WEX Inc. $WEX Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lessened its holdings in WEX Inc. (NYSE:WEX) by 89.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,910 shares of the business services provider’s stock after selling 31,532 shares during the quarter. Verdence Capital Advisors LLC’s holdings in WEX were worth $629,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Boston Partners purchased a new position in shares of WEX in the 2nd quarter valued at approximately $187,102,000. Norges Bank purchased a new position in shares of WEX in the second quarter worth $42,812,000. Goldman Sachs Group Inc. lifted its stake in shares of WEX by 158.3% during the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after buying an additional 215,036 shares during the period. River Road Asset Management LLC grew its stake in WEX by 20.9% during the 2nd quarter. River Road Asset Management LLC now owns 797,871 shares of the business services provider’s stock valued at $117,199,000 after purchasing an additional 137,673 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of WEX by 1,660.4% in the second quarter. BNP Paribas Financial Markets now owns 93,353 shares of the business services provider’s stock valued at $13,713,000 after purchasing an additional 88,050 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Insider Buying and Selling

In other news, COO Robert Joseph Deshaies sold 1,506 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were 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 of the company’s stock, valued at $2,348,884.38. The trade was a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen Montgomery Smith purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of $144.25 per share, for a total transaction of $144,250.00. Following the completion of the purchase, the director directly owned 7,971 shares in the company, valued at $1,149,816.75. This represents a 14.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

WEX has been the topic of several research reports. Robert W. Baird increased their price target on shares of WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price target on the stock in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised WEX from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $171.36.

WEX Trading Up 4.0%

WEX stock opened at $157.86 on Thursday. 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 Inc. has a 52-week low of $110.45 and a 52-week high of $188.70. The company’s 50-day simple moving average is $150.87 and its 200-day simple moving average is $158.00. The firm has a market cap of $5.41 billion, a P/E ratio of 20.53, a PEG ratio of 1.13 and a beta of 0.99.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.14. The company had revenue of $691.80 million for the quarter, compared to the consensus estimate of $678.25 million. WEX had a return on equity of 45.10% and a net margin of 10.81%.WEX’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.35 earnings per share. 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, equities analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

WEX 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.