Connor Clark & Lunn Investment Management Ltd. Invests $338,000 in WEX Inc. $WEX

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of WEX Inc. (NYSE:WEX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,304 shares of the business services provider’s stock, valued at approximately $338,000.

Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in shares of WEX by 399.9% during the 1st quarter. Jane Street Group LLC now owns 210,707 shares of the business services provider’s stock worth $33,085,000 after acquiring an additional 168,558 shares during the period. Lightrock Netherlands B.V. boosted its position in shares of WEX by 205.0% during the second quarter. Lightrock Netherlands B.V. now owns 36,600 shares of the business services provider’s stock valued at $5,376,000 after purchasing an additional 24,600 shares in the last quarter. Optimize Financial Inc purchased a new stake in WEX in the first quarter worth $389,000. Lifestyle Asset Management Inc. raised its holdings in WEX by 47.2% in the second quarter. Lifestyle Asset Management Inc. now owns 7,739 shares of the business services provider’s stock worth $1,137,000 after purchasing an additional 2,482 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in WEX during the first quarter valued at $400,000. 97.47% of the stock is owned by institutional investors.

WEX Trading Up 0.5%

Shares of NYSE WEX opened at $139.77 on Friday. The firm’s 50 day moving average price is $154.12 and its 200-day moving average price is $153.53. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $191.43. The company has a debt-to-equity ratio of 3.99, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $4.79 billion, a PE ratio of 18.18, a P/E/G ratio of 1.34 and a beta of 1.24.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.14. The company had revenue of $691.80 million during the quarter, compared to analyst estimates of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.36%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, equities research analysts expect that WEX Inc. will post 14.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WEX shares. Barclays upped their target price 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. JPMorgan Chase & Co. cut their price objective on shares of WEX from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Mizuho lifted their target price on shares of WEX from $150.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Robert W. Baird boosted their price target on WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $172.92.

Insider Activity

In other WEX news, Director Stephen Montgomery Smith acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average cost of $144.25 per share, with a total value of $144,250.00. Following the completion of the transaction, the director directly owned 7,971 shares of the company’s stock, valued at approximately $1,149,816.75. This represents a 14.35% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

WEX Company Profile

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.