WEX Inc. $WEX Stock Holdings Lowered by Quantbot Technologies LP

Quantbot Technologies LP lessened its position in WEX Inc. (NYSE:WEX) by 79.6% during the third quarter, Holdings Channel reports. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of WEX. American Century Companies Inc. increased its stake in shares of WEX by 1.9% in the second 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 last quarter. Johnson Investment Counsel Inc. boosted its position in WEX by 0.7% during the third quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock valued at $1,515,000 after purchasing an additional 70 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in WEX by 3.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock valued at $403,000 after purchasing an additional 74 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in WEX by 1.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 94 shares in the last quarter. Finally, Choreo LLC grew its stake in WEX by 3.4% in the third quarter. Choreo LLC now owns 2,894 shares of the business services provider’s stock valued at $456,000 after purchasing an additional 95 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors.

WEX Price Performance

Shares of NYSE:WEX opened at $167.24 on Friday. The stock has a market capitalization of $5.74 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.29 and a beta of 0.97. The business has a 50-day moving average of $156.22 and a two-hundred day moving average of $156.29. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $180.71. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. WEX had a return on equity of 48.01% and a net margin of 11.43%.The business had revenue of $672.90 million for the quarter, compared to analyst estimates of $660.89 million. During the same quarter in the prior year, the firm posted $3.57 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts predict that WEX Inc. will post 14.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Robert Joseph Deshaies sold 3,238 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $150.22, for a total value of $486,412.36. Following the completion of the sale, the chief operating officer directly owned 14,859 shares in the company, valued at approximately $2,232,118.98. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer Kimball sold 494 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total transaction of $74,791.60. Following the sale, the chief accounting officer directly owned 3,671 shares of the company’s stock, valued at approximately $555,789.40. This represents a 11.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,154 shares of company stock worth $1,256,518 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on WEX. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Raymond James Financial restated a “market perform” rating on shares of WEX in a report on Friday. Morgan Stanley set a $146.00 price objective on shares of WEX in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $162.27.

WEX Company 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.