Jennifer Kimball Sells 1,183 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.55, for a total transaction of $208,858.65. Following the completion of the transaction, the chief accounting officer directly owned 4,916 shares in the company, valued at approximately $867,919.80. This represents a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

WEX Price Performance

Shares of NYSE:WEX opened at $185.67 on Friday. The firm has a 50 day moving average of $149.59 and a 200-day moving average of $153.53. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $191.38. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $6.33 billion, a PE ratio of 18.49, a PEG ratio of 1.05 and a beta of 0.85.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. During the same quarter last year, the business posted $3.95 EPS. 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 research analysts predict that WEX Inc. will post 17.12 EPS for the current fiscal year.

WEX announced that its Board of Directors has authorized a share buyback 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 generally an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On WEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEX. CWM LLC grew its stake in shares of WEX by 377.9% in the fourth quarter. CWM LLC now owns 17,395 shares of the business services provider’s stock worth $2,592,000 after purchasing an additional 13,755 shares during the last quarter. M&T Bank Corp bought a new position in WEX during the 4th quarter worth $28,129,000. Crossmark Global Holdings Inc. lifted its holdings in WEX by 47.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock worth $4,351,000 after buying an additional 9,410 shares during the period. SG Americas Securities LLC lifted its holdings in WEX by 2,115.6% during the 4th quarter. SG Americas Securities LLC now owns 14,667 shares of the business services provider’s stock worth $2,185,000 after buying an additional 14,005 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of WEX by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock valued at $95,209,000 after buying an additional 6,971 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Morgan Stanley increased their target price on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Mizuho lifted their price target on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Keefe, Bruyette & Woods upped their price objective on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Weiss Ratings lowered shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $183.30.

Trending Headlines about WEX

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

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.