4,520 Shares in WEX Inc. $WEX Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. purchased a new stake in shares of WEX Inc. (NYSE:WEX) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,520 shares of the business services provider’s stock, valued at approximately $712,000.

Several other hedge funds have also bought and sold shares of the business. American Century Companies Inc. increased its stake in shares of WEX by 1.9% during the second 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 in the last quarter. UMB Bank n.a. grew 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 worth $55,000 after buying an additional 68 shares during the last quarter. Inspire Investing LLC grew its stake 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 buying an additional 87 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in 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 buying an additional 110 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in WEX by 13.2% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the business services provider’s stock valued at $164,000 after buying an additional 121 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Insider Buying and Selling at WEX

In other news, Director Stephen Montgomery Smith acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average price of $144.25 per share, with a total value of $144,250.00. Following the completion of the acquisition, the director directly owned 7,971 shares of the company’s stock, valued at approximately $1,149,816.75. The trade was a 14.35% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert Joseph Deshaies sold 1,506 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total value of $225,327.72. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.40% of the company’s stock.

WEX Price Performance

Shares of NYSE:WEX opened at $148.14 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99. The business has a 50-day simple moving average of $148.91 and a two-hundred day simple moving average of $156.88. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $188.70.

WEX (NYSE:WEX) last announced its quarterly earnings results 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. 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 analyst estimates of $678.25 million. During the same period in the previous year, the business posted $4.35 earnings per share. The business’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. On average, analysts expect that WEX Inc. will post 14.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WEX has been the topic of a number of recent research reports. Robert W. Baird increased their target price on WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Wall Street Zen upgraded shares of WEX from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Bank of America upgraded shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Wednesday, October 22nd. UBS Group decreased 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, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $172.92.

WEX 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.