WEX (NYSE:WEX) CAO Jennifer Kimball Sells 1,183 Shares of Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 1,183 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $176.55, for a total transaction of $208,858.65. Following the transaction, the chief accounting officer directly owned 4,916 shares of the company’s stock, valued at approximately $867,919.80. This represents a 19.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WEX Trading Up 3.0%

Shares of NYSE:WEX opened at $188.38 on Thursday. The company has a market cap of $6.42 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.02 and a beta of 0.85. The stock’s 50-day moving average is $148.86 and its 200-day moving average is $153.36. WEX Inc. has a 52-week low of $125.29 and a 52-week high of $191.38. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. During the same period in the previous year, the company posted $3.95 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Equities research analysts predict that WEX Inc. will post 17.09 earnings per share for the current year.

WEX declared that its Board of Directors has approved a stock buyback program on Thursday, May 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WEX. Morgan Stanley increased their price objective on WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald set a $178.00 target price on shares of WEX in a research report on Monday. Deutsche Bank Aktiengesellschaft cut their target price on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Robert W. Baird raised their price target on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Loop Capital initiated coverage on shares of WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $183.30.

Key WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: AI product launch strengthens commercial-fleet offering. WEX introduced SecureFuel, an AI-powered capability that uses fleet-card transaction data, real-time vehicle information and predictive models to identify and block potentially unauthorized fuel purchases before approval. The product could improve customer value, reduce fraud losses and support future revenue growth. WEX Introduces SecureFuel AI-Powered Fraud Prevention for Commercial Fleets
• Positive Sentiment: Recent operating performance exceeded expectations. WEX reported second-quarter revenue of $753.5 million, up 14.2% year over year, and adjusted earnings of $5.35 per share versus the $5.08 consensus estimate. The company also provided third-quarter earnings guidance of $5.45 to $5.65 per share and full-year guidance of $19.68 to $20.08, reinforcing the case for continued earnings growth.
• Neutral Sentiment: Analyst view remains above the current trading level but is mixed. Mizuho reportedly lowered its WEX price target to $215 while maintaining its outlook. That target remains above the stock’s recent level, but the reduction indicates some caution about near-term valuation or growth assumptions. Mizuho cuts WEX stock price target to $215, maintains outlook
• Neutral Sentiment: Management is scheduled to meet investors. CFO Jagtar Narula will participate in Bank of America’s SMID Cap Executive Insights Event on August 11. The presentation could provide additional commentary on demand, SecureFuel adoption and 2026 guidance, but it is not an immediate financial catalyst. WEX to Participate in the Bank of America 2026 SMID Cap Executive Insights Event
• Negative Sentiment: Several insiders sold shares. Chief Risk and Compliance Officer Ann Elena Drew sold 3,400 shares worth approximately $598,468, while Chief Accounting Officer Jennifer Kimball sold 1,183 shares worth about $208,859. Recent activity shows 24 insider sales versus one purchase over six months, which could raise concerns about insider confidence, although such transactions may also reflect personal financial planning.

Institutional Trading of WEX

Institutional investors have recently modified their holdings of the company. CWM LLC increased its position in shares of WEX by 377.9% during the 4th quarter. CWM LLC now owns 17,395 shares of the business services provider’s stock worth $2,592,000 after purchasing an additional 13,755 shares in the last quarter. M&T Bank Corp acquired a new position in WEX in the fourth quarter valued at about $28,129,000. Crossmark Global Holdings Inc. grew its stake in WEX by 47.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock worth $4,351,000 after buying an additional 9,410 shares during the last quarter. SG Americas Securities LLC grew its stake in WEX by 2,115.6% during the fourth quarter. SG Americas Securities LLC now owns 14,667 shares of the business services provider’s stock worth $2,185,000 after buying an additional 14,005 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of WEX by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock worth $95,209,000 after buying an additional 6,971 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

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.