VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of WEX Inc. (NYSE:WEX – Free Report) by 143.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,019 shares of the business services provider’s stock after buying an additional 11,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in WEX were worth $2,982,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Versor Investments LP purchased a new stake in shares of WEX during the fourth quarter worth approximately $526,000. Swiss Life Asset Management Ltd increased its stake in shares of WEX by 87.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,802 shares of the business services provider’s stock worth $417,000 after buying an additional 1,305 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of WEX by 47.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock worth $4,351,000 after buying an additional 9,410 shares during the period. Equitable Trust Co. purchased a new stake in shares of WEX during the fourth quarter worth approximately $295,000. Finally, Delta Investment Management LLC purchased a new stake in shares of WEX during the fourth quarter worth approximately $222,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at WEX
In other WEX news, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total value of $251,842.50. Following the completion of the transaction, the chief operating officer owned 3,695 shares in the company, valued at approximately $590,830.50. This represents a 29.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the stock in a transaction 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 owned 22,872 shares of the company’s stock, valued at $4,002,600. The trade was a 13.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 14,447 shares of company stock valued at $2,283,602. Corporate insiders own 1.40% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on WEX
WEX Price Performance
WEX stock opened at $134.17 on Friday. The company has a market capitalization of $4.65 billion, a P/E ratio of 15.06, a PEG ratio of 0.85 and a beta of 0.87. WEX Inc. has a twelve month low of $128.91 and a twelve month high of $186.85. The business has a 50 day simple moving average of $156.38 and a 200-day simple moving average of $153.71. 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 – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The business had revenue of $673.80 million during the quarter, compared to the consensus estimate of $660.96 million. During the same period in the prior year, the company earned $3.51 earnings per share. 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. As a group, equities analysts anticipate that WEX Inc. will post 16.34 EPS for the current year.
WEX declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
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.
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