Oppenheimer Asset Management Inc. Takes Position in WEX Inc. $WEX

Oppenheimer Asset Management Inc. acquired a new position in shares of WEX Inc. (NYSE:WEX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,379 shares of the business services provider’s stock, valued at approximately $2,170,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in WEX in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd raised its holdings 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 during the last quarter. First Horizon Corp raised its holdings 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 during the last quarter. Root Financial Partners LLC lifted its position in shares of WEX by 255.0% in the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after purchasing an additional 255 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of WEX by 225.4% in the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after purchasing an additional 257 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at WEX

In other news, COO Carlos Carriedo sold 1,075 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total transaction of $199,950.00. Following the transaction, the chief operating officer owned 11,076 shares in the company, valued at approximately $2,060,136. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer Kimball sold 1,183 shares of the stock in a transaction dated Monday, July 27th. The stock was 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 in the company, valued at $867,919.80. This trade represents a 19.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,858 shares of company stock worth $1,662,835 over the last three months. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased 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 started coverage on shares of WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price on the stock. Cantor Fitzgerald set a $178.00 price target on shares of WEX in a research report on Monday, July 27th. Keefe, Bruyette & Woods increased their price target on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $183.30.

Key WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Broad-based earnings estimate increases: Zacks Research raised its EPS forecasts for WEX’s third quarter of 2026 to $4.83 from $4.52, fiscal 2026 to $17.03 from $16.45, fiscal 2027 to $17.93 from $17.08, and fiscal 2028 to $19.58 from $18.35. Higher profit forecasts generally support the investment case for WEX.
• Positive Sentiment: Improved longer-term quarterly outlook: Zacks increased estimates for first-quarter 2027 EPS to $3.95 from $3.69, third-quarter 2027 EPS to $5.00 from $4.57, fourth-quarter 2027 EPS to $4.54 from $4.39, first-quarter 2028 EPS to $4.47 from $4.19, and second-quarter 2028 EPS to $4.82 from $4.62. The revisions indicate stronger expected earnings momentum through 2028.
• Neutral Sentiment: One minor reduction: Zacks trimmed its second-quarter 2027 EPS forecast to $4.43 from $4.44, a negligible change that does not materially alter the overall positive revision trend.
• Negative Sentiment: Limited immediate catalyst: The changes came from one research firm and largely concern future periods. WEX’s current full-year consensus remains $17.12 per share, while the shares are trading close to their 52-week high, which may encourage investors to lock in gains despite the stronger estimates.

WEX Stock Performance

NYSE:WEX opened at $191.62 on Monday. The company has a fifty day moving average of $158.88 and a 200-day moving average of $155.90. The firm has a market capitalization of $6.53 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.00 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62. WEX Inc. has a twelve month low of $125.29 and a twelve month high of $199.69.

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

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

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.