Oppenheimer Asset Management Inc. Invests $2.17 Million in WEX Inc. $WEX

Oppenheimer Asset Management Inc. acquired a new stake in WEX Inc. (NYSE:WEX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,379 shares of the business services provider’s stock, valued at approximately $2,170,000.

Other institutional investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new stake in WEX during the fourth quarter worth $25,000. First Horizon Corp increased its stake in shares of WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 94 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of WEX by 368.1% during the 3rd 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 in the last quarter. Root Financial Partners LLC raised its holdings in shares of WEX by 255.0% during the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after buying an additional 255 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of WEX by 225.4% during the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after buying an additional 257 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WEX. Morgan Stanley raised their price objective on WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Robert W. Baird raised their price target on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Loop Capital initiated coverage on shares of WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 price target on the stock. Finally, Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a research report on Monday, July 27th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, WEX currently has a consensus rating of “Hold” and an average target price of $183.30.

Insider Buying and Selling at WEX

In related news, CAO Jennifer Kimball sold 1,183 shares of WEX stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $176.55, for a total transaction of $208,858.65. Following the sale, the chief accounting officer directly owned 4,916 shares in the company, valued at $867,919.80. This trade represents a 19.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert Joseph Deshaies sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $184.95, for a total transaction of $184,950.00. Following the sale, the chief operating officer directly owned 19,288 shares in the company, valued at $3,567,315.60. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,858 shares of company stock valued at $1,662,835 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

WEX News Roundup

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Broad-based earnings estimate increases: Zacks Research raised its EPS forecasts for WEX’s third quarter of 2026 to $4.83 from $4.52, fiscal 2026 to $17.03 from $16.45, fiscal 2027 to $17.93 from $17.08, and fiscal 2028 to $19.58 from $18.35. Higher profit forecasts generally support the investment case for WEX.
• Positive Sentiment: Improved longer-term quarterly outlook: Zacks increased estimates for first-quarter 2027 EPS to $3.95 from $3.69, third-quarter 2027 EPS to $5.00 from $4.57, fourth-quarter 2027 EPS to $4.54 from $4.39, first-quarter 2028 EPS to $4.47 from $4.19, and second-quarter 2028 EPS to $4.82 from $4.62. The revisions indicate stronger expected earnings momentum through 2028.
• Neutral Sentiment: One minor reduction: Zacks trimmed its second-quarter 2027 EPS forecast to $4.43 from $4.44, a negligible change that does not materially alter the overall positive revision trend.
• Negative Sentiment: Limited immediate catalyst: The changes came from one research firm and largely concern future periods. WEX’s current full-year consensus remains $17.12 per share, while the shares are trading close to their 52-week high, which may encourage investors to lock in gains despite the stronger estimates.

WEX Price Performance

Shares of WEX opened at $191.62 on Monday. 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 stock has a market cap of $6.53 billion, a PE ratio of 19.09, a PEG ratio of 1.00 and a beta of 0.82. WEX Inc. has a 12-month low of $125.29 and a 12-month high of $199.69. The business has a 50-day simple moving average of $158.88 and a two-hundred day simple moving average of $155.90.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. The firm had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the firm 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. Analysts anticipate that WEX Inc. will post 17.11 earnings per share for the current fiscal year.

WEX announced that its board has authorized a share buyback plan on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 21.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

About WEX

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.