Clifford Capital Partners LLC Takes $14.20 Million Position in WEX Inc. $WEX

Clifford Capital Partners LLC bought a new stake in WEX Inc. (NYSE:WEX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 95,326 shares of the business services provider’s stock, valued at approximately $14,202,000. WEX accounts for 2.4% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of WEX by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 60 shares during the period. First Horizon Corp lifted its stake in shares of WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 94 shares during the period. Choreo LLC lifted its stake in shares of WEX by 3.4% in the 3rd quarter. Choreo LLC now owns 2,894 shares of the business services provider’s stock valued at $456,000 after purchasing an additional 95 shares during the period. Fulcrum Asset Management LLP lifted its stake in shares of WEX by 1.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 5,628 shares of the business services provider’s stock valued at $887,000 after purchasing an additional 95 shares during the period. Finally, Eukles Asset Management lifted its stake in shares of WEX by 2.8% in the 4th quarter. Eukles Asset Management now owns 3,429 shares of the business services provider’s stock valued at $511,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Down 3.5%

WEX stock opened at $126.73 on Thursday. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.82 and a beta of 0.85. The stock has a fifty day simple moving average of $149.95 and a two-hundred day simple moving average of $153.13. WEX Inc. has a 12 month low of $125.63 and a 12 month high of $186.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. The business had revenue of $673.80 million during the quarter, compared to analyst estimates of $660.96 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.51 EPS. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Equities analysts predict that WEX Inc. will post 16.49 EPS for the current fiscal year.

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

Insider Buying and Selling

In related news, COO Robert Joseph Deshaies sold 1,200 shares of WEX stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $144.84, for a total value of $173,808.00. Following the completion of the sale, the chief operating officer owned 22,288 shares of the company’s stock, valued at $3,228,193.92. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James R. Groch acquired 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $142.95 per share, with a total value of $214,425.00. Following the acquisition, the director directly owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This trade represents a 9.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 8,200 shares of company stock valued at $1,318,798 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on WEX shares. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research note on Monday, April 20th. Loop Capital started coverage on WEX in a research note on Monday, April 27th. They issued a “buy” rating and a $195.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their target price on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Robert W. Baird raised their target price on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $173.70.

WEX Company 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.