Impact Partnership Wealth LLC Takes Position in WEX Inc. $WEX

Posted by on May 31st, 2026

Impact Partnership Wealth LLC bought a new stake in WEX Inc. (NYSE:WEX – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,959 shares of the business services provider’s stock, valued at approximately $590,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of WEX by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock valued at $513,903,000 after buying an additional 12,099 shares in the last quarter. Boston Partners increased its stake in shares of WEX by 0.3% in the third quarter. Boston Partners now owns 1,273,363 shares of the business services provider’s stock valued at $200,704,000 after buying an additional 4,227 shares in the last quarter. Earnest Partners LLC increased its stake in shares of WEX by 1.1% in the third quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock valued at $143,006,000 after buying an additional 10,027 shares in the last quarter. Bank of America Corp DE increased its stake in shares of WEX by 8.6% in the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock valued at $138,474,000 after buying an additional 69,375 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of WEX by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 642,813 shares of the business services provider’s stock valued at $101,271,000 after buying an additional 7,994 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Price Performance

Shares of WEX stock opened at $144.76 on Friday. The stock has a 50-day moving average price of $153.19 and a 200 day moving average price of $153.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.90 and a beta of 0.87. WEX Inc. has a 12 month low of $128.91 and a 12 month high of $186.85.

WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The firm had revenue of $673.80 million during the quarter, compared to analyst estimates of $660.96 million. During the same period last year, the company earned $3.51 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Research analysts expect that WEX Inc. will post 16.48 EPS for the current year.

WEX declared that its Board of Directors has initiated a share buyback program on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 21.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other WEX news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $175.00, for a total transaction of $612,500.00. Following the transaction, the chief operating officer owned 22,872 shares in the company, valued at approximately $4,002,600. This trade represents a 13.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch bought 1,500 shares of WEX stock in a transaction on Monday, May 18th. The shares were bought at an average price of $142.95 per share, for a total transaction of $214,425.00. Following the acquisition, the director owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,819 shares of company stock worth $1,273,188. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Loop Capital began coverage on WEX in a research note on Monday, April 27th. They issued a “buy” rating and a $195.00 target price for the company. Cantor Fitzgerald lifted their price objective on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. lowered their price objective on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, WEX has a consensus rating of “Hold” and a consensus target price of $172.70.

Read Our Latest Research Report on WEX

WEX Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding WEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEX Inc. (NYSE:WEX – Free Report).

Institutional Ownership by Quarter for WEX (NYSE:WEX)

Receive News & Ratings for WEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEX and related companies with MarketBeat.com's FREE daily email newsletter.