up 14.2% year over year, and adjusted earnings of $5.35 per share versus the $5.08 consensus estimate. The company also provided third-quarter earnings guidance of $5.45 to $5.65 per share and full-year guidance of $19.68 to $20.08, reinforcing the case for continued earnings growth.
• Neutral Sentiment: Analyst view remains above the current trading level but is mixed. Mizuho reportedly lowered its WEX price target to $215 while maintaining its outlook. That target remains above the stock’s recent level, but the reduction indicates some caution about near-term valuation or growth assumptions. Mizuho cuts WEX stock price target to $215, maintains outlook
• Neutral Sentiment: Management is scheduled to meet investors. CFO Jagtar Narula will participate in Bank of America’s SMID Cap Executive Insights Event on August 11. The presentation could provide additional commentary on demand, SecureFuel adoption and 2026 guidance, but it is not an immediate financial catalyst. WEX to Participate in the Bank of America 2026 SMID Cap Executive Insights Event
• Negative Sentiment: Several insiders sold shares. Chief Risk and Compliance Officer Ann Elena Drew sold 3,400 shares worth approximately $598,468, while Chief Accounting Officer Jennifer Kimball sold 1,183 shares worth about $208,859. Recent activity shows 24 insider sales versus one purchase over six months, which could raise concerns about insider confidence, although such transactions may also reflect personal financial planning.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WEX. Assenagon Asset Management S.A. purchased a new stake in WEX during the second quarter valued at about $208,000. Versant Capital Management Inc grew its stake in shares of WEX by 55.2% during the second quarter. Versant Capital Management Inc now owns 655 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 233 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of WEX by 679.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,583 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 1,380 shares in the last quarter. Essential Partners LLC raised its holdings in WEX by 20.5% in the first quarter. Essential Partners LLC now owns 1,451 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 247 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in WEX during the first quarter valued at approximately $3,501,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

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.