WEX Inc. $WEX Shares Acquired by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. increased its holdings in WEX Inc. (NYSE:WEX) by 42.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,500 shares of the business services provider’s stock after acquiring an additional 18,700 shares during the quarter. WEX makes up about 1.0% of Lightrock Netherlands B.V.’s holdings, making the stock its 25th biggest position. Lightrock Netherlands B.V.’s holdings in WEX were worth $9,311,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quent Capital LLC acquired a new position in WEX in the 3rd quarter valued at $28,000. Steph & Co. acquired a new position in WEX in the 3rd quarter valued at $35,000. Caitong International Asset Management Co. Ltd increased its stake in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares during the period. Hantz Financial Services Inc. increased its stake in WEX by 162.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after buying an additional 141 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in WEX by 56.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock valued at $53,000 after buying an additional 119 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WEX

In related news, insider Sara Trickett sold 1,815 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $149.95, for a total value of $272,159.25. Following the completion of the transaction, the insider owned 2,137 shares of the company’s stock, valued at approximately $320,443.15. The trade was a 45.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $152.14, for a total transaction of $532,490.00. Following the completion of the transaction, the chief operating officer directly owned 26,372 shares of the company’s stock, valued at $4,012,236.08. The trade was a 11.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,979 shares of company stock worth $1,842,414 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

WEX has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. UBS Group set a $165.00 price objective on shares of WEX and gave the company a “neutral” rating in a research note on Friday, February 6th. Cantor Fitzgerald boosted their price objective on shares of WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Finally, Raymond James Financial reissued a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, WEX currently has an average rating of “Hold” and an average target price of $162.27.

WEX Trading Up 2.0%

Shares of WEX stock opened at $171.27 on Thursday. The firm has a 50-day moving average price of $157.25 and a 200 day moving average price of $153.95. WEX Inc. has a twelve month low of $118.67 and a twelve month high of $180.71. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.35 and a beta of 0.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.21. WEX had a net margin of 11.43% and a return on equity of 48.01%. The firm had revenue of $672.90 million during the quarter, compared to the consensus estimate of $660.89 million. During the same quarter in the previous year, the company posted $3.57 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. Research analysts forecast that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

About WEX

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.