WEX Inc. $WEX Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in shares of WEX Inc. (NYSE:WEX) by 65.0% during the 3rd quarter, Holdings Channel reports. The fund owned 380,467 shares of the business services provider’s stock after selling 705,328 shares during the quarter. JPMorgan Chase & Co.’s holdings in WEX were worth $59,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC acquired a new position in WEX in the 3rd quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after purchasing an additional 173 shares in the last quarter. Steph & Co. purchased a new position in shares of WEX in the third quarter valued at approximately $35,000. Hantz Financial Services Inc. boosted its stake in shares of WEX by 162.1% in the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 141 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of WEX by 56.7% in the third quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Stock Performance

Shares of WEX stock opened at $151.47 on Friday. The firm has a market capitalization of $5.20 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.15 and a beta of 0.97. WEX Inc. has a 52 week low of $110.45 and a 52 week high of $180.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. The firm’s 50 day moving average is $157.13 and its two-hundred day moving average is $155.50.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, topping the consensus estimate of $3.90 by $0.21. WEX had a net margin of 11.43% and a return on equity of 48.01%. The firm had revenue of $672.90 million for the quarter, compared to analyst estimates of $660.89 million. During the same period last year, the business earned $3.57 EPS. WEX’s revenue for the quarter was up 5.7% compared to the same quarter last year. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. Research analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Cantor Fitzgerald lifted their target price on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, February 9th. UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. Morgan Stanley set a $146.00 price target on WEX in a report on Friday, February 6th. Finally, Mizuho decreased their price objective on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $162.27.

Insider Transactions at WEX

In related news, CAO Jennifer Kimball sold 715 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total value of $112,841.30. Following the completion of the sale, the chief accounting officer owned 6,203 shares in the company, valued at $978,957.46. This represents a 10.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total transaction of $251,842.50. Following the sale, the chief operating officer owned 3,695 shares of the company’s stock, valued at approximately $590,830.50. This represents a 29.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,375 shares of company stock valued at $1,294,567 over the last ninety days. 1.40% of the stock is owned by insiders.

WEX Profile

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.