WEX Inc. $WEX Shares Sold by UBS Group AG

UBS Group AG trimmed its position in shares of WEX Inc. (NYSE:WEX) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 429,828 shares of the business services provider’s stock after selling 4,320 shares during the period. UBS Group AG owned 1.25% of WEX worth $64,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of WEX by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after acquiring an additional 60 shares during the period. Johnson Investment Counsel Inc. lifted its stake in shares of WEX by 0.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock worth $1,515,000 after acquiring an additional 70 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of WEX by 3.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock worth $403,000 after acquiring an additional 74 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of WEX by 1.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock worth $785,000 after acquiring an additional 94 shares during the period. Finally, First Horizon Corp lifted its stake in shares of 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 acquiring an additional 94 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Robert Joseph Deshaies sold 3,238 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were 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. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Kimball sold 715 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total transaction of $112,841.30. Following the sale, the chief accounting officer owned 6,203 shares in the company, valued at $978,957.46. This represents a 10.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 15,479 shares of company stock worth $2,454,914. Company insiders own 1.40% of the company’s stock.

WEX Stock Up 1.9%

NYSE WEX opened at $154.09 on Tuesday. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50 day simple moving average is $158.54 and its 200 day simple moving average is $154.48. WEX Inc. has a 12 month low of $120.03 and a 12 month high of $186.85. The company has a market capitalization of $5.34 billion, a P/E ratio of 17.29, a PEG ratio of 0.95 and a beta of 0.87.

WEX (NYSE:WEX) last released its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The business had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. During the same period in the previous year, the firm earned $3.51 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Equities research analysts expect that WEX Inc. will post 16.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WEX shares. UBS Group set a $165.00 price target on shares of WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. Morgan Stanley upped their price target on shares of WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a research note on Friday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, WEX currently has an average rating of “Hold” and a consensus target price of $169.27.

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.