Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stake in WEX Inc. $WEX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of WEX Inc. (NYSE:WEX) by 5.4% in the second quarter, Holdings Channel.com reports. The fund owned 8,799 shares of the business services provider’s stock after acquiring an additional 453 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in WEX were worth $1,292,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of WEX by 282.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 214 shares of the business services provider’s stock worth $31,000 after purchasing an additional 158 shares in the last quarter. Quarry LP acquired a new stake in WEX during the 1st quarter worth $44,000. SVB Wealth LLC purchased a new stake in shares of WEX during the first quarter worth $49,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of WEX in the second quarter valued at about $54,000. Finally, UMB Bank n.a. raised its position in shares of WEX by 22.1% in the second quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock valued at $55,000 after buying an additional 68 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Stock Performance

WEX stock opened at $146.07 on Friday. The firm has a 50 day simple moving average of $153.64 and a 200-day simple moving average of $153.90. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24. The company has a debt-to-equity ratio of 3.99, a current ratio of 1.04 and a quick ratio of 1.04. WEX Inc. has a 1-year low of $110.45 and a 1-year high of $191.43.

WEX (NYSE:WEX) last released its quarterly 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. The firm had revenue of $691.80 million for the quarter, compared to analyst estimates of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.36%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.35 EPS. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. On average, analysts expect that WEX Inc. will post 14.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WEX shares. UBS Group lowered their price target on shares of WEX from $185.00 to $172.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Robert W. Baird raised their target price on shares of WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Wall Street Zen upgraded WEX from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a report on Wednesday, October 8th. Finally, Bank of America upgraded WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective on the stock in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, WEX currently has a consensus rating of “Hold” and an average target price of $172.92.

Insider Buying and Selling at WEX

In other WEX news, Director Stephen Montgomery Smith purchased 1,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $144.25 per share, for a total transaction of $144,250.00. Following the acquisition, the director owned 7,971 shares in the company, valued at $1,149,816.75. This trade represents a 14.35% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.