WEX (NYSE:WEX) Sees Large Volume Increase After Analyst Upgrade

WEX Inc. (NYSE:WEX) saw strong 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 traded 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.

Several other research analysts have also commented on WEX. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Mizuho increased their target price on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Robert W. Baird upped their price target on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, 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. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, WEX currently has an average rating of “Hold” and a consensus price target of $179.73.

Insider Buying and Selling at WEX

In related news, Director James R. Groch purchased 1,500 shares of WEX stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $142.95 per share, with a total value of $214,425.00. Following the purchase, the director directly owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. This represents a 9.11% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert Joseph Deshaies sold 2,000 shares of WEX stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $148.40, for a total transaction of $296,800.00. Following the sale, the chief operating officer owned 20,288 shares of the company’s stock, valued at $3,010,739.20. The trade was a 8.97% decrease in their position. 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. 1.40% of the stock is currently owned by company insiders.

Key Headlines Impacting WEX

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

Institutional Trading of WEX

A number of large investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in WEX during the 4th quarter worth $25,000. First Horizon Corp lifted its stake in WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after acquiring an additional 94 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake 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 valued at $35,000 after purchasing an additional 173 shares in the last quarter. Root Financial Partners LLC boosted its position in WEX by 255.0% during the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 255 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in WEX by 225.4% during the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Up 3.0%

The business’s fifty day moving average price is $146.40 and its two-hundred day moving average price is $152.75. 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 firm has a market capitalization of $6.12 billion, a P/E ratio of 17.59, a PEG ratio of 1.05 and a beta of 0.85.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same period in the prior year, the firm posted $3.95 earnings per share. The business’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. Equities analysts expect that WEX Inc. will post 16.88 earnings per share for the current fiscal year.

WEX declared that its Board of Directors has approved a stock buyback plan on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

WEX Company Profile

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.