WEX (NYSE:WEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of WEX (NYSE:WEX) from a hold rating to a buy rating in a report published on Sunday,Wall Street Zen reports.

WEX has been the subject of a number of other reports. Evercore raised WEX to an “outperform” rating in a report on Tuesday, July 21st. Morgan Stanley upped their target price on WEX from $172.00 to $178.00 and gave the company an “equal weight” rating in a report on Tuesday, October 27th. Mizuho increased their price target on WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Weiss Ratings upgraded WEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 30th. Finally, Zacks Research raised WEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $191.10.

WEX Trading Down 0.9%

Shares of WEX stock opened at $180.93 on Friday. The firm’s 50-day moving average price is $183.85 and its two-hundred day moving average price is $165.37. WEX has a 12-month low of $125.29 and a 12-month high of $203.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.00. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.72 and a beta of 0.93.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, October 28th. The business services provider reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $0.45. WEX had a net margin of 14.05% and a return on equity of 45.74%. The business had revenue of $780.10 million for the quarter, compared to analyst estimates of $749.74 million. During the same quarter last year, the business posted $4.59 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts forecast that WEX will post 18.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Melissa Smith sold 28,109 shares of WEX stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $190.09, for a total value of $5,343,239.81. Following the sale, the chief executive officer owned 126,625 shares of the company’s stock, valued at approximately $24,070,146.25. The trade was a 18.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Sachin Dhawan sold 3,873 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $183.05, for a total value of $708,952.65. Following the completion of the transaction, the chief technology officer owned 11,286 shares in the company, valued at approximately $2,065,902.30. The trade was a 25.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 271,902 shares of company stock worth $49,636,650 in the last three months. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On WEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new stake in shares of WEX during the second quarter valued at approximately $4,982,000. Coppell Advisory Solutions LLC purchased a new position in WEX during the 2nd quarter valued at about $845,000. Corient Private Wealth LP purchased a new stake in WEX in the second quarter worth about $3,795,000. Bank of America Corp DE bought a new position in shares of WEX during the second quarter valued at approximately $115,086,000. Finally, Palisade Capital Management LP purchased a new position in shares of WEX during the second quarter valued at approximately $1,780,000. 97.47% of the stock is currently owned by institutional investors.

Key WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX reportedly outperformed the broader market following an activist-investor settlement. The resolution could ease investor concerns, although the supplied report does not detail the settlement’s terms. Article: WEX Inc. Outperforms Market Following Activist Investor Settlement
• Neutral Sentiment: WEX launched the WEX Index, reporting on how fleet operators responded to the 2026 fuel-price surge, as well as fraud risks and electric-vehicle readiness. The launch may support WEX’s industry profile, but the announcement provides no indication of near-term revenue or profit effects. Article: WEX Launches New WEX Index
• Negative Sentiment: Director Lauren Taylor Wolfe sold 200,000 shares at an average of $181 and another 34,577 shares at $184.19, for about $42.6 million combined. The sales may raise concerns about insider sentiment; however, she retained more than 1.47 million shares after the reported transactions. Article: WEX Director Stock Sales

About WEX

WEX Inc. is a financial technology company that provides payment processing and business management solutions. Founded in 1983 as Wright Express, the company adopted the WEX name in 2012 and is headquartered in Portland, Maine. WEX’s fleet business offers payment cards and related services for commercial and government fleets, including tools to manage fuel purchases, vehicle expenses and fleet operations. Its travel and corporate payments business provides solutions such as virtual cards and payment services for travel companies and other businesses.