Ann Elena Drew Sells 3,400 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) insider Ann Elena Drew sold 3,400 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $176.02, for a total transaction of $598,468.00. Following the completion of the sale, the insider owned 7,988 shares of the company’s stock, valued at approximately $1,406,047.76. The trade was a 29.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WEX Price Performance

WEX stock opened at $185.67 on Friday. WEX Inc. has a 52 week low of $125.29 and a 52 week high of $191.38. The company’s 50 day moving average price is $149.59 and its two-hundred day moving average price is $153.53. The stock has a market cap of $6.33 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.05 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The company had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. During the same quarter in the prior year, the business earned $3.95 earnings per share. The firm’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. On average, equities analysts predict that WEX Inc. will post 17.12 earnings per share for the current year.

WEX announced that its board 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 buy up to 21.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

WEX has been the subject of a number of analyst reports. Cantor Fitzgerald set a $178.00 price target on WEX in a report on Monday. Deutsche Bank Aktiengesellschaft cut their target price on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Keefe, Bruyette & Woods increased their price target on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Mizuho boosted their price objective on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Robert W. Baird increased their target price on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, WEX presently has an average rating of “Hold” and a consensus target price of $183.30.

WEX News Summary

Here are the key news stories impacting WEX this week:

• Positive Sentiment: SecureFuel expands WEX’s commercial-fleet technology offering. WEX introduced SecureFuel, an AI-powered fraud-prevention capability that analyzes fleet-card transactions and real-time vehicle data to identify and block potentially unauthorized fuel purchases before approval. The product could improve customer value, reduce fraud-related losses and support adoption of WEX’s fleet platform. WEX Introduces SecureFuel AI-Powered Fraud Prevention for Commercial Fleets
• Positive Sentiment: Recent earnings exceeded expectations. WEX reported second-quarter revenue of $753.5 million, up 14.2% year over year, and earnings per share of $5.35, topping the $5.08 analyst consensus. Management guided to third-quarter EPS of $5.45–$5.65 and full-year EPS of $19.68–$20.08, indicating continued earnings growth.
• Positive Sentiment: Share repurchase authorization provides potential support. WEX’s board previously approved a $1 billion buyback program, authorizing repurchases of up to approximately 21.2% of outstanding shares. Repurchases could support per-share earnings and signal management’s confidence in the company’s valuation.
• Neutral Sentiment: Investor communication is scheduled. CFO Jagtar Narula will participate in Bank of America’s SMID Cap Executive Insights Event on August 11. The event could offer updates on demand, guidance and SecureFuel adoption, but it is not an immediate earnings catalyst. WEX to Participate in the Bank of America 2026 SMID Cap Executive Insights Event
• Negative Sentiment: Multiple executives recently reduced their holdings. Chief Risk and Compliance Officer Ann Elena Drew sold 3,400 shares for approximately $598,468, reducing her position by about 29.9%. Chief Accounting Officer Jennifer Kimball sold 1,183 shares worth approximately $208,859, cutting her holdings by 19.4%. Over the past six months, reported open-market activity included 24 insider sales and only one purchase, which may weigh on sentiment even though sales can reflect personal financial planning. WEX CAO Sells 1,183 Shares of Stock

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. lifted its holdings 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 acquiring an additional 60 shares during the last quarter. First Horizon Corp raised its position in WEX by 65.7% during the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 94 shares in the last quarter. Eukles Asset Management lifted its stake in WEX by 2.8% during the fourth quarter. Eukles Asset Management now owns 3,429 shares of the business services provider’s stock worth $511,000 after purchasing an additional 95 shares during the last quarter. Nicolet Advisory Services LLC boosted its holdings in shares of WEX by 8.1% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock worth $214,000 after purchasing an additional 102 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of WEX by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider’s stock valued at $1,748,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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.