Public Employees Retirement System of Ohio Raises Stock Position in WEX Inc. $WEX

Public Employees Retirement System of Ohio lifted its holdings in WEX Inc. (NYSE:WEX) by 17.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,579 shares of the business services provider’s stock after buying an additional 2,865 shares during the period. Public Employees Retirement System of Ohio’s holdings in WEX were worth $2,996,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new position in WEX in the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd increased its stake in WEX by 368.1% during the third 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 during the last quarter. First Horizon Corp raised its position in WEX by 65.7% during the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 94 shares during the period. 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 valued at $54,000 after purchasing an additional 255 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of WEX by 225.4% in the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WEX shares. Robert W. Baird lifted their target price on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Evercore upgraded WEX to an “outperform” rating in a report on Tuesday, July 21st. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a research note on Monday. Finally, Morgan Stanley boosted their price objective on shares of WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $183.30.

WEX Stock Up 0.3%

Shares of NYSE WEX opened at $187.04 on Friday. WEX Inc. has a 1 year low of $125.29 and a 1 year high of $191.38. The firm has a 50-day simple moving average of $150.32 and a two-hundred day simple moving average of $153.76. The company has a market cap of $6.37 billion, a P/E ratio of 18.63, a PEG ratio of 1.03 and a beta of 0.85. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04.

WEX (NYSE:WEX) last released its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. During the same quarter in the prior year, the firm posted $3.95 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Research analysts anticipate that WEX Inc. will post 17.12 earnings per share for the current year.

WEX announced that its board has initiated a stock repurchase plan on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CAO Jennifer Kimball sold 1,183 shares of WEX stock in a transaction on Monday, July 27th. The stock was sold at an average price of $176.55, for a total transaction of $208,858.65. Following the completion of the sale, the chief accounting officer directly owned 4,916 shares in the company, valued at approximately $867,919.80. This trade represents a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ann Elena Drew sold 3,400 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.02, for a total transaction of $598,468.00. Following the sale, the insider directly owned 7,988 shares of the company’s stock, valued at $1,406,047.76. This represents a 29.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 8,783 shares of company stock worth $1,462,885. 1.40% of the stock is currently owned by company 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.