WEX (NYSE:WEX) Reaches New 52-Week High – Still a Buy?

WEX Inc. (NYSE:WEX)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $194.68 and last traded at $197.5280, with a volume of 39822 shares. The stock had previously closed at $190.06.

Wall Street Analyst Weigh In

WEX has been the subject of a number of analyst reports. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Mizuho increased their target price on WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Robert W. Baird raised their target price on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research report on Friday, June 12th. Finally, Cantor Fitzgerald set a $178.00 price target on WEX in a research note on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $183.30.

WEX Stock Up 3.8%

The firm has a market capitalization of $6.72 billion, a P/E ratio of 19.59, a PEG ratio of 1.05 and a beta of 0.82. The firm’s 50-day moving average is $156.97 and its 200 day moving average is $155.39. 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 released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same quarter last year, the business posted $3.95 EPS. The company’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. As a group, equities research analysts predict that WEX Inc. will post 17.12 EPS for the current fiscal year.

WEX declared that its board has initiated 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 repurchase up to 21.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director James R. Groch purchased 1,500 shares of WEX stock in a transaction on Monday, May 18th. The stock was purchased at an average price of $142.95 per share, with a total value of $214,425.00. Following the transaction, the director directly owned 17,957 shares in the company, valued at $2,566,953.15. The trade was a 9.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction that occurred 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 $867,919.80. This represents a 19.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,858 shares of company stock worth $1,662,835 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in WEX in the 4th quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in shares of WEX during the 2nd quarter worth about $26,000. First Horizon Corp grew its holdings in shares of WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 94 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 173 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of WEX in the second quarter valued at about $41,000. 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.