WEX (NYSE:WEX) Share Price Crosses Below 200-Day Moving Average – Here’s Why

WEX Inc. (NYSE:WEX)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $154.38 and traded as low as $149.18. WEX shares last traded at $153.2380, with a volume of 428,141 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Raymond James Financial reissued a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Morgan Stanley set a $146.00 price objective on shares of WEX in a report on Friday, February 6th. UBS Group set a $165.00 price objective on shares of WEX and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Mizuho reduced their target price on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $162.27.

WEX Trading Up 3.9%

The stock has a market capitalization of $5.26 billion, a PE ratio of 18.03, a P/E/G ratio of 1.12 and a beta of 0.97. The firm has a 50 day moving average price of $156.26 and a 200 day moving average price of $154.38. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86.

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

Insider Activity

In related news, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total transaction of $251,842.50. Following the completion of the sale, the chief operating officer directly owned 3,695 shares of the company’s stock, valued at approximately $590,830.50. This trade represents a 29.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert Joseph Deshaies sold 3,238 shares of WEX stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total value of $486,412.36. Following the sale, the chief operating officer owned 14,859 shares in the company, valued at $2,232,118.98. This trade represents a 17.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,479 shares of company stock worth $1,309,924 in the last quarter. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in WEX by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after purchasing an additional 60 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of WEX by 0.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock worth $1,515,000 after buying an additional 70 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in WEX by 3.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock valued at $403,000 after purchasing an additional 74 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in WEX by 1.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock valued at $785,000 after buying an additional 94 shares during the period. Finally, First Horizon Corp raised its stake in shares of WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 94 shares during the period. Institutional investors 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.