EP Wealth Advisors LLC Invests $396,000 in WEX Inc. $WEX

EP Wealth Advisors LLC bought a new position in WEX Inc. (NYSE:WEX) during the second quarter, HoldingsChannel reports. The firm bought 2,810 shares of the business services provider’s stock, valued at approximately $396,000.

Several other hedge funds have also bought and sold shares of the business. Los Angeles Capital Management LLC bought a new stake in shares of WEX during the fourth quarter worth about $25,000. Global Retirement Partners LLC bought a new position in shares of WEX in the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its position in shares of WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of WEX by 255.0% during the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock valued at $54,000 after buying an additional 255 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in WEX by 225.4% during the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analyst Upgrades and Downgrades

WEX has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Cantor Fitzgerald set a $178.00 target price on WEX in a research note on Monday, July 27th. Finally, 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, July 24th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $183.30.

Insider Buying and Selling at WEX

In related news, COO Carlos Carriedo sold 1,075 shares of WEX stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total transaction of $199,950.00. Following the completion of the transaction, the chief operating officer directly owned 11,076 shares of the company’s stock, valued at $2,060,136. This trade represents a 8.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following the sale, the chief operating officer directly owned 20,288 shares in the company, valued at $3,010,739.20. The trade was a 8.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,858 shares of company stock valued at $1,662,835 in the last quarter. 1.40% of the stock is owned by insiders.

WEX Stock Performance

WEX stock opened at $199.74 on Wednesday. The company has a market capitalization of $6.81 billion, a PE ratio of 19.89, a P/E/G ratio of 1.06 and a beta of 0.82. WEX Inc. has a twelve month low of $125.29 and a twelve month high of $203.99. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62. The firm has a fifty day simple moving average of $167.06 and a two-hundred day simple moving average of $158.07.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The company had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same period in the prior year, the firm earned $3.95 earnings per share. WEX’s revenue was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Research analysts expect that WEX Inc. will post 17.11 EPS for the current year.

WEX announced that its board has approved a share buyback plan on Thursday, May 14th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

WEX Company 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.