WEX Inc. $WEX Shares Sold by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey lowered its holdings in WEX Inc. (NYSE:WEX) by 10.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,966 shares of the business services provider’s stock after selling 1,581 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in WEX were worth $1,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Partners bought a new stake in WEX during the second quarter worth approximately $186,980,000. Earnest Partners LLC lifted its position in shares of WEX by 2.6% during the 1st quarter. Earnest Partners LLC now owns 895,406 shares of the business services provider’s stock valued at $140,597,000 after acquiring an additional 22,672 shares during the last quarter. Lyrical Asset Management LP boosted its stake in shares of WEX by 0.3% during the 1st quarter. Lyrical Asset Management LP now owns 826,188 shares of the business services provider’s stock worth $129,728,000 after acquiring an additional 2,754 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of WEX by 20,412.8% in the 1st quarter. Hsbc Holdings PLC now owns 638,563 shares of the business services provider’s stock worth $99,069,000 after acquiring an additional 635,450 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of WEX by 652.7% during the first quarter. Millennium Management LLC now owns 412,665 shares of the business services provider’s stock worth $64,797,000 after purchasing an additional 357,842 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WEX has been the topic of a number of analyst reports. Wall Street Zen raised WEX from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Morgan Stanley lifted their target price on shares of WEX from $142.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Barclays lifted their price objective on shares of WEX from $135.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, UBS Group reduced their target price on WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, WEX has an average rating of “Hold” and an average target price of $172.92.

Insiders Place Their Bets

In other news, Director Stephen Montgomery Smith bought 1,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $144.25 per share, with a total value of $144,250.00. Following the transaction, the director directly owned 7,971 shares in the company, valued at approximately $1,149,816.75. This trade represents a 14.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by insiders.

WEX Stock Performance

Shares of WEX opened at $139.04 on Thursday. WEX Inc. has a 52 week low of $110.45 and a 52 week high of $191.43. The company has a debt-to-equity ratio of 3.99, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $4.77 billion, a PE ratio of 18.08, a PEG ratio of 1.34 and a beta of 1.24. The company’s 50 day moving average price is $154.84 and its 200 day moving average price is $153.62.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (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 45.36%. The company had revenue of $691.80 million during the quarter, compared to analyst estimates of $678.25 million. During the same quarter last year, the business posted $4.35 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. Research analysts expect that WEX Inc. will post 14.09 EPS for the current fiscal 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.