Impact Partnership Wealth LLC Takes $590,000 Position in WEX Inc. $WEX

Impact Partnership Wealth LLC acquired a new stake in WEX Inc. (NYSE:WEX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,959 shares of the business services provider’s stock, valued at approximately $590,000.

Other hedge funds also recently modified their holdings of the company. Earnest Partners LLC boosted its position 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 acquiring an additional 10,027 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of WEX by 1,289.3% in the third quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider’s stock valued at $3,119,000 after acquiring an additional 18,372 shares during the period. Citigroup Inc. boosted its position in shares of WEX by 103.8% in the third quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock valued at $3,795,000 after acquiring an additional 12,266 shares during the period. Intech Investment Management LLC boosted its position in shares of WEX by 289.4% in the third quarter. Intech Investment Management LLC now owns 14,066 shares of the business services provider’s stock valued at $2,216,000 after acquiring an additional 10,454 shares during the period. Finally, Snyder Capital Management L P boosted its position in shares of WEX by 13.6% in the third quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider’s stock valued at $27,635,000 after acquiring an additional 21,028 shares during the period. 97.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director James R. Groch acquired 1,500 shares of the company’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the purchase, the director directly owned 17,957 shares of the company’s stock, valued at $2,566,953.15. The trade was a 9.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer Kimball sold 715 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total value of $112,841.30. Following the transaction, the chief accounting officer owned 6,203 shares of the company’s stock, valued at $978,957.46. This represents a 10.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,819 shares of company stock worth $1,273,188 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WEX shares. Morgan Stanley increased their price objective on WEX from $146.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Cantor Fitzgerald upped their target price on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research note on Monday, April 20th. Finally, 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. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, WEX currently has an average rating of “Hold” and an average target price of $172.70.

WEX Stock Performance

Shares of NYSE WEX opened at $144.76 on Friday. The business has a fifty day simple moving average of $153.19 and a 200 day simple moving average of $153.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. The firm has a market capitalization 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 one year low of $128.91 and a one year high of $186.85.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $673.80 million during the quarter, compared to analyst estimates of $660.96 million. During the same period in the prior year, the company posted $3.51 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts expect that WEX Inc. will post 16.48 EPS for the current year.

WEX announced that its Board of Directors has authorized a share buyback plan on Thursday, May 14th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 21.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board 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.