Sei Investments Co. Increases Stock Holdings in WEX Inc. $WEX

Sei Investments Co. increased its position in WEX Inc. (NYSE:WEX) by 8.7% in the first quarter, Holdings Channel.com reports. The fund owned 597,600 shares of the business services provider’s stock after acquiring an additional 47,825 shares during the quarter. Sei Investments Co.’s holdings in WEX were worth $91,457,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in WEX during the 4th quarter worth approximately $25,000. First Horizon Corp lifted its stake in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 173 shares during the period. Root Financial Partners LLC grew its position in shares of WEX by 255.0% during the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 255 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of WEX by 225.4% during the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WEX shares. Keefe, Bruyette & Woods upped their price target on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Mizuho lifted their price target on WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Loop Capital began coverage on shares of WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 price objective on the stock. Finally, Evercore upgraded shares of WEX to an “outperform” rating in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $179.73.

Insider Buying and Selling at WEX

In other WEX news, Director James R. Groch bought 1,500 shares of WEX stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $142.95 per share, with a total value of $214,425.00. Following the acquisition, the director owned 17,957 shares in the company, valued at approximately $2,566,953.15. This trade represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following the completion of the sale, the chief operating officer directly owned 20,288 shares of the company’s stock, valued at $3,010,739.20. This represents a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is currently owned by company insiders.

WEX Price Performance

Shares of WEX stock opened at $176.56 on Friday. The firm has a market capitalization of $6.12 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.05 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 2.62. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $186.85. The business’s 50-day moving average price is $146.40 and its 200-day moving average price is $152.75.

WEX (NYSE:WEX) last released its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same quarter in the previous year, the company posted $3.95 EPS. WEX’s quarterly revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Sell-side analysts forecast that WEX Inc. will post 16.88 EPS for the current fiscal year.

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

WEX News Summary

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 2026 expectations on both revenue and earnings, with revenue up 14.2% year over year to $753.5 million and adjusted EPS rising to $5.35, helping support bullish investor sentiment. Article Title
• Positive Sentiment: The company raised full-year guidance, now targeting $2.86 billion to $2.90 billion in revenue and $19.68 to $20.08 in adjusted EPS, which signals management confidence in continued growth. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target on WEX to $210 from $200 and reiterated an outperform rating, implying additional upside from current levels. Article Title

WEX 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.