WEX Inc. (NYSE:WEX) Receives Average Rating of “Hold” from Analysts

Shares of WEX Inc. (NYSE:WEX) have received a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $172.9167.

Several brokerages have recently weighed in on WEX. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their target price on shares of WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Zacks Research cut WEX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, UBS Group reduced their price objective on shares of WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a research report on Friday, October 31st.

Insider Activity

In other news, COO Robert Joseph Deshaies sold 1,506 shares of WEX stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total transaction of $225,327.72. Following the sale, the chief operating officer owned 15,699 shares of the company’s stock, valued at approximately $2,348,884.38. The trade was a 8.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen Montgomery Smith purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $144.25 per share, for a total transaction of $144,250.00. Following the purchase, the director owned 7,971 shares in the company, valued at approximately $1,149,816.75. The trade was a 14.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WEX

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in shares of WEX by 399.9% in the 1st quarter. Jane Street Group LLC now owns 210,707 shares of the business services provider’s stock worth $33,085,000 after acquiring an additional 168,558 shares during the period. Lightrock Netherlands B.V. grew its holdings in WEX by 205.0% in the second quarter. Lightrock Netherlands B.V. now owns 36,600 shares of the business services provider’s stock valued at $5,376,000 after purchasing an additional 24,600 shares during the last quarter. Optimize Financial Inc acquired a new position in shares of WEX during the 1st quarter worth approximately $389,000. Lifestyle Asset Management Inc. boosted its stake in shares of WEX by 47.2% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 7,739 shares of the business services provider’s stock worth $1,137,000 after purchasing an additional 2,482 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in WEX in the first quarter valued at approximately $400,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Price Performance

NYSE:WEX opened at $149.52 on Thursday. The company has a market capitalization of $5.13 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.17 and a beta of 1.03. The business’s 50-day moving average is $150.77 and its 200 day moving average is $154.76. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33. WEX has a 12 month low of $110.45 and a 12 month high of $188.70.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.14. WEX had a net margin of 10.81% and a return on equity of 45.10%. The firm had revenue of $691.80 million during the quarter, compared to the consensus estimate of $678.25 million. During the same quarter last year, the firm earned $4.35 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. On average, equities research analysts forecast that WEX will post 14.09 earnings per share for the current fiscal year.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.