WEX Inc. $WEX Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its holdings in shares of WEX Inc. (NYSE:WEX) by 79.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,687 shares of the business services provider’s stock after selling 18,242 shares during the quarter. Quantbot Technologies LP’s holdings in WEX were worth $738,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Boston Partners acquired a new stake in shares of WEX during the second quarter worth approximately $187,102,000. Norges Bank acquired a new stake in WEX in the second quarter valued at $42,812,000. Goldman Sachs Group Inc. boosted its stake in WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock valued at $55,097,000 after acquiring an additional 215,036 shares during the last quarter. River Road Asset Management LLC boosted its stake in WEX by 20.9% during the 2nd quarter. River Road Asset Management LLC now owns 797,871 shares of the business services provider’s stock valued at $117,199,000 after acquiring an additional 137,673 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in WEX by 1,660.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 93,353 shares of the business services provider’s stock worth $13,713,000 after acquiring an additional 88,050 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Stock Up 0.7%

Shares of NYSE:WEX opened at $167.24 on Friday. The company’s fifty day moving average is $156.22 and its two-hundred day moving average is $156.29. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.05 and a current ratio of 1.05. WEX Inc. has a 1-year low of $110.45 and a 1-year high of $180.71. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $660.89 million. During the same period in the previous year, the business posted $3.57 EPS. The company’s quarterly revenue 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. Equities analysts anticipate that WEX Inc. will post 14.09 EPS for the current year.

Analyst Ratings Changes

WEX has been the subject of several research analyst reports. Morgan Stanley set a $146.00 target price on shares of WEX in a research report on Friday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a research note on Friday. Mizuho lowered their price objective on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Finally, UBS Group set a $165.00 price objective on WEX and gave the company a “neutral” rating in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $162.27.

Insider Buying and Selling

In other WEX news, insider Sara Trickett sold 1,815 shares of WEX 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 completion of the transaction, the insider directly owned 2,137 shares in the company, valued at $320,443.15. The trade was a 45.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Carlos Carriedo sold 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total value of $251,842.50. Following the transaction, the chief operating officer directly owned 3,695 shares of the company’s stock, valued at $590,830.50. This trade represents a 29.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 8,154 shares of company stock valued at $1,256,518. 1.40% of the stock is currently owned by insiders.

WEX 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.