Earnest Partners LLC Raises Position in WEX Inc. $WEX

Earnest Partners LLC lifted its stake in shares of WEX Inc. (NYSE:WEX) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 907,803 shares of the business services provider’s stock after buying an additional 10,027 shares during the quarter. Earnest Partners LLC’s holdings in WEX were worth $143,006,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WEX. Elevation Point Wealth Partners LLC purchased a new position in WEX in the 3rd quarter worth approximately $240,000. Bridgefront Capital LLC purchased a new stake in shares of WEX during the third quarter valued at approximately $394,000. California Public Employees Retirement System lifted its position in shares of WEX by 25.4% during the third quarter. California Public Employees Retirement System now owns 68,855 shares of the business services provider’s stock worth $10,847,000 after purchasing an additional 13,964 shares in the last quarter. Bank of America Corp DE lifted its position in shares of WEX by 8.6% during the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock worth $138,474,000 after purchasing an additional 69,375 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of WEX in the third quarter valued at $188,000. 97.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WEX

In other WEX news, COO Robert Joseph Deshaies sold 3,238 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total transaction of $486,412.36. Following the sale, the chief operating officer owned 14,859 shares in the company, valued at $2,232,118.98. This represents a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Sara Trickett sold 1,815 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $149.95, for a total value of $272,159.25. Following the transaction, the insider directly owned 2,137 shares in the company, valued at approximately $320,443.15. This represents a 45.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,154 shares of company stock valued at $1,256,518 in the last three months. Corporate insiders own 1.40% of the company’s stock.

WEX Trading Down 0.3%

NYSE WEX opened at $159.82 on Friday. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.23 and a beta of 0.97. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $180.71. The company’s fifty day moving average price is $157.27 and its two-hundred day moving average price is $155.92.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. WEX had a net margin of 11.43% and a return on equity of 48.01%. The business had revenue of $672.90 million for the quarter, compared to analyst estimates of $660.89 million. During the same quarter in the prior year, the business posted $3.57 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. 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, research analysts predict that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on WEX. Mizuho cut their price objective on shares of WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a research report on Friday, March 6th. UBS Group set a $165.00 price target on WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. Cantor Fitzgerald increased their price target on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, WEX currently has a consensus rating of “Hold” and a consensus target price of $162.27.

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.