WINTON GROUP Ltd Acquires Shares of 35,308 WEX Inc. $WEX

WINTON GROUP Ltd acquired a new stake in shares of WEX Inc. (NYSE:WEX) in the 2nd quarter, HoldingsChannel reports. The fund acquired 35,308 shares of the business services provider’s stock, valued at approximately $4,982,000.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of WEX by 158.3% in the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after purchasing an additional 215,036 shares during the last quarter. Empowered Funds LLC bought a new position in WEX during the 1st quarter valued at approximately $394,000. American Century Companies Inc. lifted its holdings in WEX by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after buying an additional 60 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in WEX by 4,837.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after buying an additional 387 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in shares of WEX in the 2nd quarter worth approximately $271,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at WEX

In other WEX news, COO Robert Deshaies sold 2,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $148.40, for a total value of $296,800.00. Following the sale, the chief operating officer owned 20,288 shares in the company, valued at approximately $3,010,739.20. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Melissa D. Smith sold 28,109 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $190.09, for a total transaction of $5,343,239.81. Following the transaction, the chief executive officer directly owned 126,625 shares of the company’s stock, valued at $24,070,146.25. This represents a 18.17% decrease in their position. 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. Insiders sold a total of 36,767 shares of company stock worth $6,832,266 over the last 90 days. 1.40% of the stock is currently owned by insiders.

WEX Price Performance

WEX opened at $190.07 on Friday. The stock has a fifty day simple moving average of $180.99 and a two-hundred day simple moving average of $161.01. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 0.97 and a beta of 0.83. WEX Inc. has a 12-month low of $125.29 and a 12-month high of $203.99.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. During the same quarter last year, the firm posted $3.95 earnings per share. The company’s revenue for the quarter 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 predict that WEX Inc. will post 17.11 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WEX shares. Weiss Ratings raised WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods raised their price target on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Morgan Stanley lifted their price target on shares of WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Mizuho boosted their price objective on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Six 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.com, the stock presently has an average rating of “Hold” and an average price target of $185.64.

About WEX

WEX Inc (NYSE: WEX) is a global financial technology company that provides payment and expense-management solutions for businesses. Its offerings help organizations manage vehicle-related spending, corporate payments, travel expenses, and employee benefits through specialized payment products and digital platforms.

WEX’s mobility business provides fleet payment cards, fuel and maintenance expense management, telematics-related tools, and other services for commercial fleets, trucking companies, government agencies, and transportation businesses.