13D Management LLC Makes New Investment in WEX Inc. $WEX

13D Management LLC purchased a new position in WEX Inc. (NYSE:WEX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,350 shares of the business services provider’s stock, valued at approximately $4,373,000. WEX accounts for about 5.2% of 13D Management LLC’s investment portfolio, making the stock its 11th largest position.

A number of other large investors have also bought and sold shares of WEX. Earnest Partners LLC grew its stake in WEX by 1.1% in the third quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after purchasing an additional 10,027 shares during the period. Crossmark Global Holdings Inc. grew its stake in WEX by 1,289.3% in the third quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider’s stock worth $3,119,000 after purchasing an additional 18,372 shares during the period. Citigroup Inc. grew its stake in WEX by 103.8% in the third quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock worth $3,795,000 after purchasing an additional 12,266 shares during the period. Intech Investment Management LLC grew its stake in WEX by 289.4% in the third quarter. Intech Investment Management LLC now owns 14,066 shares of the business services provider’s stock worth $2,216,000 after purchasing an additional 10,454 shares during the period. Finally, Vanguard Group Inc. grew its stake in WEX by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock worth $513,903,000 after purchasing an additional 12,099 shares during the period. 97.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WEX has been the topic of several recent research reports. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Morgan Stanley upped their price target on shares of WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $173.70.

Insiders Place Their Bets

In other WEX news, COO Robert Joseph Deshaies sold 1,200 shares of WEX stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $144.84, for a total value of $173,808.00. Following the completion of the sale, the chief operating officer owned 22,288 shares of the company’s stock, valued at approximately $3,228,193.92. The trade was a 5.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James R. Groch bought 1,500 shares of the business’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $142.95 per share, with a total value of $214,425.00. Following the transaction, the director owned 17,957 shares in the company, valued at $2,566,953.15. This trade represents a 9.11% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 8,304 shares of company stock valued at $1,334,155. Company insiders own 1.40% of the company’s stock.

WEX Trading Down 0.4%

NYSE:WEX opened at $131.11 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX Inc. has a 12 month low of $128.52 and a 12 month high of $186.85. The company has a market cap of $4.55 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 0.82 and a beta of 0.85. The company has a 50 day simple moving average of $150.56 and a two-hundred day simple moving average of $153.28.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The business had revenue of $673.80 million during the quarter, compared to the consensus estimate of $660.96 million. During the same quarter in the previous year, the firm posted $3.51 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Research analysts forecast that WEX Inc. will post 16.49 earnings per share for the current year.

WEX declared that its Board of Directors has authorized a stock buyback program on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.