Intech Investment Management LLC Purchases 1,803 Shares of WEX Inc. $WEX

Intech Investment Management LLC boosted its position in WEX Inc. (NYSE:WEX) by 99.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,612 shares of the business services provider’s stock after purchasing an additional 1,803 shares during the period. Intech Investment Management LLC’s holdings in WEX were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Cetera Investment Advisers lifted its stake in shares of WEX by 27.1% during the 2nd quarter. Cetera Investment Advisers now owns 5,203 shares of the business services provider’s stock worth $764,000 after acquiring an additional 1,109 shares during the last quarter. SG Americas Securities LLC increased its stake in WEX by 58.8% in the second quarter. SG Americas Securities LLC now owns 2,820 shares of the business services provider’s stock worth $414,000 after purchasing an additional 1,044 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of WEX by 5.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,799 shares of the business services provider’s stock worth $1,292,000 after purchasing an additional 453 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of WEX by 23.2% during the second quarter. PNC Financial Services Group Inc. now owns 11,236 shares of the business services provider’s stock worth $1,650,000 after purchasing an additional 2,113 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of WEX during the second quarter valued at $186,980,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Performance

Shares of NYSE:WEX opened at $148.36 on Friday. The firm has a 50 day moving average of $151.62 and a 200 day moving average of $154.44. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.99. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24. WEX Inc. has a 52 week low of $110.45 and a 52 week high of $191.43.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.14. The business had revenue of $691.80 million for the quarter, compared to the consensus estimate of $678.25 million. WEX had a return on equity of 45.36% and a net margin of 10.81%.The business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $4.35 EPS. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. On average, sell-side analysts predict that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Stephen Montgomery Smith acquired 1,000 shares of WEX stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $144.25 per share, for a total transaction of $144,250.00. Following the purchase, the director directly owned 7,971 shares in the company, valued at $1,149,816.75. The trade was a 14.35% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on WEX shares. UBS Group reduced their price target on shares of WEX from $185.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Zacks Research lowered WEX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Robert W. Baird raised their price objective on WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Bank of America raised WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $172.92.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.