William Blair Investment Management LLC Invests $415,000 in WEX Inc. $WEX

William Blair Investment Management LLC purchased a new position in WEX Inc. (NYSE:WEX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,943 shares of the business services provider’s stock, valued at approximately $415,000.

Several other hedge funds have also recently bought and sold shares of WEX. Los Angeles Capital Management LLC acquired a new position in WEX during the fourth quarter worth $25,000. Global Retirement Partners LLC purchased a new position in shares of WEX in the second quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its position in shares of WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of WEX by 255.0% during the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after buying an additional 255 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of WEX by 225.4% during the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after buying an additional 257 shares during the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Loop Capital assumed coverage on shares of WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 target price for the company. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Evercore upgraded shares of WEX to an “outperform” rating in a research report on Tuesday, July 21st. Finally, Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a research note on Monday, July 27th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $183.30.

Insiders Place Their Bets

In other WEX news, insider Ann Elena Drew sold 3,400 shares of WEX stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $176.02, for a total value of $598,468.00. Following the completion of the sale, the insider owned 7,988 shares in the company, valued at $1,406,047.76. The trade was a 29.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jennifer Kimball sold 1,183 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.55, for a total transaction of $208,858.65. Following the transaction, the chief accounting officer directly owned 4,916 shares of the company’s stock, valued at approximately $867,919.80. This represents a 19.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,858 shares of company stock valued at $1,662,835. 1.40% of the stock is owned by corporate insiders.

WEX Trading Up 0.1%

Shares of WEX opened at $200.16 on Monday. The stock has a fifty day moving average of $164.25 and a two-hundred day moving average of $157.30. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $6.82 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.04 and a beta of 0.82. WEX Inc. has a fifty-two week low of $125.29 and a fifty-two week high of $200.55.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. During the same quarter last year, the firm earned $3.95 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, analysts forecast that WEX Inc. will post 17.11 EPS for the current year.

WEX declared that its board has authorized a share buyback program on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 21.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

About WEX

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.