WEX (NYSE:WEX) Hits New 12-Month High - Should You Buy?

Key Points

• WEX shares reached a new 52-week high of $203.99, well above their 50-day and 200-day moving averages. Despite recent analyst upgrades, the consensus rating remains “Hold,” with an average price target of $183.30.
• The company reported strong quarterly results, with EPS of $5.35 and revenue of $753.5 million both exceeding estimates. Revenue increased 14.2% year over year, and WEX issued quarterly and full-year 2026 earnings guidance.
• WEX authorized a $1 billion share buyback, allowing repurchases of up to 21.2% of outstanding shares. However, insiders have sold 9,858 shares worth approximately $1.66 million over the past three months.

WEX Inc. (NYSE:WEX - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $203.99 and last traded at $199.7370, with a volume of 419539 shares traded. The stock had previously closed at $203.25.

Analyst Ratings Changes

Several research analysts recently issued reports on WEX shares. Mizuho lifted their target price on WEX from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price target on WEX from $180.00 to $160.00 and set a "hold" rating for the company in a research report on Friday, June 12th. 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 report on Friday, July 24th. Evercore upgraded shares of WEX to an "outperform" rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley increased their target price on shares of WEX from $161.00 to $172.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, WEX has a consensus rating of "Hold" and a consensus price target of $183.30.

WEX Stock Performance

The company's 50-day moving average is $167.06 and its two-hundred day moving average is $158.07. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62. The company has a market cap of $6.81 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.06 and a beta of 0.82.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, topping the consensus estimate of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. During the same quarter in the previous year, the firm posted $3.95 earnings per share. The company's revenue for the quarter 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 predict that WEX Inc. will post 17.11 EPS for the current year.

WEX announced that its board has initiated a share buyback program on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at WEX

In other news, CAO Jennifer Kimball sold 1,183 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $176.55, for a total transaction of $208,858.65. Following the completion of the transaction, the chief accounting officer owned 4,916 shares in the company, valued at approximately $867,919.80. This represents a 19.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert Joseph Deshaies sold 1,000 shares of WEX stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $184.95, for a total value of $184,950.00. Following the completion of the sale, the chief operating officer directly owned 19,288 shares of the company's stock, valued at approximately $3,567,315.60. This trade represents a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,858 shares of company stock valued at $1,662,835. Corporate insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WEX. American Century Companies Inc. grew its holdings in shares of WEX by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider's stock worth $471,000 after purchasing an additional 60 shares during the last quarter. Eukles Asset Management lifted its holdings in WEX by 2.8% during the 4th quarter. Eukles Asset Management now owns 3,429 shares of the business services provider's stock valued at $511,000 after purchasing an additional 95 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in WEX by 8.1% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider's stock valued at $214,000 after purchasing an additional 102 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in WEX by 0.9% in the third quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider's stock valued at $1,748,000 after buying an additional 104 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in WEX by 2.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,280 shares of the business services provider's stock valued at $961,000 after buying an additional 124 shares in the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

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.

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