Burney Co. Acquires New Position in WEX Inc. $WEX

Burney Co. bought a new position in WEX Inc. (NYSE:WEX) in the third quarter, according to its most recent filing with the SEC. The firm bought 16,995 shares of the business services provider’s stock, valued at approximately $2,677,000.

A number of other hedge funds have also bought and sold shares of WEX. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of WEX by 282.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 214 shares of the business services provider’s stock worth $31,000 after buying an additional 158 shares during the period. Steph & Co. acquired a new stake in WEX during the 3rd quarter worth about $35,000. Quarry LP purchased a new stake in WEX during the 1st quarter valued at about $44,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of WEX in the second quarter valued at about $54,000. Finally, UMB Bank n.a. raised its stake in shares of WEX by 22.1% in the second quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock worth $55,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WEX shares. Bank of America upgraded WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price on the stock in a research report on Wednesday, October 22nd. UBS Group decreased their price objective on shares of WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research cut shares of WEX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, WEX has a consensus rating of “Hold” and an average price target of $172.92.

WEX Stock Performance

WEX opened at $153.42 on Friday. The firm has a fifty day moving average price of $149.58 and a 200 day moving average price of $156.66. WEX Inc. has a 1 year low of $110.45 and a 1 year high of $188.70. The stock has a market cap of $5.26 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.22 and a beta of 1.03. 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 released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.14. WEX had a net margin of 10.81% and a return on equity of 45.10%. The company had revenue of $691.80 million during the quarter, compared to analysts’ expectations of $678.25 million. During the same quarter in the previous year, the company earned $4.35 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current year.

Insider Buying and Selling at WEX

In other news, CAO Jennifer Kimball sold 494 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total transaction of $74,791.60. Following the transaction, the chief accounting officer owned 3,671 shares in the company, valued at $555,789.40. This trade represents a 11.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Robert Joseph Deshaies sold 1,506 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $149.62, for a total transaction of $225,327.72. Following the completion of the sale, the chief operating officer directly owned 15,699 shares of the company’s stock, valued at approximately $2,348,884.38. The trade was a 8.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by corporate insiders.

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.