WEX Inc. $WEX Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. increased its holdings in shares of WEX Inc. (NYSE:WEX) by 44.9% during the second quarter, HoldingsChannel.com reports. The fund owned 4,248 shares of the business services provider’s stock after buying an additional 1,316 shares during the period. Bessemer Group Inc.’s holdings in WEX were worth $624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. boosted its position in WEX by 22.1% during the second quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock worth $55,000 after acquiring an additional 68 shares during the last quarter. Inspire Investing LLC boosted its position in WEX by 3.5% during the first quarter. Inspire Investing LLC now owns 2,588 shares of the business services provider’s stock worth $406,000 after acquiring an additional 87 shares during the last quarter. Isthmus Partners LLC boosted its position in WEX by 5.4% during the first quarter. Isthmus Partners LLC now owns 1,987 shares of the business services provider’s stock worth $312,000 after acquiring an additional 101 shares during the last quarter. Cornerstone Investment Partners LLC boosted its position in WEX by 2.9% during the first quarter. Cornerstone Investment Partners LLC now owns 4,705 shares of the business services provider’s stock worth $739,000 after acquiring an additional 133 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in WEX by 50.7% during the first quarter. Brooklyn Investment Group now owns 422 shares of the business services provider’s stock worth $66,000 after acquiring an additional 142 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on WEX shares. Zacks Research lowered shares of WEX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Robert W. Baird upped their price objective on shares of WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. William Blair restated a “market perform” rating on shares of WEX in a report on Friday, July 25th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a report on Wednesday, October 8th. Finally, UBS Group decreased their price objective on shares of WEX from $185.00 to $172.00 and set a “neutral” rating on the stock in a report on Friday. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, WEX currently has a consensus rating of “Hold” and an average price target of $172.92.

WEX Trading Down 3.8%

Shares of NYSE:WEX opened at $145.78 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. The company’s 50 day moving average is $162.04 and its two-hundred day moving average is $152.03. The company has a market cap of $4.99 billion, a PE ratio of 18.96, a P/E/G ratio of 1.34 and a beta of 1.26. WEX Inc. has a 52 week low of $110.45 and a 52 week high of $191.43.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.14. The firm had revenue of $691.70 million for the quarter, compared to the consensus estimate of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.36%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $4.35 EPS. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. Equities analysts predict that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ann Elena Drew sold 1,931 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $171.69, for a total transaction of $331,533.39. Following the completion of the sale, the insider owned 7,295 shares in the company, valued at $1,252,478.55. This represents a 20.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.