Insider Selling: WEX (NYSE:WEX) COO Sells $184,950.00 in Stock

WEX Inc. (NYSE:WEX) COO Robert Joseph Deshaies sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $184.95, for a total value of $184,950.00. Following the transaction, the chief operating officer owned 19,288 shares of the company’s stock, valued at approximately $3,567,315.60. This represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, July 6th, Robert Joseph Deshaies sold 2,000 shares of WEX stock. The shares were sold at an average price of $148.40, for a total value of $296,800.00.
• On Thursday, May 28th, Robert Joseph Deshaies sold 1,200 shares of WEX stock. The stock was sold at an average price of $144.84, for a total value of $173,808.00.

WEX Stock Performance

Shares of WEX stock opened at $187.04 on Monday. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.04 and a beta of 0.82. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average of $150.32 and a 200 day moving average of $153.71. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $191.38.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The company had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, sell-side analysts forecast that WEX Inc. will post 17.12 earnings per share for the current year.

WEX declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 14th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to buy up to 21.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have commented on WEX shares. Cantor Fitzgerald set a $178.00 price target on shares of WEX in a research report on Monday, July 27th. Evercore raised WEX to an “outperform” rating in a research report on Tuesday, July 21st. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Morgan Stanley lifted their target price on WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Finally, Robert W. Baird boosted their target price on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Six equities research 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 company presently has a consensus rating of “Hold” and an average target price of $183.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new stake in shares of WEX during the 2nd quarter worth $208,000. Versant Capital Management Inc raised its stake in WEX by 55.2% in the second quarter. Versant Capital Management Inc now owns 655 shares of the business services provider’s stock valued at $92,000 after buying an additional 233 shares in the last quarter. NewEdge Advisors LLC raised its stake in WEX by 679.8% in the first quarter. NewEdge Advisors LLC now owns 1,583 shares of the business services provider’s stock valued at $242,000 after buying an additional 1,380 shares in the last quarter. Essential Partners LLC lifted its holdings in WEX by 20.5% during the 1st quarter. Essential Partners LLC now owns 1,451 shares of the business services provider’s stock worth $222,000 after buying an additional 247 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in WEX during the 1st quarter worth about $3,501,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Company Profile

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.