Sunriver Management LLC Sells 125,483 Shares of WEX Inc. $WEX

Sunriver Management LLC reduced its holdings in WEX Inc. (NYSE:WEX) by 38.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,694 shares of the business services provider’s stock after selling 125,483 shares during the period. WEX makes up about 5.3% of Sunriver Management LLC’s investment portfolio, making the stock its 8th largest position. Sunriver Management LLC’s holdings in WEX were worth $31,173,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WEX. Los Angeles Capital Management LLC acquired a new stake in shares of WEX in the fourth quarter worth $25,000. First Horizon Corp increased its position in WEX by 65.7% during the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after acquiring an additional 94 shares during the period. Caitong International Asset Management Co. Ltd raised 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 purchasing an additional 173 shares during the last quarter. Root Financial Partners LLC raised its stake in 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 purchasing an additional 255 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in WEX by 225.4% in the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 257 shares during the period. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WEX has been the topic of several research analyst reports. Robert W. Baird raised their price target on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Evercore upgraded shares of WEX to an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their target price on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research report on Friday, June 12th. Keefe, Bruyette & Woods boosted their price objective on WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Loop Capital began coverage on WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price for the company. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $179.73.

Insider Buying and Selling at WEX

In related news, Director James R. Groch purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $142.95 per share, with a total value of $214,425.00. Following the purchase, the director directly owned 17,957 shares in the company, valued at $2,566,953.15. This represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Robert Joseph Deshaies sold 2,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total value of $296,800.00. Following the completion of the sale, the chief operating officer owned 20,288 shares in the company, valued at $3,010,739.20. This trade represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is owned by insiders.

WEX Stock Up 3.0%

Shares of WEX opened at $176.56 on Friday. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 17.59, a P/E/G ratio of 1.05 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.04 and a debt-to-equity ratio of 2.62. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $186.85. The company has a 50-day moving average price of $146.40 and a two-hundred day moving average price of $152.75.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same period in the previous year, the business earned $3.95 earnings per share. The company’s quarterly 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. Equities analysts predict that WEX Inc. will post 16.88 EPS for the current fiscal year.

WEX declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 2026 expectations on both revenue and earnings, with revenue up 14.2% year over year to $753.5 million and adjusted EPS rising to $5.35, helping support bullish investor sentiment. Article Title
• Positive Sentiment: The company raised full-year guidance, now targeting $2.86 billion to $2.90 billion in revenue and $19.68 to $20.08 in adjusted EPS, which signals management confidence in continued growth. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target on WEX to $210 from $200 and reiterated an outperform rating, implying additional upside from current levels. Article Title

WEX 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.