Joel Alan Dearborn Jr Sells 3,343 Shares of WEX (NYSE:WEX) Stock

Key Points

• WEX COO Joel Dearborn Jr. sold 3,343 shares for $668,600 at an average price of $200 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 16.42% to 17,021 shares.
• WEX shares fell 1.4% to $197.19, despite the company reporting quarterly earnings and revenue above analyst expectations and year-over-year revenue growth of 14.2%.
• Institutional investors own 97.47% of WEX, while analysts maintain a consensus “Hold” rating with an average price target of $185.64.

WEX Inc. (NYSE:WEX - Get Free Report) COO Joel Dearborn, Jr. sold 3,343 shares of the firm's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $200.00, for a total value of $668,600.00. Following the completion of the sale, the chief operating officer owned 17,021 shares of the company's stock, valued at approximately $3,404,200. This represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

WEX Stock Down 1.4%

NYSE:WEX traded down $2.89 on Wednesday, hitting $197.19. The stock had a trading volume of 569,034 shares, compared to its average volume of 478,721. WEX Inc. has a 1 year low of $125.29 and a 1 year high of $203.99. The firm's fifty day simple moving average is $184.81 and its two-hundred day simple moving average is $162.32. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $6.72 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.04 and a beta of 0.83.

WEX (NYSE:WEX - Get Free Report) last released its earnings results 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 company had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.WEX's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Analysts predict that WEX Inc. will post 17.13 earnings per share for the current year.

Institutional Investors Weigh In On WEX

Institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in shares of WEX by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider's stock worth $599,313,000 after purchasing an additional 44,031 shares in the last quarter. Jupiter Topco LLC bought a new position in WEX in the 2nd quarter worth approximately $559,710,000. BlackRock Inc. bought a new position in WEX in the 2nd quarter worth approximately $446,833,000. Bank of America Corp DE grew its stake in WEX by 13.6% in the 1st quarter. Bank of America Corp DE now owns 823,681 shares of the business services provider's stock valued at $126,056,000 after buying an additional 98,524 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. grew its stake in WEX by 58.5% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider's stock valued at $102,435,000 after buying an additional 246,923 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of WEX from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Weiss Ratings raised shares of WEX from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of WEX from $180.00 to $160.00 and set a "hold" rating on the stock in a report on Friday, June 12th. Evercore upgraded WEX to an "outperform" rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen lowered WEX from a "buy" rating to a "hold" rating in a report on Sunday, May 24th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $185.64.

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.

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