Deroy & Devereaux Private Investment Counsel Inc. Purchases 7,784 Shares of WEX Inc. $WEX

Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of WEX Inc. (NYSE:WEX) by 52.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,682 shares of the business services provider’s stock after buying an additional 7,784 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.07% of WEX worth $3,573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WEX. Goldman Sachs Group Inc. grew its holdings in WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after acquiring an additional 215,036 shares during the period. Empowered Funds LLC bought a new stake in shares of WEX during the 1st quarter valued at about $394,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in 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 purchasing an additional 158 shares during the period. UMB Bank n.a. increased its holdings in 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 in the last quarter. Finally, GAMMA Investing LLC lifted its stake in WEX by 109.1% in the second quarter. GAMMA Investing LLC now owns 920 shares of the business services provider’s stock valued at $135,000 after buying an additional 480 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

Insider Activity at WEX

In related news, Director Stephen Montgomery Smith acquired 1,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were acquired at an average cost of $144.25 per share, for a total transaction of $144,250.00. Following the purchase, the director owned 7,971 shares in the company, valued at approximately $1,149,816.75. The trade was a 14.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Kimball sold 494 shares of WEX stock in a transaction 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 directly owned 3,671 shares in the company, valued at $555,789.40. This represents a 11.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by insiders.

WEX Price Performance

Shares of NYSE WEX opened at $160.44 on Friday. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.17 and a beta of 0.99. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.05 and a current ratio of 1.05. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $188.70. The firm’s 50-day simple moving average is $150.05 and its 200 day simple moving average is $157.79.

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. WEX had a return on equity of 45.10% and a net margin of 10.81%.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 company posted $4.35 EPS. The company’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. As a group, research analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on WEX shares. UBS Group lowered 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 research note on Saturday, November 8th. JPMorgan Chase & Co. dropped 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. Robert W. Baird raised their target price on WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $171.36.

About WEX

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.