2,977 Shares in WEX Inc. $WEX Purchased by Bull Harbor Capital LLC

Bull Harbor Capital LLC bought a new position in WEX Inc. (NYSE:WEX) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,977 shares of the business services provider’s stock, valued at approximately $456,000.

A number of other large investors have also recently modified their holdings of WEX. CWM LLC increased its position in shares of WEX by 377.9% in the fourth quarter. CWM LLC now owns 17,395 shares of the business services provider’s stock worth $2,592,000 after purchasing an additional 13,755 shares during the last quarter. M&T Bank Corp bought a new stake in WEX during the fourth quarter valued at approximately $28,129,000. Crossmark Global Holdings Inc. lifted its position in WEX by 47.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock valued at $4,351,000 after purchasing an additional 9,410 shares during the last quarter. SG Americas Securities LLC grew its stake in WEX by 2,115.6% in the 4th quarter. SG Americas Securities LLC now owns 14,667 shares of the business services provider’s stock worth $2,185,000 after buying an additional 14,005 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in WEX by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock worth $95,209,000 after buying an additional 6,971 shares in the last quarter. Institutional investors own 97.47% of the company’s stock.

WEX Stock Up 0.3%

Shares of NYSE WEX opened at $187.04 on Friday. The stock has a market capitalization of $6.37 billion, a P/E ratio of 18.63, a PEG ratio of 1.03 and a beta of 0.85. WEX Inc. has a one year low of $125.29 and a one year high of $191.38. The firm’s 50 day simple moving average is $150.32 and its two-hundred day simple moving average is $153.76. 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 announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The firm had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. During the same period in the previous year, the business posted $3.95 EPS. The business’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. As a group, analysts expect that WEX Inc. will post 17.12 EPS for the current fiscal year.

WEX announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 14th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to purchase up to 21.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at WEX

In other WEX news, 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 transaction of $598,468.00. Following the completion of the sale, the insider directly owned 7,988 shares in the company, valued at $1,406,047.76. This represents a 29.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James R. Groch acquired 1,500 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $142.95 per share, for a total transaction of $214,425.00. Following the acquisition, the director owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. This trade represents a 9.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 8,783 shares of company stock worth $1,462,885 in the last 90 days. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WEX shares. Morgan Stanley increased their price target on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Mizuho lifted their price objective on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Loop Capital started coverage on shares of WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their target price on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Finally, Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $183.30.

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.