Public Employees Retirement System of Ohio Purchases 2,865 Shares of WEX Inc. $WEX

Public Employees Retirement System of Ohio raised its position in shares of WEX Inc. (NYSE:WEX) by 17.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,579 shares of the business services provider’s stock after purchasing an additional 2,865 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of WEX worth $2,996,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Par Capital Management Inc. raised its position in shares of WEX by 21.6% during the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after purchasing an additional 400,500 shares during the period. Boston Partners lifted its stake in shares of WEX by 13.7% during the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock valued at $215,955,000 after buying an additional 174,079 shares in the last quarter. AQR Capital Management LLC boosted its holdings in WEX by 794.0% in the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after buying an additional 790,271 shares during the period. Bank of America Corp DE increased its stake in WEX by 8.6% in the 3rd quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock worth $138,474,000 after buying an additional 69,375 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in WEX by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 687,655 shares of the business services provider’s stock worth $102,454,000 after buying an additional 44,842 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors.

Insider Transactions at WEX

In other news, Director James R. Groch purchased 1,500 shares of the business’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $142.95 per share, for a total transaction of $214,425.00. Following the acquisition, the director directly owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This represents a 9.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ann Elena Drew sold 3,400 shares of WEX stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $176.02, for a total value of $598,468.00. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,783 shares of company stock valued at $1,462,885 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

WEX has been the topic of several research analyst reports. Robert W. Baird boosted their price objective on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Morgan Stanley increased their target price on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Weiss Ratings downgraded WEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods boosted their price target on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, Loop Capital started coverage on WEX in a research note on Monday, April 27th. They issued a “buy” rating and a $195.00 price target for the company. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $183.30.

WEX Stock Up 0.3%

Shares of WEX stock opened at $187.04 on Friday. The company’s fifty day simple moving average is $150.32 and its two-hundred day simple moving average is $153.76. WEX Inc. has a 52 week low of $125.29 and a 52 week high of $191.38. The stock has a market cap of $6.37 billion, a P/E ratio of 18.63, a PEG ratio of 1.03 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating 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 firm had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. During the same quarter last year, the business posted $3.95 earnings per share. The business’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. Analysts predict that WEX Inc. will post 17.12 EPS for the current fiscal year.

WEX announced that its Board of Directors has authorized a stock repurchase 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 usually a sign that the company’s board believes its stock is undervalued.

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.