Jefferies Financial Group Inc. Makes New Investment in WEX Inc. $WEX

Jefferies Financial Group Inc. purchased a new stake in WEX Inc. (NYSE:WEX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,652 shares of the business services provider’s stock, valued at approximately $830,000.

Other large investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of WEX during the first quarter worth $533,000. Cetera Investment Advisers increased its stake in WEX by 40.4% in the 1st quarter. Cetera Investment Advisers now owns 4,094 shares of the business services provider’s stock worth $643,000 after purchasing an additional 1,179 shares in the last quarter. LPL Financial LLC raised its holdings in WEX by 4.3% during the 1st quarter. LPL Financial LLC now owns 30,667 shares of the business services provider’s stock worth $4,815,000 after buying an additional 1,259 shares during the period. XTX Topco Ltd purchased a new stake in WEX during the first quarter valued at about $2,178,000. Finally, R Squared Ltd boosted its holdings in shares of WEX by 3,180.0% in the first quarter. R Squared Ltd now owns 1,640 shares of the business services provider’s stock worth $258,000 after buying an additional 1,590 shares during the period. 97.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WEX has been the topic of several analyst reports. Zacks Research lowered shares of WEX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Mizuho boosted their target price on shares of WEX from $150.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. UBS Group decreased their target price on WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded WEX from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $172.92.

Insiders Place Their Bets

In other news, Director Stephen Montgomery Smith purchased 1,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $144.25 per share, with a total value of $144,250.00. Following the purchase, the director directly 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 can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

WEX Trading Down 0.4%

Shares of NYSE:WEX opened at $148.95 on Friday. The firm has a fifty day moving average of $151.92 and a two-hundred day moving average of $154.35. The firm has a market capitalization of $5.11 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $191.43. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.99.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, topping 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 business had revenue of $691.80 million for the quarter, compared to the consensus estimate of $678.25 million. During the same period in the prior year, the business posted $4.35 earnings per share. WEX’s revenue for the quarter was up 4.0% compared to the same quarter last year. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. On average, equities analysts expect that WEX Inc. will post 14.09 EPS for the current fiscal year.

WEX 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.