336,973 Shares in WEX Inc. $WEX Bought by Norges Bank

Norges Bank bought a new position in shares of WEX Inc. (NYSE:WEX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 336,973 shares of the business services provider’s stock, valued at approximately $50,202,000. Norges Bank owned approximately 0.98% of WEX as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of WEX by 0.4% during the 3rd 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 raised its position in WEX by 0.3% during the third quarter. Boston Partners now owns 1,273,363 shares of the business services provider’s stock valued at $200,704,000 after purchasing an additional 4,227 shares in the last quarter. Earnest Partners LLC lifted its stake in WEX by 1.1% during the third quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after purchasing an additional 10,027 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of WEX by 8.6% in the 3rd quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock worth $138,474,000 after purchasing an additional 69,375 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of WEX by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 642,813 shares of the business services provider’s stock worth $101,271,000 after purchasing an additional 7,994 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WEX shares. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a report on Monday, April 20th. Robert W. Baird lifted their target price on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Cantor Fitzgerald boosted their price target on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Raymond James Financial restated a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Finally, Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Four investment 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 an average target price of $172.70.

WEX Stock Down 0.2%

Shares of NYSE WEX opened at $147.96 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX Inc. has a 12 month low of $132.35 and a 12 month high of $186.85. The firm has a market capitalization of $5.13 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.92 and a beta of 0.85. The firm has a fifty day simple moving average of $152.54 and a two-hundred day simple moving average of $153.55.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.92 by $0.23. The firm had revenue of $673.80 million for the quarter, compared to analysts’ expectations of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.51 EPS. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Equities analysts expect that WEX Inc. will post 16.49 earnings per share for the current year.

WEX declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 14th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 21.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, COO Robert Joseph Deshaies sold 1,200 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $144.84, for a total transaction of $173,808.00. Following the transaction, the chief operating officer directly owned 22,288 shares of the company’s stock, valued at $3,228,193.92. This represents a 5.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $175.00, for a total value of $612,500.00. Following the completion of the transaction, the chief operating officer directly owned 22,872 shares in the company, valued at approximately $4,002,600. This represents a 13.27% 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. In the last ninety days, insiders have sold 9,019 shares of company stock worth $1,446,996. Corporate insiders own 1.40% of the company’s stock.

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.