Gotham Asset Management LLC Purchases 77,176 Shares of WEX Inc. $WEX

Gotham Asset Management LLC lifted its position in shares of WEX Inc. (NYSE:WEX) by 39.8% during the 3rd quarter, Holdings Channel reports. The firm owned 270,964 shares of the business services provider’s stock after purchasing an additional 77,176 shares during the quarter. Gotham Asset Management LLC’s holdings in WEX were worth $42,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Earnest Partners LLC lifted its stake in WEX by 1.1% in the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock valued at $143,006,000 after purchasing an additional 10,027 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in WEX during the third quarter worth approximately $240,000. Bridgefront Capital LLC bought a new stake in WEX in the third quarter valued at approximately $394,000. California Public Employees Retirement System raised its stake in WEX by 25.4% in the third quarter. California Public Employees Retirement System now owns 68,855 shares of the business services provider’s stock valued at $10,847,000 after buying an additional 13,964 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of WEX by 8.6% in the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock valued at $138,474,000 after buying an additional 69,375 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Robert Joseph Deshaies sold 3,238 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total value of $486,412.36. Following the completion of the transaction, the chief operating officer owned 14,859 shares of the company’s stock, valued at $2,232,118.98. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 of the company’s stock, valued at $320,443.15. This represents a 45.93% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 8,154 shares of company stock valued at $1,256,518. Company insiders own 1.40% of the company’s stock.

WEX Stock Down 0.3%

NYSE WEX opened at $159.82 on Monday. 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 $5.48 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.23 and a beta of 0.97. The company has a 50 day moving average of $157.27 and a 200-day moving average of $155.80. WEX Inc. has a 1-year low of $110.45 and a 1-year high of $180.71.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $0.21. WEX had a return on equity of 48.01% and a net margin of 11.43%.The business had revenue of $672.90 million for the quarter, compared to the consensus estimate of $660.89 million. During the same quarter in the prior year, the business posted $3.57 earnings per share. 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. On average, equities research analysts expect that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. dropped their price target on WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Morgan Stanley set a $146.00 price target on WEX in a report on Friday, February 6th. Cantor Fitzgerald lifted their price objective on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, UBS Group set a $165.00 price objective on shares of WEX and gave the company a “neutral” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $162.27.

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.