Robert Joseph Deshaies Sells 2,000 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total transaction of $296,800.00. Following the completion of the transaction, the chief operating officer directly owned 20,288 shares of the company’s stock, valued at $3,010,739.20. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 28th, Robert Joseph Deshaies sold 1,200 shares of WEX stock. The shares were sold at an average price of $144.84, for a total transaction of $173,808.00.

WEX Stock Performance

Shares of WEX stock opened at $153.65 on Friday. The stock’s fifty day simple moving average is $142.00 and its 200 day simple moving average is $151.89. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. The company has a market capitalization of $5.33 billion, a PE ratio of 17.24, a PEG ratio of 0.91 and a beta of 0.85. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $186.85.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The company had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. During the same period last year, the company earned $3.51 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. 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, research analysts predict that WEX Inc. will post 16.77 EPS for the current year.

WEX announced that its Board of Directors has initiated a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Trading of WEX

Several institutional investors and hedge funds have recently bought and sold shares of WEX. Goldman Sachs Group Inc. increased its holdings in shares of WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after acquiring an additional 215,036 shares during the last quarter. Empowered Funds LLC bought a new position in shares of WEX in the first quarter valued at about $394,000. American Century Companies Inc. lifted its stake in shares of WEX by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after buying an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of WEX by 4,837.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after buying an additional 387 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in WEX in the 2nd quarter valued at about $271,000. Institutional investors own 97.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WEX shares. Loop Capital initiated coverage on WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their target price on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Weiss Ratings cut WEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. Cantor Fitzgerald decreased their price target on WEX from $173.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Finally, Robert W. Baird boosted their price target on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $172.30.

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.