WEX (NYSE:WEX) Trading 5.6% Higher on Strong Earnings

WEX Inc. (NYSE:WEX)’s share price was up 5.6% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $164.94 and last traded at $164.4710. 236,169 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 538,536 shares. The stock had previously closed at $155.68.

The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same quarter last year, the company earned $3.95 EPS. The firm’s quarterly revenue 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.

WEX announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 14th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Key WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 2026 expectations on both revenue and earnings, with revenue up 14.2% year over year to $753.5 million and adjusted EPS rising to $5.35, helping support bullish investor sentiment. Article Title
• Positive Sentiment: The company raised full-year guidance, now targeting $2.86 billion to $2.90 billion in revenue and $19.68 to $20.08 in adjusted EPS, which signals management confidence in continued growth. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target on WEX to $210 from $200 and reiterated an outperform rating, implying additional upside from current levels. Article Title

Analyst Ratings Changes

Several research firms have recently commented on WEX. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Morgan Stanley raised their target price on shares of WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday. Cantor Fitzgerald reissued a “neutral” rating on shares of WEX in a report on Thursday. Loop Capital assumed coverage on WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 price objective for the company. Finally, Keefe, Bruyette & Woods lifted their target price on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $179.73.

Insiders Place Their Bets

In other WEX news, Director James R. Groch acquired 1,500 shares of the stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the transaction, the director directly owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This trade represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert Joseph Deshaies sold 2,000 shares of WEX stock in a transaction on Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following the completion of the transaction, the chief operating officer directly owned 20,288 shares of the company’s stock, valued at $3,010,739.20. The trade was a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

Several hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its position in WEX by 794.0% in the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after acquiring an additional 790,271 shares in the last quarter. Turtle Creek Asset Management Inc. purchased a new stake in WEX during the third quarter valued at approximately $93,289,000. Par Capital Management Inc. raised its position in WEX by 21.6% during the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after purchasing an additional 400,500 shares during the period. Norges Bank bought a new stake in shares of WEX in the 4th quarter valued at approximately $50,202,000. Finally, New South Capital Management Inc. lifted its stake in shares of WEX by 627.0% in the 4th quarter. New South Capital Management Inc. now owns 268,023 shares of the business services provider’s stock valued at $39,930,000 after purchasing an additional 231,158 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Trading Up 3.0%

The stock has a market cap of $6.12 billion, a PE ratio of 17.59, a PEG ratio of 1.05 and a beta of 0.85. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.05 and a current ratio of 1.04. The stock has a fifty day moving average price of $146.40 and a 200 day moving average price of $152.75.

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.