WEX Inc. $WEX Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in shares of WEX Inc. (NYSE:WEX) by 23.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,221 shares of the business services provider’s stock after acquiring an additional 7,303 shares during the quarter. California State Teachers Retirement System’s holdings in WEX were worth $5,849,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Rhino Investment Partners Inc raised its holdings in WEX by 45.7% in the 1st quarter. Rhino Investment Partners Inc now owns 61,205 shares of the business services provider’s stock worth $9,367,000 after purchasing an additional 19,200 shares during the period. Empowered Funds LLC grew its holdings in WEX by 76.6% in the first quarter. Empowered Funds LLC now owns 2,598 shares of the business services provider’s stock valued at $398,000 after purchasing an additional 1,127 shares during the period. Quantinno Capital Management LP grew its holdings in WEX by 111.8% in the first quarter. Quantinno Capital Management LP now owns 212,873 shares of the business services provider’s stock valued at $32,578,000 after purchasing an additional 112,378 shares during the period. Lazard Asset Management LLC increased its position in shares of WEX by 45.5% in the first quarter. Lazard Asset Management LLC now owns 19,057 shares of the business services provider’s stock valued at $2,916,000 after buying an additional 5,959 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its position in shares of WEX by 3.5% in the first quarter. Rice Hall James & Associates LLC now owns 180,314 shares of the business services provider’s stock valued at $27,595,000 after buying an additional 6,176 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WEX shares. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Cantor Fitzgerald set a $178.00 price target on shares of WEX in a research note on Monday, July 27th. Robert W. Baird boosted their price target on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Loop Capital assumed coverage on shares of WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their price objective on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.30.

Insider Transactions at WEX

In other WEX news, insider Ann Elena Drew sold 3,400 shares of WEX stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.02, for a total transaction of $598,468.00. Following the sale, the insider owned 7,988 shares of the company’s stock, valued at $1,406,047.76. The trade was a 29.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James R. Groch bought 1,500 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $142.95 per share, with a total value of $214,425.00. Following the acquisition, the director directly owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. This represents a 9.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 8,783 shares of company stock valued at $1,462,885 in the last 90 days. 1.40% of the stock is owned by company insiders.

WEX Price Performance

NYSE:WEX opened at $188.40 on Thursday. The stock has a 50 day moving average of $152.79 and a two-hundred day moving average of $154.31. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $192.37. The firm has a market cap of $6.42 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.05 and a beta of 0.82. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62.

WEX (NYSE:WEX) last released its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $5.08 by $0.27. The business had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, analysts expect that WEX Inc. will post 17.12 earnings per share for the current fiscal year.

WEX declared that its board has authorized a share repurchase program on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 21.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.