Rhumbline Advisers Sells 7,538 Shares of WEX Inc. $WEX

Rhumbline Advisers cut its holdings in WEX Inc. (NYSE:WEX) by 6.6% in the second quarter, Holdings Channel.com reports. The fund owned 107,403 shares of the business services provider’s stock after selling 7,538 shares during the quarter. Rhumbline Advisers’ holdings in WEX were worth $15,776,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WEX. Boston Partners acquired a new position in shares of WEX during the 2nd quarter worth $186,980,000. JPMorgan Chase & Co. boosted its holdings in WEX by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 1,085,795 shares of the business services provider’s stock worth $159,494,000 after purchasing an additional 17,691 shares in the last quarter. Earnest Partners LLC increased its position in WEX by 2.6% during the first quarter. Earnest Partners LLC now owns 895,406 shares of the business services provider’s stock worth $140,597,000 after buying an additional 22,672 shares during the last quarter. Lyrical Asset Management LP raised its holdings in WEX by 0.3% during the first quarter. Lyrical Asset Management LP now owns 826,188 shares of the business services provider’s stock valued at $129,728,000 after buying an additional 2,754 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in WEX by 20,412.8% during the first quarter. Hsbc Holdings PLC now owns 638,563 shares of the business services provider’s stock valued at $99,069,000 after buying an additional 635,450 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Stephen Montgomery Smith acquired 1,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average price of $144.25 per share, for a total transaction of $144,250.00. Following the acquisition, the director owned 7,971 shares in the company, valued at $1,149,816.75. This trade represents a 14.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

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 report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on WEX from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Zacks Research lowered shares of WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.92.

WEX Stock Performance

Shares of NYSE WEX opened at $148.36 on Friday. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $191.43. The company has a market cap of $5.09 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.34 and a beta of 1.24. The business’s 50 day moving average is $151.62 and its two-hundred day moving average is $154.56. 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 announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company posted $4.35 earnings per share. WEX’s quarterly revenue 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. On average, equities analysts expect that WEX Inc. will post 14.09 EPS for the current 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.