Sone Capital Management LLC Makes New $3.71 Million Investment in WEX Inc. $WEX

Sone Capital Management LLC bought a new stake in shares of WEX Inc. (NYSE:WEX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,285 shares of the business services provider’s stock, valued at approximately $3,709,000. Sone Capital Management LLC owned 0.08% of WEX as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in shares of WEX during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in WEX in the 2nd quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its holdings in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after acquiring an additional 173 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in WEX during the second quarter worth $41,000. Finally, Root Financial Partners LLC raised its position in WEX by 255.0% during the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after acquiring an additional 255 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Price Performance

Shares of NYSE WEX opened at $203.43 on Tuesday. The firm has a 50-day simple moving average of $165.69 and a 200-day simple moving average of $157.71. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.04 and a beta of 0.82. WEX Inc. has a 52 week low of $125.29 and a 52 week high of $203.99.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The firm had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. WEX’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, equities analysts predict that WEX Inc. will post 17.11 earnings per share for the current fiscal year.

WEX declared that its Board of Directors has approved a share repurchase program on Thursday, May 14th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, COO Carlos Carriedo sold 1,075 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total value of $199,950.00. Following the completion of the sale, the chief operating officer directly owned 11,076 shares in the company, valued at $2,060,136. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer Kimball sold 1,183 shares of WEX stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $176.55, for a total value of $208,858.65. Following the transaction, the chief accounting officer owned 4,916 shares in the company, valued at approximately $867,919.80. The trade was a 19.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,858 shares of company stock valued at $1,662,835. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Morgan Stanley upped their price target on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Keefe, Bruyette & Woods boosted their price objective on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Loop Capital initiated coverage on WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $183.30.

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.