Janus Henderson Group PLC Has $599.31 Million Stock Position in WEX Inc. $WEX

Janus Henderson Group PLC increased its stake in shares of WEX Inc. (NYSE:WEX) by 1.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,916,073 shares of the business services provider’s stock after acquiring an additional 44,031 shares during the period. Janus Henderson Group PLC owned 0.11% of WEX worth $599,313,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC grew its stake in WEX by 794.0% in the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock valued at $132,563,000 after purchasing an additional 790,271 shares in the last quarter. Turtle Creek Asset Management Inc. bought a new stake in shares of WEX during the 3rd quarter worth approximately $93,289,000. Par Capital Management Inc. raised its stake in shares of WEX by 21.6% during the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after purchasing an additional 400,500 shares in the last quarter. Norges Bank acquired a new stake in shares of WEX in the 4th quarter valued at approximately $50,202,000. Finally, New South Capital Management Inc. boosted its holdings in shares of WEX by 627.0% in the 4th quarter. New South Capital Management Inc. now owns 268,023 shares of the business services provider’s stock valued at $39,930,000 after buying an additional 231,158 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at WEX

In related news, Director James R. Groch bought 1,500 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $142.95 per share, for a total transaction of $214,425.00. Following the purchase, the director owned 17,957 shares in the company, valued at $2,566,953.15. This represents a 9.11% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ann Elena Drew sold 3,400 shares of WEX stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $176.02, for a total transaction of $598,468.00. Following the sale, the insider directly owned 7,988 shares of the company’s stock, valued at $1,406,047.76. The trade was a 29.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,783 shares of company stock valued at $1,277,935 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WEX. Morgan Stanley boosted their target price on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Cantor Fitzgerald set a $178.00 price target on shares of WEX in a research note on Monday. Robert W. Baird increased their price target on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Mizuho lifted their price objective on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Weiss Ratings lowered shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $183.30.

WEX News Roundup

Here are the key news stories impacting WEX this week:

• Positive Sentiment: AI product launch strengthens commercial-fleet offering. WEX introduced SecureFuel, an AI-powered capability that uses fleet-card transaction data, real-time vehicle information and predictive models to identify and block potentially unauthorized fuel purchases before approval. The product could improve customer value, reduce fraud losses and support future revenue growth. WEX Introduces SecureFuel AI-Powered Fraud Prevention for Commercial Fleets
• Positive Sentiment: Recent operating performance exceeded expectations. WEX reported second-quarter revenue of $753.5 million, up 14.2% year over year, and adjusted earnings of $5.35 per share versus the $5.08 consensus estimate. The company also provided third-quarter earnings guidance of $5.45 to $5.65 per share and full-year guidance of $19.68 to $20.08, reinforcing the case for continued earnings growth.
• Neutral Sentiment: Analyst view remains above the current trading level but is mixed. Mizuho reportedly lowered its WEX price target to $215 while maintaining its outlook. That target remains above the stock’s recent level, but the reduction indicates some caution about near-term valuation or growth assumptions. Mizuho cuts WEX stock price target to $215, maintains outlook
• Neutral Sentiment: Management is scheduled to meet investors. CFO Jagtar Narula will participate in Bank of America’s SMID Cap Executive Insights Event on August 11. The presentation could provide additional commentary on demand, SecureFuel adoption and 2026 guidance, but it is not an immediate financial catalyst. WEX to Participate in the Bank of America 2026 SMID Cap Executive Insights Event
• Negative Sentiment: Several insiders sold shares. Chief Risk and Compliance Officer Ann Elena Drew sold 3,400 shares worth approximately $598,468, while Chief Accounting Officer Jennifer Kimball sold 1,183 shares worth about $208,859. Recent activity shows 24 insider sales versus one purchase over six months, which could raise concerns about insider confidence, although such transactions may also reflect personal financial planning.

WEX Stock Performance

Shares of NYSE WEX opened at $188.38 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $6.42 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.02 and a beta of 0.85. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $191.38. The stock has a 50 day moving average of $148.86 and a 200-day moving average of $153.36.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. During the same quarter in the prior year, the business earned $3.95 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, equities research analysts predict that WEX Inc. will post 17.09 EPS for the current year.

WEX announced that its Board of Directors has initiated a stock buyback program on Thursday, May 14th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 21.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

WEX 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.