WEX (NYSE:WEX) Sees Unusually-High Trading Volume on Analyst Upgrade

WEX Inc. (NYSE:WEX) shares saw unusually-high trading volume on Friday after Keefe, Bruyette & Woods raised their price target on the stock from $200.00 to $210.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. 1,057,428 shares changed hands during mid-day trading, an increase of 92% from the previous session’s volume of 551,364 shares.The stock last traded at $175.6150 and had previously closed at $171.47.

A number of other brokerages have also weighed in on WEX. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of WEX in a research note on Thursday. Morgan Stanley increased their price objective on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Robert W. Baird raised their price objective on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Evercore raised shares of WEX to an “outperform” rating in a research report on Tuesday. Finally, Loop Capital initiated coverage on shares of WEX in a research note on Monday, April 27th. They issued a “buy” rating and a $195.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, WEX has an average rating of “Hold” and a consensus price target of $179.73.

Insider Buying and Selling

In other WEX news, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $148.40, for a total value of $296,800.00. Following the sale, the chief operating officer owned 20,288 shares in the company, valued at approximately $3,010,739.20. The trade was a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch purchased 1,500 shares of WEX stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $142.95 per share, with a total value of $214,425.00. Following the transaction, the director owned 17,957 shares in the company, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.40% of the stock is currently owned by company insiders.

WEX News Summary

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

Hedge Funds Weigh In On WEX

A number of large investors have recently modified their holdings of the business. CWM LLC raised its holdings in WEX by 377.9% during the fourth quarter. CWM LLC now owns 17,395 shares of the business services provider’s stock worth $2,592,000 after acquiring an additional 13,755 shares in the last quarter. M&T Bank Corp bought a new position in WEX in the fourth quarter valued at approximately $28,129,000. Crossmark Global Holdings Inc. grew its stake in WEX by 47.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock valued at $4,351,000 after purchasing an additional 9,410 shares in the last quarter. SG Americas Securities LLC increased its position in shares of WEX by 2,115.6% during the 4th quarter. SG Americas Securities LLC now owns 14,667 shares of the business services provider’s stock worth $2,185,000 after purchasing an additional 14,005 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of WEX by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock worth $95,209,000 after purchasing an additional 6,971 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Trading Up 3.0%

The company has a market cap of $6.12 billion, a P/E ratio of 17.59, a PEG ratio of 1.08 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 2.62. The business has a 50 day moving average price of $146.40 and a 200-day moving average price of $152.75.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $5.08 by $0.27. The company had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. WEX’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Analysts forecast that WEX Inc. will post 16.88 earnings per share for the current fiscal year.

WEX declared that its board has approved a share repurchase program on Thursday, May 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board 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.