Insider Selling: WEX (NYSE:WEX) COO Sells $347,120.00 in Stock

Key Points

• WEX COO Robert Deshaies sold 2,000 shares at an average price of $173.56, generating $347,120. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 10.37% to 17,288 shares.
• WEX shares fell 1.1% to $169.67, compared with a 52-week range of $125.29 to $203.99. The company reported quarterly revenue growth of 14.2% and earnings of $5.35 per share, exceeding analyst expectations.
• Analysts maintain a consensus “Hold” rating, with six Buy and eight Hold recommendations and an average price target of $185.64. Institutional investors own approximately 97.47% of WEX’s outstanding stock.

WEX Inc. (NYSE:WEX - Get Free Report) COO Robert Deshaies sold 2,000 shares of the firm's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $173.56, for a total value of $347,120.00. Following the transaction, the chief operating officer directly owned 17,288 shares of the company's stock, valued at approximately $3,000,505.28. This represents a 10.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robert Joseph Deshaies also recently made the following trade(s):

• On Thursday, July 30th, Robert Deshaies sold 1,000 shares of WEX stock. The stock was sold at an average price of $184.95, for a total value of $184,950.00.

WEX Trading Down 1.1%

Shares of NYSE WEX traded down $1.81 during trading on Wednesday, reaching $169.67. The company had a trading volume of 521,761 shares, compared to its average volume of 573,684. The stock has a market cap of $5.78 billion, a P/E ratio of 16.90, a PEG ratio of 0.89 and a beta of 0.84. The company's fifty day moving average price is $188.84 and its 200-day moving average price is $164.26. 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 Inc. has a 12 month low of $125.29 and a 12 month high of $203.99.

WEX (NYSE:WEX - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same period last year, the company earned $3.95 earnings per share. The firm's revenue was up 14.2% compared to the same quarter last year. 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 Inc. will post 17.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Evercore upgraded shares of WEX to an "outperform" rating in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods boosted their target price on shares of WEX from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of WEX in a research report on Thursday, September 24th. Cantor Fitzgerald set a $178.00 price target on WEX in a report on Monday, July 27th. Finally, Mizuho boosted their price objective on WEX from $170.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $185.64.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WEX. WINTON GROUP Ltd acquired a new stake in WEX in the second quarter worth $4,982,000. Coppell Advisory Solutions LLC acquired a new position in shares of WEX during the second quarter valued at about $845,000. Corient Private Wealth LP acquired a new position in shares of WEX during the second quarter valued at about $3,795,000. Clifford Capital Partners LLC bought a new position in shares of WEX during the 4th quarter worth about $14,202,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of WEX in the 2nd quarter valued at about $1,496,000. Institutional investors and hedge funds own 97.47% of the company's stock.

WEX Company Profile

WEX Inc NYSE: WEX is a financial technology company that provides payment solutions and software for businesses, government agencies and consumers. Its offerings are designed to help organizations manage spending, payments and related administrative processes across mobility, corporate payments and employee benefits.

In its mobility business, WEX provides fleet payment cards and fleet-management tools for commercial vehicles, including fuel, maintenance and transportation-related expenses.

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