WEX Inc. (NYSE:WEX) Given Average Rating of “Hold” by Brokerages

WEX Inc. (NYSE:WEX) has received an average rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $173.70.

WEX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Robert W. Baird raised their price target on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a report on Friday, March 6th. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Loop Capital assumed coverage on shares of WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 price target for the company.

Insider Transactions at WEX

In other news, Director James R. Groch acquired 1,500 shares of WEX stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the purchase, the director directly owned 17,957 shares in the company, valued at $2,566,953.15. This trade represents a 9.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $175.00, for a total value of $612,500.00. Following the completion of the transaction, the chief operating officer owned 22,872 shares of the company’s stock, valued at approximately $4,002,600. The trade was a 13.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,200 shares of company stock worth $1,318,798 over the last three months. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in shares of WEX during the fourth quarter worth $25,000. First Horizon Corp raised its holdings in shares of WEX by 65.7% during the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after purchasing an additional 173 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of WEX by 255.0% during the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after purchasing an additional 255 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of WEX by 225.4% during the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after purchasing an additional 257 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Price Performance

Shares of NYSE WEX opened at $127.67 on Monday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $4.43 billion, a PE ratio of 14.33, a P/E/G ratio of 0.78 and a beta of 0.85. The business has a 50-day simple moving average of $148.73 and a two-hundred day simple moving average of $152.85. WEX has a fifty-two week low of $125.29 and a fifty-two week high of $186.85.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.23. The business had revenue of $673.80 million during the quarter, compared to the consensus estimate of $660.96 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $3.51 earnings per share. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, equities analysts expect that WEX will post 16.77 EPS for the current fiscal year.

WEX declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to repurchase up to 21.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.