WEX (NYSE:WEX) CAO Jennifer Kimball Sells 715 Shares

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 715 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total value of $112,841.30. Following the sale, the chief accounting officer owned 6,203 shares in the company, valued at $978,957.46. This represents a 10.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, December 18th, Jennifer Kimball sold 494 shares of WEX stock. The stock was sold at an average price of $151.40, for a total value of $74,791.60.

WEX Trading Down 1.3%

WEX stock traded down $2.03 during trading hours on Thursday, hitting $150.50. The stock had a trading volume of 7,973 shares, compared to its average volume of 462,673. The business’s 50 day simple moving average is $157.28 and its 200-day simple moving average is $155.53. WEX Inc. has a one year low of $110.45 and a one year high of $180.71. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.18 and a beta of 0.97. 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 earnings per share for the quarter, topping the consensus estimate of $3.90 by $0.21. The company had revenue of $672.90 million for the quarter, compared to analysts’ expectations of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $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. On average, equities analysts predict that WEX Inc. will post 14.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lightrock Netherlands B.V. lifted its holdings in WEX by 19.7% in the third quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock valued at $6,900,000 after buying an additional 7,200 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of WEX by 1,289.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider’s stock worth $3,119,000 after acquiring an additional 18,372 shares in the last quarter. Citigroup Inc. raised its position in shares of WEX by 103.8% in the 3rd quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock worth $3,795,000 after acquiring an additional 12,266 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of WEX by 1.1% in the 3rd 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 during the period. Finally, Snyder Capital Management L P boosted its position in shares of WEX by 13.6% during the 3rd quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider’s stock valued at $27,635,000 after purchasing an additional 21,028 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. UBS Group set a $165.00 price objective on shares of WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased their price objective on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. Finally, Raymond James Financial reiterated a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $162.27.

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.