Jennifer Kimball Sells 104 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 104 shares of WEX stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $147.66, for a total transaction of $15,356.64. Following the transaction, the chief accounting officer owned 6,099 shares in the company, valued at approximately $900,578.34. This trade represents a 1.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, March 17th, Jennifer Kimball sold 715 shares of WEX stock. The shares were sold at an average price of $157.82, for a total value of $112,841.30.

WEX Stock Down 0.4%

Shares of NYSE:WEX opened at $155.32 on Wednesday. The firm has a market cap of $5.33 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.18 and a beta of 0.97. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $180.71. The business has a fifty day simple moving average of $156.85 and a 200 day simple moving average of $154.98. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. The firm had revenue of $672.90 million for 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%.The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.57 EPS. 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 predict that WEX Inc. will post 14.09 earnings per share for the current year.

Institutional Trading of WEX

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of WEX by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock valued at $513,903,000 after acquiring an additional 12,099 shares in the last quarter. Par Capital Management Inc. boosted its stake in WEX by 21.6% during the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after acquiring an additional 400,500 shares in the last quarter. Boston Partners grew its holdings in WEX by 13.7% in the fourth quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock worth $215,955,000 after purchasing an additional 174,079 shares during the period. JPMorgan Chase & Co. increased its stake in WEX by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 1,085,795 shares of the business services provider’s stock valued at $159,494,000 after purchasing an additional 17,691 shares in the last quarter. Finally, Earnest Partners LLC increased its stake in WEX by 1.1% in the third quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock valued at $143,006,000 after purchasing an additional 10,027 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on WEX. Morgan Stanley set a $146.00 price target 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. JPMorgan Chase & Co. lowered their target price on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Wall Street Zen upgraded shares of WEX from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, WEX presently has an average rating of “Hold” and an average target price 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.