WEX (NYSE:WEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of WEX (NYSE:WEX) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other equities analysts have also recently commented on WEX. Cantor Fitzgerald boosted their price target on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Morgan Stanley set a $146.00 price objective on shares of WEX in a report on Friday, February 6th. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a research report on Friday, March 6th. UBS Group set a $165.00 target price on WEX and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $162.27.

WEX Stock Performance

Shares of WEX opened at $155.60 on Friday. The company has a market cap of $5.34 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.97. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86. The stock has a 50-day moving average price of $156.93 and a 200-day moving average price of $155.09. WEX has a 12-month low of $110.45 and a 12-month high of $180.71.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, topping the consensus estimate of $3.90 by $0.21. The company had revenue of $672.90 million during the quarter, compared to analyst estimates of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.WEX’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. As a group, equities analysts forecast that WEX will post 14.09 earnings per share for the current fiscal year.

Insider Buying and Selling at WEX

In other WEX news, COO Robert Joseph Deshaies sold 3,238 shares of WEX stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $150.22, for a total transaction of $486,412.36. Following the transaction, the chief operating officer directly owned 14,859 shares of the company’s stock, valued at approximately $2,232,118.98. This trade represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Carlos Carriedo sold 1,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total transaction of $251,842.50. Following the completion of the sale, the chief operating officer owned 3,695 shares of the company’s stock, valued at approximately $590,830.50. The trade was a 29.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 8,479 shares of company stock valued at $1,309,924. 1.40% of the stock is owned by insiders.

Institutional Trading of WEX

Several hedge funds have recently added to or reduced their stakes in WEX. American Century Companies Inc. grew its stake in shares of WEX by 1.9% during the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after buying an additional 60 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in shares of WEX by 0.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock valued at $1,515,000 after acquiring an additional 70 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of WEX by 3.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock valued at $403,000 after acquiring an additional 74 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in WEX by 1.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock valued at $785,000 after acquiring an additional 94 shares during the period. Finally, First Horizon Corp boosted its holdings in WEX by 65.7% during the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 94 shares during the period. 97.47% of the stock is owned by 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.