Janney Montgomery Scott LLC Acquires Shares of 4,051 WEX Inc. $WEX

Janney Montgomery Scott LLC bought a new position in WEX Inc. (NYSE:WEX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,051 shares of the business services provider’s stock, valued at approximately $620,000.

A number of other large investors also recently modified their holdings of WEX. American Century Companies Inc. increased its holdings in shares of WEX by 1.9% in the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 60 shares in the last quarter. First Horizon Corp raised its position in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the last quarter. Fulcrum Asset Management LLP raised its position in WEX by 1.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 5,628 shares of the business services provider’s stock worth $887,000 after purchasing an additional 95 shares during the last quarter. Eukles Asset Management lifted its holdings in WEX by 2.8% during the 4th quarter. Eukles Asset Management now owns 3,429 shares of the business services provider’s stock worth $511,000 after buying an additional 95 shares in the last quarter. Finally, Nicolet Advisory Services LLC lifted its holdings in WEX by 8.1% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock worth $214,000 after buying an additional 102 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other WEX news, COO Robert Joseph Deshaies sold 2,000 shares of WEX stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following the transaction, the chief operating officer directly owned 20,288 shares in the company, valued at approximately $3,010,739.20. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of WEX stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $175.00, for a total value of $612,500.00. Following the transaction, the chief operating officer owned 22,872 shares in the company, valued at approximately $4,002,600. This represents a 13.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,700 shares of company stock valued at $1,083,108 in the last quarter. Company insiders own 1.40% of the company’s stock.

WEX Stock Down 3.2%

WEX stock opened at $155.02 on Wednesday. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 0.98 and a beta of 0.85. The company’s 50 day simple moving average is $142.41 and its 200 day simple moving average is $151.99. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05. WEX Inc. has a fifty-two week low of $125.29 and a fifty-two week high of $186.85.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $3.92 by $0.23. The firm had revenue of $673.80 million during the quarter, compared to the consensus estimate of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.51 earnings per share. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, sell-side analysts anticipate that WEX Inc. will post 16.77 EPS for the current year.

WEX announced that its board has approved a share buyback program on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 21.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently commented on WEX. Morgan Stanley lifted their target price on WEX from $146.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Robert W. Baird upped their price target on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Loop Capital started coverage on WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 price target on the stock. Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $172.30.

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.