31,162 Shares in WEX Inc. $WEX Bought by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc purchased a new stake in shares of WEX Inc. (NYSE:WEX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,162 shares of the business services provider’s stock, valued at approximately $4,397,000.

Several other large investors have also recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new stake in shares of WEX in the 4th quarter valued at about $25,000. Global Retirement Partners LLC purchased a new position in WEX in the 2nd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd lifted its position in WEX by 368.1% in the third 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. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of WEX during the second quarter valued at approximately $41,000. Finally, Root Financial Partners LLC grew its holdings in shares of WEX by 255.0% in the first 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 last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Performance

WEX stock opened at $200.16 on Friday. WEX Inc. has a fifty-two week low of $125.29 and a fifty-two week high of $200.55. The stock’s 50 day simple moving average is $164.25 and its two-hundred day simple moving average is $157.27. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.04 and a beta of 0.82.

WEX (NYSE:WEX) last released its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS 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 during the quarter, compared to analysts’ expectations of $740.72 million. During the same quarter last year, the business posted $3.95 EPS. The firm’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 expect that WEX Inc. will post 17.11 earnings per share for the current fiscal year.

WEX announced that its Board of Directors has approved a share repurchase program on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Weiss Ratings raised WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Loop Capital initiated coverage on WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $183.30.

Insider Transactions at WEX

In related news, CAO Jennifer Kimball sold 1,183 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.55, for a total value of $208,858.65. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following the sale, the chief operating officer directly owned 20,288 shares in the company, valued at $3,010,739.20. The trade was a 8.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 9,858 shares of company stock worth $1,662,835. Corporate insiders own 1.40% of the company’s stock.

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.