WEX (NYSE:WEX) Stock Breaks Above 50-Day Moving Average - Here's Why

Key Points

• WEX shares moved above their 50-day moving average, reaching $190.99 before closing near $188.58, following strong quarterly results.
• Third-quarter adjusted EPS rose to $6.13 from $4.59, while revenue increased 12.8% to $780.1 million, beating analyst expectations. Management also raised full-year 2026 revenue and adjusted net income guidance.
• Investor sentiment was supported by broad business growth, $275 million in recent share repurchases and a new agentic-AI partnership, though insider selling and a consensus “Hold” rating remain potential concerns.

WEX Inc. (NYSE:WEX - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $186.60 and traded as high as $190.99. WEX shares last traded at $188.5770, with a volume of 946,830 shares traded.

Key Stories Impacting WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Quarterly results exceeded expectations. WEX reported adjusted earnings of $6.13 per share, up from $4.59 a year earlier and above the $5.67–$5.68 analyst consensus. Revenue increased 12.8% year over year to $780.1 million, surpassing estimates of approximately $749.7 million. WEX Q3 earnings and revenues top estimates
• Positive Sentiment: Management raised 2026 guidance. Full-year revenue guidance increased to $2.97 billion–$2.99 billion, while adjusted net income guidance rose to $736 million–$743 million, or $21.28–$21.48 per diluted share. Fourth-quarter revenue is expected to be $760 million–$780 million. WEX third-quarter 2026 financial results
• Positive Sentiment: Growth was broad, led by Mobility. Mobility revenue rose 20.6% to $435.1 million, Benefits revenue increased 4.8% to $207.6 million, and Corporate Payments revenue grew 3.5% to $137.4 million. Total payment volume climbed 18.5% to $78.5 billion, while operating margin reached 30.6%.
• Positive Sentiment: Shareholder returns supported sentiment. WEX repurchased roughly $200 million of stock during the quarter and another $75 million through October 26, signaling management’s confidence and helping support per-share results. WEX Q3 revenue rises 12.8%
• Positive Sentiment: New AI partnership adds a potential growth catalyst. WEX and Euclid announced agentic AI tools aimed at improving trucking operations, potentially strengthening WEX’s position in commercial mobility payments. WEX teams with Euclid on agentic AI for trucking
• Neutral Sentiment: Options activity and valuation commentary suggest heightened investor interest, but neither provides a definitive indication of future performance.
• Negative Sentiment: Insiders have been net sellers, including multiple sales by executives, which may raise caution even though one insider purchase was reported.
• Negative Sentiment: Morgan Stanley raised its price target to $178 but maintained an “equal weight” rating; the target remains below the recent market level, implying limited near-term upside in the firm’s view. Morgan Stanley WEX rating

Analyst Ratings Changes

WEX has been the subject of a number of research reports. Morgan Stanley raised their price target on shares of WEX from $172.00 to $178.00 and gave the stock an "equal weight" rating in a report on Tuesday. Mizuho upped their price objective on shares of WEX from $170.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a report on Monday, July 27th. Weiss Ratings raised shares of WEX from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. Finally, Keefe, Bruyette & Woods raised their target price on WEX from $200.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, WEX presently has a consensus rating of "Hold" and an average price target of $187.00.

WEX Price Performance

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 business has a 50-day moving average price of $186.60 and a two-hundred day moving average price of $164.31. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.01 and a beta of 0.84.

WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, October 28th. The business services provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.68 by $0.45. WEX had a return on equity of 43.19% and a net margin of 12.56%. The company had revenue of $780.10 million for the quarter, compared to analysts' expectations of $749.74 million. During the same period last year, the business earned $4.59 EPS. WEX's quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts anticipate that WEX Inc. will post 17.27 EPS for the current year.

Insider Buying and Selling at WEX

In other news, COO Robert Deshaies sold 2,000 shares of the business's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $173.56, for a total transaction of $347,120.00. Following the completion of the sale, the chief operating officer directly owned 17,288 shares of the company's stock, valued at $3,000,505.28. The trade was a 10.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Melissa D. Smith sold 28,109 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $190.09, for a total transaction of $5,343,239.81. Following the completion of the sale, the chief executive officer owned 126,625 shares in the company, valued at $24,070,146.25. This represents a 18.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 34,527 shares of company stock valued at $6,558,910 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WEX

A number of hedge funds have recently added to or reduced their stakes in WEX. Jupiter Topco LLC bought a new stake in WEX during the second quarter worth $559,710,000. BlackRock Inc. purchased a new position in WEX in the second quarter worth $446,833,000. Bank of America Corp DE purchased a new position in WEX in the second quarter worth $115,086,000. 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 purchasing an additional 246,923 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in WEX in the 2nd quarter valued at $30,672,000. 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-processing and business-management solutions. Its products are designed to help organizations manage corporate spending, employee benefits and mobility-related expenses through specialized payment accounts, software and data tools.

WEX's mobility business serves commercial vehicle fleets with fuel cards, fleet-payment programs, expense controls, telematics integrations and related solutions. The company also supports emerging mobility needs, including electric-vehicle charging payments.

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