Hsbc Holdings PLC Purchases New Stake in WEX Inc. $WEX

Hsbc Holdings PLC acquired a new position in shares of WEX Inc. (NYSE:WEX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 36,689 shares of the business services provider’s stock, valued at approximately $5,038,000. Hsbc Holdings PLC owned about 0.11% of WEX as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in WEX. Los Angeles Capital Management LLC purchased a new position in WEX in the fourth quarter valued at about $25,000. Global Retirement Partners LLC purchased a new stake in shares of WEX during the 2nd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 purchasing an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of WEX in the 2nd quarter worth approximately $41,000. Finally, Root Financial Partners LLC lifted its stake in WEX by 255.0% in 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 last quarter. Institutional investors own 97.47% of the company’s stock.

WEX Price Performance

WEX stock opened at $196.59 on Friday. WEX Inc. has a one year low of $125.29 and a one year high of $203.99. The business has a fifty day moving average price of $171.28 and a 200-day moving average price of $158.96. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $6.70 billion, a P/E ratio of 19.58, a PEG ratio of 1.03 and a beta of 0.82.

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

WEX declared that its Board of Directors has approved a stock buyback plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits 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.

Insider Buying and Selling

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 completion of the transaction, the chief operating officer owned 20,288 shares of the company’s stock, valued at $3,010,739.20. The trade was a 8.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ann Elena Drew sold 3,400 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.02, for a total value of $598,468.00. Following the sale, the insider owned 7,988 shares in the company, valued at approximately $1,406,047.76. This represents a 29.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,658 shares of company stock worth $1,489,027 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on WEX. Evercore raised WEX to an “outperform” rating in a report on Tuesday, July 21st. Keefe, Bruyette & Woods upped their price target on WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Morgan Stanley increased their price target on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft decreased 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. Finally, Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.30.

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.