SG Americas Securities LLC Purchases 53,260 Shares of WEX Inc. $WEX

SG Americas Securities LLC increased its holdings in shares of WEX Inc. (NYSE:WEX) by 363.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 67,927 shares of the business services provider’s stock after acquiring an additional 53,260 shares during the quarter. SG Americas Securities LLC’s holdings in WEX were worth $10,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in shares of WEX during the fourth quarter worth about $25,000. First Horizon Corp increased its stake in WEX by 65.7% during the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares in the last quarter. Caitong International Asset Management Co. Ltd increased 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 worth $35,000 after purchasing an additional 173 shares in the last quarter. IFP Advisors Inc raised its holdings in 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 period. Finally, EverSource Wealth Advisors LLC raised its holdings in WEX by 4,837.5% during the 2nd 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.

WEX Stock Up 3.6%

WEX stock opened at $137.92 on Friday. The company has a market cap of $4.78 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 0.82 and a beta of 0.85. WEX Inc. has a 1-year low of $125.29 and a 1-year high of $186.85. The company has a fifty day simple moving average of $145.56 and a 200 day simple moving average of $152.23. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. During the same period in the previous year, the business earned $3.51 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Research analysts anticipate that WEX Inc. will post 16.77 earnings per share for the current fiscal year.

WEX announced that its board has initiated a stock buyback program on Thursday, May 14th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at WEX

In other WEX news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $175.00, for a total value of $612,500.00. Following the completion of the transaction, the chief operating officer directly owned 22,872 shares in the company, valued at $4,002,600. This trade represents a 13.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch purchased 1,500 shares of the stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the transaction, the director directly owned 17,957 shares in the company, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 8,200 shares of company stock valued at $1,318,798. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings cut shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Morgan Stanley lifted their price target on WEX from $146.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Robert W. Baird upped their price objective on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of WEX in a report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $173.70.

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.