3,964 Shares in WEX Inc. $WEX Purchased by Commerce Bank

Commerce Bank purchased a new position in shares of WEX Inc. (NYSE:WEX) during the second quarter, HoldingsChannel reports. The firm purchased 3,964 shares of the business services provider’s stock, valued at approximately $559,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in shares of WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after acquiring an additional 215,036 shares during the period. Empowered Funds LLC bought a new stake in WEX in the 1st quarter valued at $394,000. American Century Companies Inc. lifted its holdings in WEX by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in WEX by 4,837.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 387 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in WEX during the second quarter worth $271,000. Institutional investors own 97.47% of the company’s stock.

Insider Buying and Selling at WEX

In other WEX news, COO Carlos Carriedo sold 1,075 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total transaction of $199,950.00. Following the transaction, the chief operating officer owned 11,076 shares in the company, valued at $2,060,136. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ann Elena Drew sold 3,400 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $176.02, for a total transaction of $598,468.00. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders have sold 8,658 shares of company stock worth $1,489,027 over the last quarter. Company insiders own 1.40% of the company’s stock.

WEX Stock Performance

Shares of NYSE WEX opened at $198.29 on Friday. 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 cap of $6.76 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 1.04 and a beta of 0.82. The stock’s fifty day moving average price is $169.90 and its two-hundred day moving average price is $158.70. WEX Inc. has a one year low of $125.29 and a one year high of $203.99.

WEX (NYSE:WEX) last posted its earnings results 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. The company had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, equities analysts forecast that WEX Inc. will post 17.11 EPS for the current year.

WEX declared that its board has approved a share buyback program on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WEX. Keefe, Bruyette & Woods increased their price objective on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Morgan Stanley increased their price target on shares of WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Finally, Evercore upgraded shares of WEX to an “outperform” rating in a research report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $183.30.

About WEX

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.