State of New Jersey Common Pension Fund D Sells 1,198 Shares of WEX Inc. $WEX

State of New Jersey Common Pension Fund D cut its stake in WEX Inc. (NYSE:WEX) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,720 shares of the business services provider’s stock after selling 1,198 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in WEX were worth $2,015,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WEX. GAMMA Investing LLC lifted its position in WEX by 78.1% in the first quarter. GAMMA Investing LLC now owns 440 shares of the business services provider’s stock worth $69,000 after buying an additional 193 shares during the last quarter. Palisade Capital Management LP lifted its position in shares of WEX by 54.3% during the first quarter. Palisade Capital Management LP now owns 8,205 shares of the business services provider’s stock worth $1,288,000 after purchasing an additional 2,888 shares during the last quarter. Lightrock Netherlands B.V. bought a new stake in shares of WEX during the first quarter worth $1,887,000. Eukles Asset Management lifted its position in shares of WEX by 18.2% during the first quarter. Eukles Asset Management now owns 3,226 shares of the business services provider’s stock worth $507,000 after purchasing an additional 497 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of WEX by 1.0% during the first quarter. Envestnet Asset Management Inc. now owns 59,053 shares of the business services provider’s stock worth $9,272,000 after purchasing an additional 578 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors.

WEX Stock Performance

Shares of WEX stock opened at $151.29 on Friday. The firm has a market cap of $5.18 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.34 and a beta of 1.26. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $191.43. The stock’s fifty day moving average price is $162.59 and its 200-day moving average price is $151.74.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (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 company had revenue of $691.70 million for the quarter, compared to analyst estimates of $678.25 million. During the same quarter in the previous year, the firm earned $4.35 earnings per share. The firm’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. On average, equities research analysts expect that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on WEX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Barclays lifted their target price on WEX from $135.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft started coverage on WEX in a research report on Thursday, July 17th. They set a “hold” rating and a $150.00 target price for the company. William Blair reiterated a “market perform” rating on shares of WEX in a research report on Friday, July 25th. Finally, Morgan Stanley lifted their target price on WEX from $142.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $173.91.

Insider Transactions at WEX

In other WEX news, insider Ann Elena Drew sold 1,931 shares of WEX stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $171.69, for a total value of $331,533.39. Following the transaction, the insider owned 7,295 shares in the company, valued at $1,252,478.55. The trade was a 20.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by company insiders.

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.