Crossmark Global Holdings Inc. Increases Stake in WEX Inc. $WEX

Crossmark Global Holdings Inc. boosted its stake in WEX Inc. (NYSE:WEX) by 47.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,207 shares of the business services provider’s stock after buying an additional 9,410 shares during the period. Crossmark Global Holdings Inc.’s holdings in WEX were worth $4,351,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Turtle Creek Asset Management Inc. purchased a new position in shares of WEX during the 3rd quarter worth approximately $93,289,000. Goldman Sachs Group Inc. lifted its stake in shares of WEX by 158.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock valued at $55,097,000 after purchasing an additional 215,036 shares during the period. M&T Bank Corp bought a new stake in shares of WEX during the fourth quarter valued at approximately $28,129,000. UBS Group AG boosted its position in shares of WEX by 68.2% during the third quarter. UBS Group AG now owns 434,148 shares of the business services provider’s stock valued at $68,391,000 after purchasing an additional 176,042 shares in the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new stake in WEX in the third quarter worth $20,743,000. 97.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Cantor Fitzgerald increased their price objective on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Morgan Stanley boosted their target price on shares of WEX from $146.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Loop Capital assumed coverage on shares of WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 price target for the company. Finally, Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $169.27.

WEX Stock Down 0.2%

WEX stock opened at $141.38 on Monday. The business has a 50 day moving average of $158.07 and a 200 day moving average of $154.39. The firm has a market cap of $4.90 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.89 and a beta of 0.87. WEX Inc. has a twelve month low of $126.63 and a twelve month high of $186.85. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83.

WEX (NYSE:WEX) last released its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The business had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. During the same period in the previous year, the company posted $3.51 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, research analysts forecast that WEX Inc. will post 16.34 EPS for the current fiscal year.

Insider Transactions at WEX

In other WEX news, CAO Jennifer Kimball sold 715 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total transaction of $112,841.30. Following the completion of the sale, the chief accounting officer directly owned 6,203 shares in the company, valued at approximately $978,957.46. This trade represents a 10.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sara Trickett sold 1,815 shares of WEX stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $149.95, for a total transaction of $272,159.25. Following the completion of the transaction, the insider directly owned 2,137 shares of the company’s stock, valued at $320,443.15. This trade represents a 45.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,479 shares of company stock worth $2,454,914 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

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.