WEX Inc. $WEX Stock Holdings Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its position in WEX Inc. (NYSE:WEX) by 1,289.3% during the third quarter, Holdings Channel reports. The fund owned 19,797 shares of the business services provider’s stock after purchasing an additional 18,372 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in WEX were worth $3,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC bought a new position in WEX in the 3rd quarter worth about $28,000. Steph & Co. bought a new stake in shares of WEX during the third quarter valued at approximately $35,000. Hantz Financial Services Inc. raised its holdings in shares of WEX by 162.1% during the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after buying an additional 141 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of WEX by 56.7% during the third quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock worth $53,000 after buying an additional 119 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of WEX by 4,837.5% during the second quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after buying an additional 387 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on WEX shares. Cantor Fitzgerald raised their target price on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Mizuho reduced their price target on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. JPMorgan Chase & Co. decreased their price target on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Three analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $162.27.

WEX Price Performance

NYSE WEX opened at $167.24 on Friday. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $180.71. The firm has a market capitalization of $5.74 billion, a PE ratio of 19.68, a P/E/G ratio of 1.29 and a beta of 0.97. The company’s 50 day simple moving average is $156.22 and its 200 day simple moving average is $156.29. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX) last released its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.21. The firm had revenue of $672.90 million during the quarter, compared to the consensus estimate of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.57 earnings per share. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, equities research analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

Insider Transactions at WEX

In other news, COO Robert Joseph Deshaies sold 3,238 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total value of $486,412.36. Following the completion of the sale, the chief operating officer owned 14,859 shares in the company, valued at $2,232,118.98. This represents a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Carlos Carriedo sold 1,575 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total value of $251,842.50. Following the transaction, the chief operating officer directly owned 3,695 shares of the company’s stock, valued at $590,830.50. This represents a 29.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 8,154 shares of company stock worth $1,256,518. Corporate insiders own 1.40% of the company’s stock.

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.