WEX Inc. (NYSE:WEX) Given Consensus Recommendation of “Hold” by Analysts

WEX Inc. (NYSE:WEX) has earned an average recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $172.30.

Several equities analysts recently weighed in on WEX shares. Loop Capital assumed coverage on WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 target price on the stock. Morgan Stanley upped their price target on WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Robert W. Baird lifted their price objective on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th.

WEX Stock Up 4.0%

WEX opened at $164.16 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX has a 1-year low of $125.29 and a 1-year high of $186.85. The company has a market capitalization of $5.69 billion, a PE ratio of 18.42, a PEG ratio of 0.97 and a beta of 0.85. The firm’s 50 day simple moving average is $143.09 and its two-hundred day simple moving average is $152.10.

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, topping the consensus estimate of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The business had revenue of $673.80 million for the quarter, compared to analysts’ expectations of $660.96 million. During the same quarter last year, the company posted $3.51 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. 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 will post 16.77 EPS for the current year.

WEX announced that its board has approved a share repurchase program on Thursday, May 14th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity at WEX

In other news, Director James R. Groch purchased 1,500 shares of the company’s stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the transaction, the director directly owned 17,957 shares in the company, valued at $2,566,953.15. This trade represents a 9.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Robert Joseph Deshaies sold 2,000 shares of the 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 of the company’s stock, valued at approximately $3,010,739.20. This trade represents a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On WEX

A number of institutional investors and hedge funds have recently bought and sold shares of WEX. Janus Henderson Group PLC lifted its position in shares of WEX by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock valued at $599,313,000 after acquiring an additional 44,031 shares in the last quarter. Par Capital Management Inc. raised its stake in WEX by 21.6% during the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after purchasing an additional 400,500 shares during the period. Boston Partners lifted its holdings in WEX by 13.7% in the 4th 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 in the last quarter. AQR Capital Management LLC lifted its holdings in WEX by 794.0% in the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after purchasing an additional 790,271 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of WEX by 8.6% during the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock worth $138,474,000 after acquiring an additional 69,375 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

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.