WEX Inc. (NYSE:WEX) Receives Average Rating of “Hold” from Brokerages

WEX Inc. (NYSE:WEX) has received a consensus recommendation of “Hold” from the sixteen research firms that are covering the stock, MarketBeat reports. Thirteen equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $162.2727.

Several brokerages recently commented on WEX. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Cantor Fitzgerald boosted their price target on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. cut their price target on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Raymond James Financial reissued a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Finally, Mizuho cut their price target on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 6th.

WEX Price Performance

Shares of NYSE:WEX opened at $157.96 on Wednesday. The company has a 50 day moving average of $155.86 and a 200 day moving average of $153.78. The stock has a market cap of $5.42 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.17 and a beta of 0.93. WEX has a 12 month low of $110.45 and a 12 month high of $180.71. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating the consensus estimate of $3.90 by $0.21. The company had revenue of $672.90 million during the quarter, compared to analysts’ expectations of $660.89 million. WEX had a net margin of 11.43% and a return on equity of 48.01%. WEX’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.57 earnings per share. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, sell-side analysts forecast that WEX will post 14.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other WEX news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $152.14, for a total value of $532,490.00. Following the completion of the transaction, the chief operating officer owned 26,372 shares of the company’s stock, valued at $4,012,236.08. The trade was a 11.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Joseph Deshaies sold 3,238 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total transaction of $486,412.36. Following the completion of the transaction, the chief operating officer directly owned 14,859 shares of the company’s stock, valued at approximately $2,232,118.98. This represents a 17.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 11,979 shares of company stock worth $1,842,414. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WEX

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in shares of WEX by 794.0% in the 4th 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 during the last quarter. Turtle Creek Asset Management Inc. bought a new stake in shares of WEX in the 3rd quarter worth approximately $93,289,000. Par Capital Management Inc. lifted its holdings in shares of WEX by 21.6% in the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after acquiring an additional 400,500 shares during the last quarter. Norges Bank bought a new stake in shares of WEX in the 4th quarter worth approximately $50,202,000. Finally, New South Capital Management Inc. lifted its holdings 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 worth $39,930,000 after acquiring an additional 231,158 shares during 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.