UP!
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Type
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Public |
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| Traded as | NYSE: WEX S&P 400 Component |
| Founded | 1983 as Wright Express Corp |
| Headquarters | South Portland, Maine, United States |
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Key people
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Melissa D. Smith (President) (CEO) Roberto Simon Chief Financial Officer |
| Products | fleet cards, corporate payments, virtual card |
| Revenue | USD 1,018.46; million (2016) |
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Operating income
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USD 215; million (2016) |
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Net income
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USD 60.64; million (2016) |
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Number of employees
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~2,700 |
| Website | www |
WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The Company provides services in the United States, Canada, New Zealand, and Australia.
Starting as a fleet card provider in 1983 as Wright Express, WEX Inc. expanded to facilitate corporate payments across the fleet, travel and healthcare industries.
WEX Fleet provides vehicle fleet customers with fuel cards and data and telematics offerings for drivers. In 2012, WEX Fleet acquired Fleet One to provide fleet cards to drivers. WEX Fleet also partners with GasBuddy, OnDeck, and Chevron , among other companies, to provide services to customers. In 2017, WEX Fleet launched a new telematics platform, ClearView Advanced.
The travel segment, WEX Virtual, helps online travel agencies facilitate cross-border payments through virtual cards, allowing online travel agencies to automate back-end accounting practices. WEX Virtual launched in 2000 in support of customers including HitchHiker, HotelTonight, Expedia, and Priceline.
In 2014, WEX acquired Evolution1, a cloud-based health industry payments provider, later renaming it to WEX Health. WEX Health Cloud helps to administer HSAs, HRAs, FSAs, VEBAs, COBRA, defined-contribution, wellness plans, and transit plans. Some partners include Fifth Third Bancorp, Paychex, HSA Bank, and Discovery Benefits.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q3 2022 | 2022-10-26 | Future report Set alerts | |
| Q2 2022 | 2022-07-28 | 3.71 | 3.71 |
| Q1 2022 | 2022-04-28 | 2.88 | 2.88 |
| Q4 2021 | 2022-02-10 | 2.58 | 2.58 |
| Q3 2021 | 2021-10-28 | 2.45 | 2.45 |
| Q2 2021 | 2021-07-29 | 2.31 | 2.31 |
| Q1 2021 | 2021-04-29 | 1.79 | 1.79 |
| Q4 2020 | 2021-02-24 | 1.45 | 1.45 |
| Q3 2020 | 2020-10-29 | 0.00 | 0.00 |
| Q2 2020 | 2020-07-30 | 1.21 | 1.66 |
| 2016-07-07 | Upgrade | Barclays PLC | Underweight to Equal Weight | $80.00 to $98.00 |
| 2016-06-24 | Initiated Coverage | SunTrust | Neutral | $100.00 |
| 2016-06-24 | Initiated Coverage | SunTrust Banks Inc. | Neutral | $100.00 |
| 2016-05-06 | Reiterated Rating | William Blair | Outperform | |
| 2016-04-29 | Upgrade | JPMorgan Chase & Co. | Underweight to Neutral | $72.00 to $91.00 |
| 2016-04-28 | Boost Price Target | Barclays | Underweight | $66.00 to $80.00 |
| 2016-04-28 | Boost Price Target | Morgan Stanley | Equal Weight | $75.00 to $88.00 |
| 2016-04-28 | Downgrade | Wells Fargo | Outperform to Market Perform | |
| 2016-04-28 | Boost Price Target | Barclays PLC | Underweight | $66.00 to $80.00 |
| 2016-04-28 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
| 2016-04-15 | Initiated Coverage | Compass Point | Neutral | $81.00 |
| 2016-04-12 | Boost Price Target | Keefe, Bruyette & Woods | $75.00 to $95.00 | |
| 2016-04-04 | Boost Price Target | Evercore ISI | Hold | $69.00 to $70.00 |
| 2016-02-11 | Reiterated Rating | Jefferies | Buy | $90.00 to $74.00 |
| 2016-02-11 | Reiterated Rating | Jefferies Group | Buy | $90.00 to $74.00 |
| 2016-02-10 | Lower Price Target | Credit Suisse | Outperform | $91.00 to $82.00 |
| 2016-02-10 | Lower Price Target | Credit Suisse Group AG | Outperform | $91.00 to $82.00 |
| 2016-02-09 | Lower Price Target | Keefe, Bruyette & Woods | Outperform | $84.00 to $75.00 |
| 2016-02-09 | Lower Price Target | Goldman Sachs | Neutral | $91.00 to $78.00 |
| 2016-02-09 | Lower Price Target | Deutsche Bank | Hold | $80.00 to $67.00 |
| 2016-02-09 | Lower Price Target | Barclays | Underweight | $85.00 to $66.00 |
| 2016-02-09 | Reiterated Rating | Oppenheimer | Outperform | $85.00 to $78.00 |
| 2016-02-09 | Lower Price Target | Goldman Sachs Group Inc. | Neutral | $91.00 to $78.00 |
| 2016-02-09 | Lower Price Target | Deutsche Bank AG | Hold | $80.00 to $67.00 |
| 2016-02-09 | Reiterated Rating | Oppenheimer Holdings Inc. | Outperform | $85.00 to $78.00 |
| 2016-02-03 | Reiterated Rating | Keefe, Bruyette & Woods | Outperform | $107.00 to $84.00 |
| 2016-02-02 | Reiterated Rating | William Blair | Outperform | |
| 2016-02-02 | Reiterated Rating | Oppenheimer | Outperform | $103.00 to $85.00 |
| 2016-02-01 | Lower Price Target | JPMorgan Chase & Co. | Underweight | $86.00 to $81.00 |
| 2016-01-27 | Lower Price Target | Credit Suisse | $111.00 to $91.00 | |
| 2016-01-22 | Upgrade | Wells Fargo | Market Perform to Outperform | |
| 2016-01-19 | Lower Price Target | Barclays | Underweight | $95.00 to $85.00 |
| 2016-01-14 | Lower Price Target | Deutsche Bank | Hold | $93.00 to $80.00 |
| 2016-01-05 | Lower Price Target | Evercore ISI | Hold | $92.00 to $91.00 |
| 2016-01-05 | Downgrade | Barclays | Equal Weight to Underweight | $95.00 |
| 2015-12-10 | Initiated Coverage | Credit Suisse | Outperform | $111.00 |
| 2015-12-02 | Reiterated Rating | Oppenheimer | Outperform | $103.00 |
| 2015-11-02 | Boost Price Target | Citigroup Inc. | Buy | $113.00 to $117.00 |
| 2015-11-02 | Lower Price Target | Oppenheimer | Outperform | $115.00 to $103.00 |
| 2015-10-29 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $100.00 to $96.00 |
| 2015-10-29 | Lower Price Target | Evercore ISI | Hold | $94.00 to $92.00 |
| 2015-10-29 | Lower Price Target | Barclays | Equal Weight | $110.00 to $95.00 |
| 2015-10-29 | Lower Price Target | Topeka Capital Markets | Hold | $110.00 to $92.00 |
| 2015-10-21 | Reiterated Rating | William Blair | Outperform | |
| 2015-10-07 | Reiterated Rating | Keefe, Bruyette & Woods | Buy | |
| 2015-10-06 | Lower Price Target | Keefe, Bruyette & Woods | Outperform | $130.00 to $114.00 |
| 2015-10-02 | Lower Price Target | Evercore ISI | Hold | $104.00 to $94.00 |
| 2015-09-21 | Reiterated Rating | Deutsche Bank | Hold | $100.00 to $93.00 |
| 2015-08-19 | Initiated Coverage | Barclays | Equal Weight to Equal Weight | $110.00 |
| 2015-08-14 | Downgrade | JPMorgan Chase & Co. | Neutral to Underweight | $94.00 to $100.00 |
| 2015-07-21 | Reiterated Rating | Deutsche Bank | Hold | |
| 2015-06-29 | Initiated Coverage | Susquehanna | Neutral | $116.00 |
| 2015-06-16 | Initiated Coverage | Topeka Capital Markets | Hold | $110.00 |
| 2015-05-20 | Initiated Coverage | Credit Agricole | Underperform | $120.00 |
| 2015-05-20 | Initiated Coverage | Credit Agricole SA | Underperform | $120.00 |
| 2015-05-19 | Initiated Coverage | CLSA | Underperform | $120.00 |
| 2015-05-19 | Initiated Coverage | Credit Agricole | Underperform | $120.00 |
| 2015-05-09 | Reiterated Rating | Jefferies Group | Buy | $118.00 to $134.00 |
| 2015-05-06 | Boost Price Target | Citigroup Inc. | Buy | $130.00 to $134.00 |
| 2015-04-30 | Boost Price Target | Deutsche Bank | Hold | $107.00 to $113.00 |
| 2015-04-27 | Boost Price Target | Citigroup Inc. | Buy | $117.00 to $130.00 |
| 2015-03-19 | Initiated Coverage | Oppenheimer | Outperform to Outperform | $120.00 |
| 2015-02-10 | Boost Price Target | Citigroup Inc. | Buy | $113.00 to $117.00 |
| 2015-02-10 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $108.00 to $96.00 |
| 2015-02-10 | Set Price Target | Keefe, Bruyette & Woods | Buy | $128.00 to $119.00 |
| 2015-01-20 | Reiterated Rating | Deutsche Bank | Hold | $115.00 to $107.00 |
| 2015-01-16 | Lower Price Target | Citigroup Inc. | Buy | $120.00 to $113.00 |
| 2015-01-16 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
| 2015-01-16 | Downgrade | Wells Fargo | Outperform to Market Perform | |
| 2015-01-15 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $120.00 to $108.00 |
| 2014-12-01 | Downgrade | Sterne Agee CRT | Buy to Neutral | |
| 2014-10-30 | Initiated Coverage | Morgan Stanley | Equal Weight | $114.00 to $117.00 |
| 2014-10-20 | Reiterated Rating | Deutsche Bank | Hold | $124.00 to $115.00 |
| 2014-09-15 | Initiated Coverage | Sterne Agee CRT | Buy | $140.00 |
| 2014-08-28 | Initiated Coverage | Deutsche Bank | Hold | $124.00 |
| 2014-08-13 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $95.00 to $118.00 |
| 2014-08-04 | Boost Price Target | Jefferies Group | Buy | $111.00 to $125.00 |
| 2014-07-10 | Boost Price Target | Keefe, Bruyette & Woods | $110.00 to $128.00 | |
| 2014-07-09 | Initiated Coverage | Morgan Stanley | Equal Weight | $107.00 |
| 2014-07-08 | Initiated Coverage | Goldman Sachs | Neutral | |
| 2014-07-01 | Boost Price Target | Evercore ISI | Equal Weight | $91.00 to $92.00 |
| 2014-04-24 | Reiterated Rating | Citigroup Inc. | Buy | $110.00 |
| 2014-04-10 | Upgrade | Citigroup Inc. | Buy | $109.00 |
| 2014-03-20 | Upgrade | Citigroup Inc. | Neutral to Buy | $97.00 to $109.00 |
| 2014-02-21 | Initiated Coverage | Jefferies Group | Buy | $110.00 |
| 2014-02-07 | Upgrade | JPMorgan Chase & Co. | Underweight to Neutral | $90.00 to $95.00 |
| 2014-02-06 | Upgrade | Wells Fargo & Co. | Market Perform to Outperform | |
| 2014-02-06 | Upgrade | Wells Fargo | Market Perform to Outperform | |
| 2014-01-06 | Downgrade | Sterne Agee CRT | Neutral to Underperform | |
| 2013-11-11 | Upgrade | Janney Montgomery Scott | Neutral to Buy | $80.00 to $120.00 |
| 2013-10-31 | Boost Price Target | Keefe, Bruyette & Woods | $100.00 to $109.00 |
| 2016-07-07 | Upgrade | Barclays PLC | Underweight to Equal Weight | $80.00 to $98.00 |
| 2016-06-24 | Initiated Coverage | SunTrust | Neutral | $100.00 |
| 2016-06-24 | Initiated Coverage | SunTrust Banks Inc. | Neutral | $100.00 |
| 2016-05-06 | Reiterated Rating | William Blair | Outperform | |
| 2016-04-29 | Upgrade | JPMorgan Chase & Co. | Underweight to Neutral | $72.00 to $91.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In WEX 260 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Vanguard Group, Inc | 4.25M |
| BlackRock Inc. | 3.94M |
| HENDERSON GROUP PLC | 3.82M |
| WELLINGTON MANAGEMENT CO LLP | 3.32M |
| JANUS CAPITAL MANAGEMENT LLC | 2.78M |
| PAR CAPITAL MANAGEMENT INC | 1.85M |
| BANK OF AMERICA CORP /DE/ | 1.65M |
| BlackRock Fund Advisors | 1.48M |
| JPMORGAN CHASE & CO | 1.29M |
| STATE STREET CORP | 1.18M |
| BlackRock Institutional Trust Company, N.A. | 1.15M |
| PRIMECAP MANAGEMENT CO/CA/ | 1.09M |
| Neuberger Berman Group LLC | 0.82M |
| BESSEMER GROUP INC | 0.71M |
| GEODE CAPITAL MANAGEMENT, LLC | 0.68M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| Smith Melissa D President WEX Inc. | 0.20% (77544) | WEX / |
| Dubyak Michael E Chairman & CEO | 0.14% (53975) | WEX / |
| GHOSH SHIKHAR | 0.11% (40953) | WEX / |
| McTavish George L | 0.09% (34123) | WEX / |
| POND KIRK P | 0.08% (31774) | BRKS / ST / WEX / |
| MAHEU RONALD T | 0.05% (19924) | CRAI / VRTU / WEX / |
| Janosick Kenneth SVP, Small Business Solutions | 0.05% (18936) | WEX / |
| Rapkin Hilary A SVP, Gen. Counsel & Corp. Sec. | 0.04% (16267) | WEX / |
| Maxsimic David D President, International | 0.04% (16140) | FLT / WEX / |
| MORIARTY ROWLAND | 0.04% (16064) | CRAI / SPLS / WEX / |
| Hogan George W General Manager, FleetOne LLC | 0.04% (15615) | WEX / |
| Simon Roberto Chief Financial Officer | 0.04% (14058) | WEX / |
| SOMMER REGINA O | 0.03% (12910) | PODD / WEX / |
| Elder Steven Alan SVP & Chief Financial Officer | 0.03% (11375) | WEX / |
| Morris Nicola S SVP, Corporate Development | 0.03% (11367) | WEX / |
| VANWOERKOM JACK | 0.03% (10982) | WEX / |
| Strzegowski Gregory Scott SVP Corporate Development | 0.03% (9928) | WEX / |
| Phillips Scott Robert SVP and GM, EFS | 0.02% (9641) | WEX / |
| Young Jeffrey Alan SVP, GM WEX Health | 0.02% (6762) | WEX / |
| Duprat Eric | 0.01% (2856) | WEX / |
| Dearborn Joel Alan JR President, Corporate Payments | 0.01% (2509) | WEX / |
| Pratt James Edward SVP, GM Virtual Payments | 0.01% (2152) | WEX / |
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