Snyder Capital Management L P Increases Position in WEX Inc. $WEX

Snyder Capital Management L P increased its holdings in WEX Inc. (NYSE:WEX) by 13.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 175,427 shares of the business services provider’s stock after buying an additional 21,028 shares during the period. Snyder Capital Management L P’s holdings in WEX were worth $27,635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of WEX. Quent Capital LLC purchased a new position in WEX in the third quarter worth $28,000. Steph & Co. bought a new stake in shares of WEX during the 3rd quarter worth $35,000. Hantz Financial Services Inc. boosted its holdings in shares of WEX by 162.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock worth $36,000 after buying an additional 141 shares during the last quarter. Jones Financial Companies Lllp grew its position in WEX by 56.7% during the third quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock valued at $53,000 after buying an additional 119 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in WEX during the second quarter valued at about $54,000. 97.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on WEX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. Morgan Stanley set a $146.00 price target on shares of WEX in a research note on Friday, February 6th. Mizuho dropped their price objective on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. JPMorgan Chase & Co. reduced their price objective on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Finally, UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $162.27.

Insider Buying and Selling

In other news, insider Sara Trickett sold 1,815 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $149.95, for a total transaction of $272,159.25. Following the sale, the insider directly owned 2,137 shares in the company, valued at $320,443.15. This represents a 45.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Robert Joseph Deshaies sold 3,238 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total transaction of $486,412.36. Following the completion of the sale, the chief operating officer directly owned 14,859 shares in the company, valued at approximately $2,232,118.98. The trade was a 17.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,154 shares of company stock worth $1,256,518 over the last quarter. 1.40% of the stock is owned by corporate insiders.

WEX Stock Up 0.9%

WEX opened at $165.14 on Thursday. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $180.71. The company has a market cap of $5.67 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. 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 50 day moving average of $155.69 and a 200 day moving average of $156.37.

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

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.