1,682 Shares in WEX Inc. $WEX Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in WEX Inc. (NYSE:WEX) in the 2nd quarter, Holdings Channel reports. The firm acquired 1,682 shares of the business services provider’s stock, valued at approximately $247,000.

A number of other institutional investors also recently bought and sold shares of WEX. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in WEX by 84.3% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 6,254 shares of the business services provider’s stock valued at $919,000 after purchasing an additional 2,860 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of WEX by 99.7% in the 2nd quarter. Intech Investment Management LLC now owns 3,612 shares of the business services provider’s stock worth $531,000 after buying an additional 1,803 shares in the last quarter. Cetera Investment Advisers grew its stake in WEX by 27.1% in the 2nd quarter. Cetera Investment Advisers now owns 5,203 shares of the business services provider’s stock valued at $764,000 after acquiring an additional 1,109 shares during the last quarter. SG Americas Securities LLC increased its holdings in WEX by 58.8% during the 2nd quarter. SG Americas Securities LLC now owns 2,820 shares of the business services provider’s stock valued at $414,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in WEX by 5.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,799 shares of the business services provider’s stock worth $1,292,000 after acquiring an additional 453 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at WEX

In related news, Director Stephen Montgomery Smith acquired 1,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $144.25 per share, for a total transaction of $144,250.00. Following the acquisition, the director directly owned 7,971 shares in the company, valued at approximately $1,149,816.75. The trade was a 14.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

WEX Trading Down 0.4%

Shares of WEX stock opened at $148.95 on Thursday. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $191.43. The business’s fifty day moving average is $152.31 and its two-hundred day moving average is $154.39. 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 cap of $5.11 billion, a PE ratio of 19.37, a P/E/G ratio of 1.34 and a beta of 1.24.

WEX (NYSE:WEX) last released its earnings results on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, beating 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 firm had revenue of $691.80 million during the quarter, compared to analyst estimates of $678.25 million. During the same period in the prior year, the firm posted $4.35 earnings per share. The business’s quarterly revenue 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. Analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WEX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Mizuho increased their target price on WEX from $150.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Bank of America raised WEX from a “neutral” rating to a “buy” rating and set a $178.00 price target for the company in a report on Wednesday, October 22nd. Zacks Research downgraded WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, JPMorgan Chase & Co. dropped their price objective on WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.