WEX (NYSE:WEX) Stock Rating Upgraded by Piper Sandler

Key Points

• Piper Sandler upgraded WEX to a “hold” rating, while broader analyst sentiment remains “Hold,” with six Buy ratings and nine Hold ratings and a consensus price target of $185.64.
• WEX reported quarterly EPS of $5.35, beating estimates of $5.08, while revenue reached $753.5 million and rose 14.2% year over year. The company guided for third-quarter 2026 EPS of $5.45–$5.65.
• WEX shares opened at $191.22, near their 12-month high of $203.99. Institutional investors own 97.47% of the stock, while company insiders have sold $6.83 million worth of shares over the past 90 days.

WEX (NYSE:WEX - Get Free Report) was upgraded by stock analysts at Piper Sandler to a "hold" rating in a note issued to investors on Thursday, Zacks reports.

Several other research firms have also recently commented on WEX. Deutsche Bank Aktiengesellschaft dropped their price objective on WEX from $180.00 to $160.00 and set a "hold" rating on the stock in a research report on Friday, June 12th. Cantor Fitzgerald set a $178.00 target price on WEX in a research report on Monday, July 27th. Mizuho upped 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, July 24th. Wall Street Zen downgraded shares of WEX from a "buy" rating to a "hold" rating in a report on Sunday, May 24th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of WEX from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $185.64.

WEX Price Performance

Shares of NYSE WEX opened at $191.22 on Thursday. WEX has a twelve month low of $125.29 and a twelve month high of $203.99. The firm has a market cap of $6.52 billion, a P/E ratio of 19.05, a PEG ratio of 0.99 and a beta of 0.83. The company has a 50 day moving average of $181.89 and a 200 day moving average of $161.22. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62.

WEX (NYSE:WEX - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.27. The business had revenue of $753.50 million for the quarter, compared to analysts' expectations of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $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. As a group, research analysts expect that WEX will post 17.11 EPS for the current fiscal year.

Insider Buying and Selling

In other WEX news, COO Carlos Carriedo sold 1,075 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total value of $199,950.00. Following the transaction, the chief operating officer directly owned 11,076 shares of the company's stock, valued at approximately $2,060,136. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer Kimball sold 1,183 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.55, for a total value of $208,858.65. Following the sale, the chief accounting officer owned 4,916 shares of the company's stock, valued at approximately $867,919.80. This represents a 19.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 36,767 shares of company stock valued at $6,832,266 over the last ninety days. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On WEX

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its holdings in WEX by 158.3% during the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider's stock valued at $55,097,000 after buying an additional 215,036 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of WEX during the 1st quarter valued at $394,000. American Century Companies Inc. grew its position in shares of WEX by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider's stock valued at $471,000 after acquiring an additional 60 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of WEX by 4,837.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider's stock worth $58,000 after purchasing an additional 387 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of WEX in the 2nd quarter worth $271,000. Hedge funds and other institutional investors own 97.47% of the company's stock.

WEX Company Profile

WEX Inc NYSE: WEX is a global financial technology company that provides payment and expense-management solutions for businesses. Its offerings help organizations manage vehicle-related spending, corporate payments, travel expenses, and employee benefits through specialized payment products and digital platforms.

WEX's mobility business provides fleet payment cards, fuel and maintenance expense management, telematics-related tools, and other services for commercial fleets, trucking companies, government agencies, and transportation businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.