WEX Inc. $WEX Shares Bought by Sunriver Management LLC

Sunriver Management LLC grew its stake in WEX Inc. (NYSE:WEX) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,956 shares of the business services provider’s stock after purchasing an additional 26,887 shares during the period. WEX comprises approximately 5.4% of Sunriver Management LLC’s investment portfolio, making the stock its 8th largest holding. Sunriver Management LLC’s holdings in WEX were worth $50,083,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in WEX by 4,837.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock valued at $58,000 after buying an additional 387 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in shares of WEX during the second quarter valued at approximately $267,000. Claret Asset Management Corp purchased a new position in shares of WEX in the second quarter valued at approximately $233,000. Edgestream Partners L.P. acquired a new stake in shares of WEX in the second quarter worth approximately $1,259,000. Finally, Sepio Capital LP increased its position in shares of WEX by 24.2% during the second quarter. Sepio Capital LP now owns 6,798 shares of the business services provider’s stock worth $999,000 after purchasing an additional 1,323 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other WEX news, Director Stephen Montgomery Smith bought 1,000 shares of WEX stock in a transaction on Thursday, November 13th. The shares were bought at an average price of $144.25 per share, for a total transaction of $144,250.00. Following the completion of the transaction, the director directly owned 7,971 shares of the company’s stock, valued at $1,149,816.75. This trade represents a 14.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, COO Robert Joseph Deshaies sold 1,506 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $149.62, for a total value of $225,327.72. Following the transaction, the chief operating officer owned 15,699 shares of the company’s stock, valued at approximately $2,348,884.38. This represents a 8.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on WEX shares. JPMorgan Chase & Co. decreased their price objective on WEX from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. UBS Group reduced their target price on shares of WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Wednesday, October 22nd. Robert W. Baird upped their price objective on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, WEX presently has an average rating of “Hold” and an average target price of $172.92.

WEX Trading Up 2.0%

Shares of WEX stock opened at $149.52 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $188.70. The company’s 50-day moving average price is $150.77 and its 200-day moving average price is $154.76. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.17 and a beta of 1.03.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.14. The company had revenue of $691.80 million for the quarter, compared to the consensus estimate of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.10%. WEX’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.35 earnings per share. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. As a group, equities analysts predict that WEX Inc. will post 14.09 earnings per share for the current year.

WEX Company 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.