Foyston Gordon & Payne Inc Invests $4.40 Million in WEX Inc. $WEX

Foyston Gordon & Payne Inc purchased a new stake in WEX Inc. (NYSE:WEX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 31,162 shares of the business services provider’s stock, valued at approximately $4,397,000. Foyston Gordon & Payne Inc owned 0.09% of WEX at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of WEX by 1.9% during the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after buying an additional 60 shares during the last quarter. Eukles Asset Management lifted its position in WEX by 2.8% in the 4th quarter. Eukles Asset Management now owns 3,429 shares of the business services provider’s stock valued at $511,000 after acquiring an additional 95 shares in the last quarter. Nicolet Advisory Services LLC lifted its position in WEX by 8.1% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 102 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in WEX by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider’s stock valued at $1,748,000 after purchasing an additional 104 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in WEX by 2.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,280 shares of the business services provider’s stock worth $961,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Insiders Place Their Bets

In other news, COO Carlos Carriedo sold 1,075 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total transaction of $199,950.00. Following the sale, the chief operating officer owned 11,076 shares in the company, valued at approximately $2,060,136. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ann Elena Drew sold 3,400 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $176.02, for a total transaction of $598,468.00. Following the completion of the transaction, the insider owned 7,988 shares of the company’s stock, valued at $1,406,047.76. This trade represents a 29.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,858 shares of company stock worth $1,662,835 over the last three months. Corporate insiders own 1.40% of the company’s stock.

WEX Price Performance

Shares of NYSE:WEX opened at $200.16 on Friday. The company has a 50 day moving average of $164.25 and a 200 day moving average of $157.27. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The stock has a market cap of $6.82 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.04 and a beta of 0.82. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $200.55.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.27. The business had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, sell-side analysts forecast that WEX Inc. will post 17.11 EPS for the current fiscal year.

WEX announced that its Board of Directors has initiated a stock buyback program on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 21.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft cut their price target on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a research note on Monday, July 27th. Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, Morgan Stanley raised their price target on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, WEX has a consensus rating of “Hold” and a consensus price target of $183.30.

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.