WEX (NYSE:WEX) Sees Unusually-High Trading Volume Following Analyst Upgrade

WEX Inc. (NYSE:WEX) saw unusually-high trading volume on Friday after Keefe, Bruyette & Woods raised their price target on the stock from $200.00 to $210.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. 1,057,428 shares were traded during trading, an increase of 92% from the previous session’s volume of 551,364 shares.The stock last traded at $175.6150 and had previously closed at $171.47.

A number of other equities analysts also recently weighed in on the stock. Mizuho set a $200.00 target price on shares of WEX in a research note on Friday. Morgan Stanley boosted their price target on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price target on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Robert W. Baird raised their price objective on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Loop Capital assumed coverage on WEX in a research note on Monday, April 27th. They set a “buy” rating and a $195.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $179.73.

Insider Transactions at WEX

In other news, Director James R. Groch acquired 1,500 shares of WEX stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the purchase, the director owned 17,957 shares in the company, valued at $2,566,953.15. This trade represents a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert Joseph Deshaies sold 2,000 shares of WEX stock in a transaction dated Monday, July 6th. The stock was 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is currently owned by company insiders.

Key Headlines Impacting WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX posted Q2 revenue of $753.5 million and adjusted EPS of $5.35, both above analyst estimates, with revenue up 14.2% year over year and profit growth outpacing sales. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised FY 2026 guidance to $2.86 billion-$2.90 billion in revenue and $19.68-$20.08 in adjusted EPS, signaling management confidence in continued momentum. WEX’s Q2 Earnings & Revenues Surpass Estimates, Increase Y/Y
• Positive Sentiment: WEX also boosted Q3 guidance above consensus and highlighted share repurchases, which can support the stock by reducing share count and reinforcing capital discipline. WEX outlines 2026 revenue of $2.86B-$2.9B while prioritizing buybacks after leverage returns to 2.9x
• Neutral Sentiment: Analysts and market commentary are also framing WEX as a long-term value idea, but that is more of a valuation case than a near-term catalyst. Why Wex (WEX) is a Top Value Stock for the Long-Term

Hedge Funds Weigh In On WEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings 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 purchasing an additional 44,031 shares in the last quarter. Par Capital Management Inc. lifted its holdings in shares of WEX by 21.6% during the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after purchasing an additional 400,500 shares in the last quarter. Boston Partners boosted its position in shares of WEX by 13.7% during the fourth quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock valued at $215,955,000 after buying an additional 174,079 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of WEX by 794.0% during the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock valued at $132,563,000 after buying an additional 790,271 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in WEX by 8.6% in the 3rd quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock worth $138,474,000 after buying an additional 69,375 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

WEX Price Performance

The firm has a fifty day moving average of $145.69 and a 200 day moving average of $152.58. 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 $6.10 billion, a P/E ratio of 17.49, a P/E/G ratio of 0.96 and a beta of 0.85.

WEX (NYSE:WEX) last posted its 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. The business had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 44.40%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.95 EPS. 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, equities research analysts anticipate that WEX Inc. will post 16.81 EPS for the current year.

WEX declared that its Board of Directors has authorized a share buyback 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 buy up to 21.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.