WEX Inc. $WEX Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of WEX Inc. (NYSE:WEX) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 3,262,255 shares of the business services provider’s stock after purchasing an additional 12,099 shares during the quarter. Vanguard Group Inc. owned about 0.10% of WEX worth $513,903,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WEX. Goldman Sachs Group Inc. boosted its stake in shares of WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after purchasing an additional 215,036 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of WEX during the 1st quarter worth $394,000. Envestnet Asset Management Inc. boosted its holdings in shares of WEX by 16.4% during the second quarter. Envestnet Asset Management Inc. now owns 68,716 shares of the business services provider’s stock worth $10,094,000 after purchasing an additional 9,663 shares during the last quarter. Bessemer Group Inc. grew its position in shares of WEX by 44.9% in the second quarter. Bessemer Group Inc. now owns 4,248 shares of the business services provider’s stock valued at $624,000 after purchasing an additional 1,316 shares during the period. Finally, Lightrock Netherlands B.V. increased its stake in WEX by 205.0% in the second quarter. Lightrock Netherlands B.V. now owns 36,600 shares of the business services provider’s stock valued at $5,376,000 after purchasing an additional 24,600 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Stock Performance

Shares of WEX stock opened at $150.10 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86. The company has a market cap of $5.15 billion, a PE ratio of 17.66, a P/E/G ratio of 1.16 and a beta of 0.98. The company’s fifty day simple moving average is $155.13 and its 200-day simple moving average is $156.90. WEX Inc. has a 52 week low of $110.45 and a 52 week high of $180.71.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.90 by $0.21. WEX had a return on equity of 48.01% and a net margin of 11.43%.The firm had revenue of $672.90 million during the quarter, compared to the consensus estimate of $660.89 million. During the same period in the prior year, the firm earned $3.57 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, equities research analysts anticipate that WEX Inc. will post 14.09 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on WEX shares. Mizuho lowered their price target on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Morgan Stanley set a $146.00 target price on shares of WEX in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lowered their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Finally, Cantor Fitzgerald upped their price objective on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $162.27.

Insider Buying and Selling

In other WEX news, COO Carlos Carriedo sold 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total value of $251,842.50. Following the completion of the transaction, the chief operating officer owned 3,695 shares in the company, valued at $590,830.50. This represents a 29.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Kimball sold 494 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the sale, the chief accounting officer directly owned 3,671 shares of the company’s stock, valued at $555,789.40. This trade represents a 11.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 8,154 shares of company stock valued at $1,256,518. Insiders own 1.40% of the company’s stock.

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.