AlphaQuest LLC Decreases Stock Holdings in WEX Inc. $WEX

AlphaQuest LLC decreased its stake in shares of WEX Inc. (NYSE:WEX) by 79.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,121 shares of the business services provider’s stock after selling 4,283 shares during the period. AlphaQuest LLC’s holdings in WEX were worth $165,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of WEX by 78.1% during the 1st quarter. GAMMA Investing LLC now owns 440 shares of the business services provider’s stock valued at $69,000 after buying an additional 193 shares during the period. Envestnet Asset Management Inc. increased its position in WEX by 1.0% during the first quarter. Envestnet Asset Management Inc. now owns 59,053 shares of the business services provider’s stock valued at $9,272,000 after acquiring an additional 578 shares during the last quarter. Beverly Hills Private Wealth LLC increased its position in WEX by 726.3% during the first quarter. Beverly Hills Private Wealth LLC now owns 14,395 shares of the business services provider’s stock valued at $2,260,000 after acquiring an additional 12,653 shares during the last quarter. Cornerstone Investment Partners LLC lifted its holdings in WEX by 2.9% in the first quarter. Cornerstone Investment Partners LLC now owns 4,705 shares of the business services provider’s stock valued at $739,000 after acquiring an additional 133 shares during the period. Finally, Cerity Partners LLC boosted its position in WEX by 88.5% in the first quarter. Cerity Partners LLC now owns 10,002 shares of the business services provider’s stock worth $1,571,000 after purchasing an additional 4,695 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Insider Activity

In other news, insider Ann Elena Drew sold 1,931 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $171.69, for a total value of $331,533.39. Following the completion of the sale, the insider directly owned 7,295 shares of the company’s stock, valued at $1,252,478.55. This trade represents a 20.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of WEX in a research report on Thursday, July 17th. They set a “hold” rating and a $150.00 price target for the company. UBS Group reduced their target price on shares of WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a report on Friday. Barclays increased their price target on shares of WEX from $135.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Zacks Research downgraded shares of WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Mizuho raised their target price on WEX from $150.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $172.92.

WEX Trading Up 3.4%

WEX stock opened at $150.87 on Tuesday. The firm has a fifty day moving average price of $161.63 and a 200 day moving average price of $152.43. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $191.43. The firm has a market cap of $5.17 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26. The company has a debt-to-equity ratio of 3.99, a quick ratio of 1.04 and a current ratio of 1.04.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.14. The business had revenue of $691.70 million during the quarter, compared to analysts’ expectations of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.36%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $4.35 EPS. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. Sell-side analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.