WEX (NYSE:WEX) COO Sells $668,600.00 in Stock

WEX Inc. (NYSE:WEX) COO Joel Dearborn, Jr. sold 3,343 shares of WEX stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $200.00, for a total transaction of $668,600.00. Following the transaction, the chief operating officer directly owned 17,021 shares in the company, valued at $3,404,200. This trade represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

WEX Stock Down 1.0%

Shares of NYSE WEX opened at $193.29 on Friday. The company has a market capitalization of $6.59 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.02 and a beta of 0.83. 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 company has a 50 day simple moving average of $186.36 and a 200-day simple moving average of $162.85. WEX Inc. has a 1 year low of $125.29 and a 1 year high of $203.99.

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. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. During the same period in the prior year, the business posted $3.95 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. 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, equities research analysts predict that WEX Inc. will post 17.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WEX shares. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research report on Friday, June 12th. Morgan Stanley raised their price target on WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Mizuho upped their target price on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $185.64.

Institutional Trading of WEX

Hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new position in WEX in the second quarter worth $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of WEX in the second quarter valued at about $41,000. Root Financial Partners LLC boosted its holdings in WEX by 255.0% during the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after buying an additional 255 shares in the last quarter. IFP Advisors Inc lifted its position in shares of WEX by 225.4% during 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 during the period. Finally, Cache Advisors LLC purchased a new stake in shares of WEX during the 1st quarter worth approximately $60,000. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Company Profile

WEX Inc (NYSE: WEX) is a global financial technology company that provides payment and expense-management solutions for businesses. Its offerings help organizations manage vehicle-related spending, corporate payments, travel expenses, and employee benefits through specialized payment products and digital platforms.

WEX’s mobility business provides fleet payment cards, fuel and maintenance expense management, telematics-related tools, and other services for commercial fleets, trucking companies, government agencies, and transportation businesses.