WEX Inc. $WEX Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. cut its stake in shares of WEX Inc. (NYSE:WEX) by 7.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,873 shares of the business services provider’s stock after selling 1,095 shares during the period. Summit Investment Advisors Inc.’s holdings in WEX were worth $2,178,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Earnest Partners LLC increased its stake in WEX by 2.6% during the first quarter. Earnest Partners LLC now owns 895,406 shares of the business services provider’s stock worth $140,597,000 after acquiring an additional 22,672 shares during the last quarter. Lyrical Asset Management LP lifted its holdings in shares of WEX by 0.3% during the 1st quarter. Lyrical Asset Management LP now owns 826,188 shares of the business services provider’s stock valued at $129,728,000 after acquiring an additional 2,754 shares in the last quarter. Hsbc Holdings PLC increased its holdings in WEX by 20,412.8% in the 1st quarter. Hsbc Holdings PLC now owns 638,563 shares of the business services provider’s stock valued at $99,069,000 after purchasing an additional 635,450 shares in the last quarter. Millennium Management LLC raised its holdings in shares of WEX by 652.7% during the 1st quarter. Millennium Management LLC now owns 412,665 shares of the business services provider’s stock valued at $64,797,000 after buying an additional 357,842 shares during the period. Finally, Ariel Investments LLC raised its stake in shares of WEX by 29.5% during the first quarter. Ariel Investments LLC now owns 412,247 shares of the business services provider’s stock valued at $64,731,000 after purchasing an additional 93,975 shares during the period. 97.47% of the stock is owned by hedge funds and other institutional investors.

WEX Trading Up 0.4%

WEX stock opened at $145.45 on Monday. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $191.43. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.99. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.34 and a beta of 1.24. The firm has a 50-day moving average price of $159.62 and a two-hundred day moving average price of $153.08.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WEX shares. Morgan Stanley raised their target price on WEX from $142.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. Mizuho lifted their price objective on WEX from $150.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Barclays upped their target price on WEX from $135.00 to $170.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. William Blair restated a “market perform” rating on shares of WEX in a research note on Friday, July 25th. Finally, UBS Group reduced their price objective on shares of WEX from $185.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Four research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, WEX presently has a consensus rating of “Hold” and a consensus target price of $172.92.

WEX Profile

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.