WEX (NYSE:WEX) COO Sells 1,000 Shares of Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $184.95, for a total value of $184,950.00. Following the transaction, the chief operating officer owned 19,288 shares in the company, valued at approximately $3,567,315.60. This trade represents a 4.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, July 6th, Robert Joseph Deshaies sold 2,000 shares of WEX stock. The shares were sold at an average price of $148.40, for a total value of $296,800.00.
• On Thursday, May 28th, Robert Joseph Deshaies sold 1,200 shares of WEX stock. The stock was sold at an average price of $144.84, for a total value of $173,808.00.

WEX Price Performance

Shares of NYSE WEX traded up $0.64 during mid-day trading on Friday, reaching $187.04. The company had a trading volume of 546,332 shares, compared to its average volume of 578,444. 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 Inc. has a one year low of $125.29 and a one year high of $191.38. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.05 and a beta of 0.85. The business’s 50-day simple moving average is $149.59 and its 200 day simple moving average is $153.53.

WEX (NYSE:WEX) last posted 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. The business had revenue of $753.50 million during 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%. WEX’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior 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. On average, research analysts predict that WEX Inc. will post 17.12 earnings per share for the current fiscal year.

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

Hedge Funds Weigh In On WEX

A number of institutional investors have recently added to or reduced their stakes in WEX. Assenagon Asset Management S.A. acquired a new stake in WEX in the second quarter valued at approximately $208,000. Versant Capital Management Inc increased its holdings in shares of WEX by 55.2% during the second quarter. Versant Capital Management Inc now owns 655 shares of the business services provider’s stock worth $92,000 after buying an additional 233 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of WEX by 679.8% during the first quarter. NewEdge Advisors LLC now owns 1,583 shares of the business services provider’s stock worth $242,000 after buying an additional 1,380 shares in the last quarter. Essential Partners LLC lifted its stake in shares of WEX by 20.5% in the 1st quarter. Essential Partners LLC now owns 1,451 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 247 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of WEX during the 1st quarter valued at $3,501,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Cantor Fitzgerald set a $178.00 target price on WEX in a research note on Monday. Weiss Ratings downgraded WEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods lifted their price target on WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Evercore raised WEX to an “outperform” rating in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $183.30.

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.