James Groch Acquires 1,500 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) Director James Groch purchased 1,500 shares of the stock in a transaction on Monday, May 18th. The shares were acquired at an average cost 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

WEX Price Performance

Shares of WEX stock opened at $148.99 on Friday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. WEX Inc. has a fifty-two week low of $128.91 and a fifty-two week high of $186.85. The firm has a market cap of $5.17 billion, a P/E ratio of 16.72, a P/E/G ratio of 0.90 and a beta of 0.87. The business’s 50 day moving average price is $154.35 and its 200-day moving average price is $153.34.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The company had revenue of $673.80 million during the quarter, compared to the consensus estimate of $660.96 million. During the same quarter in the prior year, the company earned $3.51 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, equities research analysts anticipate that WEX Inc. will post 16.48 earnings per share for the current year.

WEX declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On WEX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC grew its stake in shares of WEX by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock worth $599,313,000 after buying an additional 44,031 shares during the last quarter. Vanguard Group Inc. raised its stake in WEX by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock valued at $513,903,000 after buying an additional 12,099 shares during the last quarter. Par Capital Management Inc. boosted its holdings in WEX by 21.6% in the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after acquiring an additional 400,500 shares in the last quarter. Boston Partners boosted its holdings in WEX by 13.7% in the fourth quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock worth $215,955,000 after acquiring an additional 174,079 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in shares of WEX by 1.1% in the third quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after acquiring an additional 10,027 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on WEX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research report on Monday, April 20th. Mizuho decreased their target price on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Wall Street Zen upgraded WEX from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. UBS Group set a $165.00 price target on WEX and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Robert W. Baird increased their price objective on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, WEX presently has an average rating of “Hold” and an average price target of $169.27.

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.