WEX Inc. $WEX Stock Position Raised by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in WEX Inc. (NYSE:WEX) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 402,123 shares of the business services provider’s stock after acquiring an additional 25,047 shares during the period. Federated Hermes Inc. owned about 1.17% of WEX worth $59,068,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in WEX. Cetera Investment Advisers lifted its holdings in shares of WEX by 40.4% in the 1st quarter. Cetera Investment Advisers now owns 4,094 shares of the business services provider’s stock worth $643,000 after purchasing an additional 1,179 shares during the last quarter. LPL Financial LLC increased its position in WEX by 4.3% in the first quarter. LPL Financial LLC now owns 30,667 shares of the business services provider’s stock worth $4,815,000 after buying an additional 1,259 shares during the period. Townsquare Capital LLC lifted its stake in WEX by 5.4% in the first quarter. Townsquare Capital LLC now owns 4,102 shares of the business services provider’s stock valued at $644,000 after buying an additional 212 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of WEX by 29.6% during the first quarter. Invesco Ltd. now owns 80,639 shares of the business services provider’s stock valued at $12,662,000 after acquiring an additional 18,399 shares during the period. Finally, Nuveen LLC acquired a new position in shares of WEX during the first quarter valued at $18,783,000. 97.47% of the stock is owned by institutional investors.

Insider Activity

In other WEX news, Director Stephen Montgomery Smith bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of $144.25 per share, with a total value of $144,250.00. Following the completion of the purchase, the director directly owned 7,971 shares in the company, valued at approximately $1,149,816.75. This trade represents a 14.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, COO Robert Joseph Deshaies sold 1,506 shares of WEX stock in a transaction that occurred 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 transaction, the chief operating officer owned 15,699 shares in the company, valued at approximately $2,348,884.38. This trade 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.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WEX. Robert W. Baird increased their price objective on shares of WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Wall Street Zen raised WEX from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. reduced their price objective on WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. 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. Finally, Zacks Research downgraded WEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $172.92.

WEX Price Performance

Shares of NYSE:WEX opened at $151.02 on Tuesday. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.23 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 Inc. has a 12 month low of $110.45 and a 12 month high of $188.70. The stock’s 50 day moving average price is $150.31 and its 200 day moving average price is $155.22.

WEX (NYSE:WEX) last announced its quarterly earnings data 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 return on equity of 45.10% and a net margin of 10.81%.The business had revenue of $691.80 million during the quarter, compared to analyst estimates of $678.25 million. During the same quarter in the prior 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. Equities research analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

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.