Sanctuary Advisors LLC Invests $703,000 in WEX Inc. $WEX

Sanctuary Advisors LLC purchased a new stake in WEX Inc. (NYSE:WEX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,981 shares of the business services provider’s stock, valued at approximately $703,000.

Several other institutional investors have also modified their holdings of WEX. Goldman Sachs Group Inc. grew its holdings in WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock valued at $55,097,000 after purchasing an additional 215,036 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of WEX during the 1st quarter worth approximately $394,000. American Century Companies Inc. increased its stake in WEX by 1.9% in the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after purchasing an additional 60 shares during the period. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 387 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of WEX in the second quarter worth about $271,000. 97.47% of the stock is owned by institutional investors.

WEX Stock Performance

Shares of WEX opened at $196.59 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The firm has a market cap of $6.70 billion, a PE ratio of 19.58, a P/E/G ratio of 1.03 and a beta of 0.82. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $203.99. The stock has a fifty day moving average price of $171.28 and a 200-day moving average price of $158.96.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same quarter last year, the company earned $3.95 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Equities research analysts predict that WEX Inc. will post 17.11 earnings per share for the current fiscal year.

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

Insider Activity at WEX

In other news, CAO Jennifer Kimball sold 1,183 shares of WEX stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.55, for a total transaction of $208,858.65. Following the completion of the sale, the chief accounting officer directly owned 4,916 shares in the company, valued at approximately $867,919.80. The trade was a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ann Elena Drew sold 3,400 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.02, for a total value of $598,468.00. Following the completion of the transaction, the insider directly owned 7,988 shares in the company, valued at approximately $1,406,047.76. The trade was a 29.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 8,658 shares of company stock worth $1,489,027. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

WEX has been the subject of several research analyst reports. Evercore raised shares of WEX to an “outperform” rating in a research note on Tuesday, July 21st. Mizuho lifted their price objective on WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Morgan Stanley increased their price objective on shares of WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods increased their target price on WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $183.30.

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.