WEX Inc. (NYSE:WEX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of WEX Inc. (NYSE:WEX) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat reports. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $162.2727.

A number of brokerages have recently issued reports on WEX. JPMorgan Chase & Co. dropped their target price on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Cantor Fitzgerald lifted their price target on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. Raymond James Financial restated a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Finally, Morgan Stanley set a $146.00 target price on WEX in a research note on Friday, February 6th.

Insiders Place Their Bets

In other WEX news, COO Robert Joseph Deshaies sold 3,238 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $150.22, for a total value of $486,412.36. Following the transaction, the chief operating officer directly owned 14,859 shares in the company, valued at $2,232,118.98. The trade was a 17.89% 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 hyperlink. Also, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total transaction of $251,842.50. Following the completion of the transaction, the chief operating officer directly owned 3,695 shares in the company, valued at $590,830.50. The trade was a 29.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 8,375 shares of company stock worth $1,294,567. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of WEX by 158.3% during the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after acquiring an additional 215,036 shares during the period. Empowered Funds LLC bought a new position in shares of WEX during the first quarter worth approximately $394,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of WEX during the second quarter worth approximately $338,000. PNC Financial Services Group Inc. lifted its holdings in WEX by 23.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,236 shares of the business services provider’s stock worth $1,650,000 after purchasing an additional 2,113 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in WEX by 5.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,799 shares of the business services provider’s stock worth $1,292,000 after purchasing an additional 453 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Price Performance

NYSE:WEX opened at $149.28 on Friday. The stock has a market capitalization of $5.12 billion, a PE ratio of 17.56, a P/E/G ratio of 1.18 and a beta of 0.97. WEX has a 1-year low of $110.45 and a 1-year high of $180.71. The firm has a fifty day simple moving average of $157.28 and a 200 day simple moving average of $155.53. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $0.21. WEX had a net margin of 11.43% and a return on equity of 48.01%. The firm had revenue of $672.90 million for the quarter, compared to analyst estimates of $660.89 million. During the same period in the prior year, the firm posted $3.57 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. On average, research analysts expect that WEX will post 14.09 EPS for the current fiscal year.

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.