WEX (NYSE:WEX) Upgraded by Piper Sandler to Hold Rating

Piper Sandler upgraded shares of WEX (NYSE:WEX) to a hold rating in a research report report published on Thursday,Zacks reports.

WEX has been the topic of a number of other reports. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Keefe, Bruyette & Woods lifted their price target on WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Evercore raised WEX to an “outperform” rating in a report on Tuesday, July 21st. Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a research report on Monday, July 27th. Finally, Mizuho raised their target price 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. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $185.64.

WEX Stock Up 0.6%

Shares of NYSE:WEX opened at $191.22 on Thursday. The firm has a fifty day moving average price of $181.89 and a two-hundred day moving average price of $161.22. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. WEX has a one year low of $125.29 and a one year high of $203.99. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 0.99 and a beta of 0.83.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The firm had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. During the same period in the previous year, the business earned $3.95 EPS. The business’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. Analysts anticipate that WEX will post 17.11 EPS for the current fiscal year.

Insider Activity at WEX

In related news, CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $176.55, for a total transaction of $208,858.65. Following the transaction, the chief accounting officer directly owned 4,916 shares of the company’s stock, valued at approximately $867,919.80. This trade represents a 19.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ann Drew sold 3,400 shares of WEX stock in a transaction that occurred 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 transaction, the insider directly owned 7,988 shares in the company, valued at $1,406,047.76. This trade represents a 29.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 36,767 shares of company stock worth $6,832,266 in the last quarter. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Tidal Investments LLC boosted its stake in shares of WEX by 62.5% during the second quarter. Tidal Investments LLC now owns 6,868 shares of the business services provider’s stock valued at $969,000 after purchasing an additional 2,642 shares during the period. WINTON GROUP Ltd bought a new position in WEX in the second quarter worth $4,982,000. Engineers Gate Manager LP purchased a new position in WEX during the second quarter valued at $1,378,000. Arizona State Retirement System lifted its position in WEX by 1.5% during the second quarter. Arizona State Retirement System now owns 9,087 shares of the business services provider’s stock valued at $1,282,000 after buying an additional 135 shares during the period. Finally, Nykredit A S bought a new stake in shares of WEX during the 2nd quarter valued at $190,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Company Profile

WEX Inc (NYSE: WEX) is a global financial technology company that provides payment and expense-management solutions for businesses. Its offerings help organizations manage vehicle-related spending, corporate payments, travel expenses, and employee benefits through specialized payment products and digital platforms.

WEX’s mobility business provides fleet payment cards, fuel and maintenance expense management, telematics-related tools, and other services for commercial fleets, trucking companies, government agencies, and transportation businesses.