Teacher Retirement System of Texas Has $726,000 Holdings in WEX Inc. $WEX

Teacher Retirement System of Texas decreased its position in WEX Inc. (NYSE:WEX) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,940 shares of the business services provider’s stock after selling 930 shares during the quarter. Teacher Retirement System of Texas’ holdings in WEX were worth $726,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Earnest Partners LLC boosted its position in shares of WEX by 2.6% during the first quarter. Earnest Partners LLC now owns 895,406 shares of the business services provider’s stock worth $140,597,000 after buying an additional 22,672 shares during the period. Lyrical Asset Management LP lifted its stake in WEX by 0.3% in the 1st quarter. Lyrical Asset Management LP now owns 826,188 shares of the business services provider’s stock valued at $129,728,000 after acquiring an additional 2,754 shares in the last quarter. Hsbc Holdings PLC lifted its stake in WEX by 20,412.8% in the 1st quarter. Hsbc Holdings PLC now owns 638,563 shares of the business services provider’s stock valued at $99,069,000 after acquiring an additional 635,450 shares in the last quarter. Millennium Management LLC boosted its position in WEX by 652.7% during the 1st quarter. Millennium Management LLC now owns 412,665 shares of the business services provider’s stock worth $64,797,000 after acquiring an additional 357,842 shares during the last quarter. Finally, Ariel Investments LLC grew its stake in shares of WEX by 29.5% during the 1st quarter. Ariel Investments LLC now owns 412,247 shares of the business services provider’s stock worth $64,731,000 after acquiring an additional 93,975 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WEX has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of WEX in a report on Thursday, July 17th. They issued a “hold” rating and a $150.00 price objective on the stock. Zacks Research downgraded shares of WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. William Blair reissued a “market perform” rating on shares of WEX in a research report on Friday, July 25th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on WEX from $142.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $172.92.

WEX Stock Performance

NYSE WEX opened at $145.45 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. The firm’s fifty day moving average price is $159.62 and its two-hundred day moving average price is $152.70. WEX Inc. has a 1 year low of $110.45 and a 1 year high of $191.43. The firm has a market capitalization of $4.99 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.14. The company had revenue of $691.70 million during the quarter, compared to the consensus estimate of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.36%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.35 EPS. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. As a group, research analysts anticipate that WEX Inc. will post 14.09 EPS for the current year.

WEX Company 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.