Vanguard Group Inc. Cuts Stock Holdings in WEX Inc. $WEX

Vanguard Group Inc. lessened its stake in shares of WEX Inc. (NYSE:WEX) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 3,222,345 shares of the business services provider’s stock after selling 39,910 shares during the period. Vanguard Group Inc. owned approximately 0.09% of WEX worth $480,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WEX. Quent Capital LLC purchased a new position in shares of WEX in the 3rd quarter worth approximately $28,000. First Horizon Corp boosted its stake in WEX by 65.7% during the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after buying an additional 94 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in 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 buying an additional 173 shares during the period. Hantz Financial Services Inc. increased its position in WEX by 162.1% during the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 141 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake 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 acquiring an additional 119 shares during the period. 97.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other WEX news, COO Robert Joseph Deshaies sold 3,238 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $150.22, for a total value of $486,412.36. Following the transaction, the chief operating officer directly owned 14,859 shares in the company, valued at $2,232,118.98. This represents a 17.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jennifer Kimball sold 715 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total transaction of $112,841.30. Following the transaction, the chief accounting officer directly owned 6,203 shares in the company, valued at approximately $978,957.46. This trade represents a 10.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,479 shares of company stock worth $2,454,914 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald raised their target price on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Loop Capital assumed coverage on shares of WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 price objective on the stock. UBS Group set a $165.00 price objective on shares of WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. Mizuho dropped their target price on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $169.27.

WEX Stock Down 4.5%

NYSE:WEX opened at $147.18 on Wednesday. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. WEX Inc. has a twelve month low of $120.03 and a twelve month high of $186.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. The stock has a fifty day simple moving average of $158.34 and a 200-day simple moving average of $154.46.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. The firm had revenue of $673.80 million for the quarter, compared to analysts’ expectations of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.51 earnings per share. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Analysts anticipate that WEX Inc. will post 16.34 EPS for the current year.

WEX Company 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.