Insider Selling: WEX (NYSE:WEX) COO Sells $347,120.00 in Stock

WEX Inc. (NYSE:WEX) COO Robert Deshaies sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $173.56, for a total value of $347,120.00. Following the completion of the sale, the chief operating officer directly owned 17,288 shares in the company, valued at $3,000,505.28. The trade was a 10.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robert Joseph Deshaies also recently made the following trade(s):

• On Thursday, July 30th, Robert Deshaies sold 1,000 shares of WEX stock. The shares were sold at an average price of $184.95, for a total value of $184,950.00.

WEX Price Performance

Shares of WEX stock opened at $172.83 on Friday. The business has a 50 day moving average of $187.95 and a 200 day moving average of $164.57. WEX Inc. has a 52 week low of $125.29 and a 52 week high of $203.99. The company has a market cap of $5.89 billion, a PE ratio of 17.21, a P/E/G ratio of 0.90 and a beta of 0.84. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $5.08 by $0.27. The business had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous 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. As a group, equities research analysts forecast that WEX Inc. will post 17.15 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in WEX by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock worth $599,313,000 after acquiring an additional 44,031 shares in the last quarter. Jupiter Topco LLC bought a new position in shares of WEX during the second quarter valued at approximately $559,710,000. BlackRock Inc. bought a new position in shares of WEX during the second quarter valued at approximately $446,833,000. Bank of America Corp DE lifted its holdings in shares of WEX by 13.6% during the first quarter. Bank of America Corp DE now owns 823,681 shares of the business services provider’s stock valued at $126,056,000 after purchasing an additional 98,524 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. lifted its holdings in shares of WEX by 58.5% during the first quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider’s stock valued at $102,435,000 after purchasing an additional 246,923 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald set a $178.00 price target on shares of WEX in a research note on Monday, July 27th. Mizuho lifted their price objective on WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Evercore upgraded WEX to an “outperform” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of WEX in a research report on Thursday, September 24th. Finally, Keefe, Bruyette & Woods raised their target price on WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $185.64.

WEX Company Profile

WEX Inc (NYSE: WEX) is a financial technology company that provides payment solutions and software for businesses, government agencies and consumers. Its offerings are designed to help organizations manage spending, payments and related administrative processes across mobility, corporate payments and employee benefits.

In its mobility business, WEX provides fleet payment cards and fleet-management tools for commercial vehicles, including fuel, maintenance and transportation-related expenses.