Illinois Municipal Retirement Fund Purchases 5,791 Shares of WEX Inc. $WEX

Illinois Municipal Retirement Fund grew its position in shares of WEX Inc. (NYSE:WEX) by 82.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,853 shares of the business services provider’s stock after acquiring an additional 5,791 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in WEX were worth $2,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Boston Partners bought a new stake in WEX during the 2nd quarter valued at $187,102,000. Norges Bank acquired a new position in shares of WEX during the second quarter valued at about $42,812,000. Goldman Sachs Group Inc. increased its position 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 acquiring an additional 215,036 shares in the last quarter. River Road Asset Management LLC increased its position in shares of WEX by 20.9% during the second quarter. River Road Asset Management LLC now owns 797,871 shares of the business services provider’s stock worth $117,199,000 after acquiring an additional 137,673 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of WEX by 1,660.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 93,353 shares of the business services provider’s stock worth $13,713,000 after acquiring an additional 88,050 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on WEX. Cantor Fitzgerald boosted their price objective on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Mizuho cut their target price on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Bank of America raised WEX from a “neutral” rating to a “buy” rating and set a $178.00 price target for the company in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered 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 twelve have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $162.27.

WEX Stock Up 3.2%

Shares of NYSE WEX opened at $157.59 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. The company has a market cap of $5.40 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.22 and a beta of 0.98. WEX Inc. has a 52 week low of $110.45 and a 52 week high of $180.71. The business has a 50-day simple moving average of $154.92 and a two-hundred day simple moving average of $157.58.

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

Insider Buying and Selling at WEX

In related news, CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the transaction, the chief accounting officer directly owned 3,671 shares in the company, valued at $555,789.40. The trade was a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert Joseph Deshaies sold 1,506 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total value of $225,327.72. Following the completion of the sale, the chief operating officer directly owned 15,699 shares in the company, valued at approximately $2,348,884.38. The trade was a 8.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,032 shares of company stock worth $471,431. Insiders own 1.40% of the company’s stock.

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.