Coppell Advisory Solutions LLC Invests $845,000 in WEX Inc. $WEX

Coppell Advisory Solutions LLC bought a new position in WEX Inc. (NYSE:WEX) in the second quarter, according to its most recent filing with the SEC. The firm bought 5,986 shares of the business services provider’s stock, valued at approximately $845,000.

Several other hedge funds have also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in WEX during the 4th quarter valued at about $25,000. Global Retirement Partners LLC acquired a new position in WEX in the 2nd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd lifted its stake in WEX by 368.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in WEX during the second quarter valued at $41,000. Finally, 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 valued at $54,000 after buying an additional 255 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Ann Elena Drew sold 3,400 shares of WEX stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $176.02, for a total value of $598,468.00. Following the completion of the transaction, the insider owned 7,988 shares in the company, valued at $1,406,047.76. The trade was a 29.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.55, for a total transaction of $208,858.65. Following the completion of the sale, the chief accounting officer owned 4,916 shares in the company, valued at $867,919.80. The trade was a 19.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,658 shares of company stock valued at $1,489,027 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WEX has been the subject of several recent analyst reports. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Keefe, Bruyette & Woods upped their price objective on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Mizuho upped their target price on WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Evercore upgraded shares of WEX to an “outperform” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley increased their price target on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $183.30.

WEX Stock Performance

NYSE WEX opened at $193.21 on Thursday. The company has a market cap of $6.59 billion, a P/E ratio of 19.24, a P/E/G ratio of 0.98 and a beta of 0.83. WEX Inc. has a 1-year low of $125.29 and a 1-year high of $203.99. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50-day moving average of $174.85 and a two-hundred day moving average of $159.56.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. During the same quarter last year, the firm posted $3.95 earnings per share. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. 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 anticipate that WEX Inc. will post 17.11 EPS for the current year.

WEX declared that its board has approved a share repurchase plan on Thursday, May 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board 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.