Edgestream Partners L.P. Purchases New Shares in WEX Inc. $WEX

Edgestream Partners L.P. acquired a new stake in shares of WEX Inc. (NYSE:WEX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,568 shares of the business services provider’s stock, valued at approximately $1,259,000.

A number of other large investors have also recently made changes to their positions in the business. American Century Companies Inc. lifted its holdings in shares of WEX by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 60 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of WEX by 22.1% in the 2nd quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 68 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of WEX by 3.5% in the 1st quarter. Inspire Investing LLC now owns 2,588 shares of the business services provider’s stock worth $406,000 after purchasing an additional 87 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of WEX by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 35,083 shares of the business services provider’s stock valued at $5,153,000 after purchasing an additional 110 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in WEX by 50.7% during the 1st quarter. Brooklyn Investment Group now owns 422 shares of the business services provider’s stock valued at $66,000 after buying an additional 142 shares during the period. 97.47% of the stock is currently owned by institutional investors.

WEX Price Performance

Shares of WEX stock opened at $153.65 on Friday. The company has a market capitalization of $5.27 billion, a P/E ratio of 19.98, a P/E/G ratio of 1.21 and a beta of 1.03. The company’s 50-day simple moving average is $150.50 and its two-hundred day simple moving average is $154.84. WEX Inc. has a one year low of $110.45 and a one year high of $188.70. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.14. WEX had a net margin of 10.81% and a return on equity of 45.10%. The firm had revenue of $691.80 million during the quarter, compared to the consensus estimate of $678.25 million. During the same quarter in the previous year, the firm posted $4.35 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. As a group, equities analysts anticipate that WEX Inc. will post 14.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on WEX shares. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Robert W. Baird upped their price target on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective on the stock in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded WEX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, WEX presently has an average rating of “Hold” and an average target price of $172.92.

Insider Buying and Selling at WEX

In other WEX news, COO Robert Joseph Deshaies sold 1,506 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $149.62, for a total value of $225,327.72. Following the completion of the sale, the chief operating officer directly owned 15,699 shares in the company, valued at approximately $2,348,884.38. This represents a 8.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen Montgomery Smith purchased 1,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of $144.25 per share, for a total transaction of $144,250.00. Following the purchase, the director owned 7,971 shares of the company’s stock, valued at approximately $1,149,816.75. This trade represents a 14.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is currently owned by corporate insiders.

WEX 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.