WEX Inc. $WEX Shares Acquired by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. lifted its stake in shares of WEX Inc. (NYSE:WEX) by 19.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,800 shares of the business services provider’s stock after acquiring an additional 7,200 shares during the quarter. Lightrock Netherlands B.V. owned 0.13% of WEX worth $6,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Quent Capital LLC acquired a new position in WEX during the 3rd quarter worth $28,000. Steph & Co. acquired a new stake in WEX in the 3rd quarter valued at about $35,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of WEX in the 2nd quarter valued at about $54,000. UMB Bank n.a. grew its position in shares of WEX by 22.1% during the second quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock worth $55,000 after buying an additional 68 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of WEX by 4,837.5% during the second quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after buying an additional 387 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WEX. Robert W. Baird raised their target price on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. UBS Group dropped their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of WEX from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Wall Street Zen upgraded shares of WEX from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Bank of America raised WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price on the stock in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, WEX presently has an average rating of “Hold” and an average target price of $171.36.

Insider Transactions at WEX

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

WEX Stock Down 1.2%

Shares of NYSE:WEX opened at $159.92 on Friday. The firm has a 50 day simple moving average of $151.75 and a 200-day simple moving average of $158.14. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $188.70. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $5.48 billion, a PE ratio of 20.80, a P/E/G ratio of 1.19 and a beta of 0.99.

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

About WEX

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.