WEX (NYSE:WEX) Cut to Hold at Wall Street Zen

WEX (NYSE:WEX) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

WEX has been the topic of a number of other research reports. Cantor Fitzgerald boosted their price objective on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a report on Friday, March 6th. JPMorgan Chase & Co. cut their price objective 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. Loop Capital began coverage on shares of WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 price objective on the stock. Finally, Mizuho cut their price objective on shares of WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $169.27.

WEX Stock Performance

Shares of WEX stock opened at $150.64 on Friday. WEX has a 12 month low of $128.91 and a 12 month high of $186.85. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $5.22 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.94 and a beta of 0.87. The company’s fifty day moving average price is $154.15 and its two-hundred day moving average price is $153.32.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. During the same quarter in the previous year, the business posted $3.51 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, research analysts anticipate that WEX will post 16.48 earnings per share for the current fiscal year.

WEX announced that its board has authorized a stock buyback program on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to reacquire up to 21.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, CAO Jennifer Kimball sold 715 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total value of $112,841.30. Following the completion of the sale, the chief accounting officer owned 6,203 shares of the company’s stock, valued at approximately $978,957.46. The trade was a 10.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sara Trickett sold 1,815 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $149.95, for a total transaction of $272,159.25. Following the completion of the sale, the insider directly owned 2,137 shares of the company’s stock, valued at $320,443.15. The trade was a 45.93% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 12,872 shares of company stock worth $2,031,760. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WEX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Essential Partners LLC increased its position in shares of WEX by 20.5% in the 1st quarter. Essential Partners LLC now owns 1,451 shares of the business services provider’s stock worth $222,000 after purchasing an additional 247 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of WEX during the 1st quarter valued at about $3,501,000. Turtle Creek Asset Management Inc. grew its position in shares of WEX by 58.5% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider’s stock valued at $102,435,000 after buying an additional 246,923 shares during the last quarter. Bank of America Corp DE grew its position in shares of WEX by 13.6% during the 1st quarter. Bank of America Corp DE now owns 823,681 shares of the business services provider’s stock valued at $126,056,000 after buying an additional 98,524 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC bought a new stake in shares of WEX during the 1st quarter valued at about $3,061,000. 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.