WEX Inc. $WEX Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its stake in shares of WEX Inc. (NYSE:WEX) by 67.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,259 shares of the business services provider’s stock after selling 6,763 shares during the quarter. Stephens Inc. AR’s holdings in WEX were worth $513,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Quent Capital LLC purchased a new stake in shares of WEX in the third quarter valued at $28,000. Steph & Co. purchased a new stake in WEX during the 3rd quarter worth about $35,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in WEX in the 2nd quarter valued at about $54,000. UMB Bank n.a. lifted its holdings in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of WEX by 4,837.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after purchasing an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Insider Activity

In other news, COO Robert Joseph Deshaies sold 1,506 shares of the business’s stock in a transaction dated 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 owned 15,699 shares in the company, valued at approximately $2,348,884.38. The trade was a 8.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen Montgomery Smith bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average cost of $144.25 per share, with a total value of $144,250.00. Following the transaction, the director owned 7,971 shares in the company, valued at approximately $1,149,816.75. This represents a 14.35% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WEX shares. Robert W. Baird boosted their price objective on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. UBS Group lowered their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a report on Wednesday, October 8th. Bank of America upgraded WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective on the stock in a report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded WEX from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, WEX currently has a consensus rating of “Hold” and an average target price of $171.36.

WEX Stock Down 1.9%

Shares of NYSE WEX opened at $157.57 on Tuesday. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $188.70. The firm has a fifty day moving average of $150.51 and a 200-day moving average of $158.00. The stock has a market capitalization of $5.40 billion, a PE ratio of 20.49, a P/E/G ratio of 1.17 and a beta of 0.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.33.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.14. WEX had a return on equity of 45.10% and a net margin of 10.81%.The business had revenue of $691.80 million for the quarter, compared to analyst estimates of $678.25 million. During the same period last year, the company posted $4.35 EPS. The business’s quarterly 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. On average, analysts anticipate that WEX Inc. will post 14.09 EPS for the current year.

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.