WEX (NYSE:WEX) CAO Jennifer Kimball Sells 494 Shares of Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total value of $74,791.60. Following the sale, the chief accounting officer directly owned 3,671 shares in the company, valued at approximately $555,789.40. The trade was a 11.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

WEX Trading Up 1.8%

Shares of WEX stock opened at $153.62 on Tuesday. The business has a fifty day simple moving average of $149.36 and a 200-day simple moving average of $156.42. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $188.70. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.20 and a beta of 1.03. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.33.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, topping the consensus estimate of $4.45 by $0.14. WEX had a net margin of 10.81% and a return on equity of 45.10%. The firm had revenue of $691.80 million for the quarter, compared to analysts’ expectations of $678.25 million. During the same period in the previous year, the business earned $4.35 earnings per share. WEX’s revenue for the quarter was up 4.0% compared to the same quarter last year. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. On average, equities analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on WEX shares. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Robert W. Baird lifted their target price on WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Wall Street Zen raised WEX from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research cut WEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, WEX has an average rating of “Hold” and a consensus price target of $172.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in WEX by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock worth $513,903,000 after acquiring an additional 12,099 shares in the last quarter. Boston Partners increased its holdings in shares of WEX by 0.3% in the 3rd quarter. Boston Partners now owns 1,273,363 shares of the business services provider’s stock valued at $200,704,000 after purchasing an additional 4,227 shares during the period. JPMorgan Chase & Co. lifted its position in shares of WEX by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 1,085,795 shares of the business services provider’s stock worth $159,494,000 after purchasing an additional 17,691 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of WEX by 1.1% during the third quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after purchasing an additional 10,027 shares during the period. Finally, Bank of America Corp DE grew its position in WEX by 8.6% during the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock valued at $138,474,000 after purchasing an additional 69,375 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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.