Dockside LLC Buys Shares of 4,276 WEX Inc. $WEX

Dockside LLC bought a new position in shares of WEX Inc. (NYSE:WEX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,276 shares of the business services provider’s stock, valued at approximately $603,000.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. increased its stake 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 valued at $471,000 after buying an additional 60 shares during the last quarter. First Horizon Corp boosted its stake in shares of WEX by 65.7% during the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after buying an additional 94 shares during the last quarter. Eukles Asset Management grew its holdings in shares of WEX by 2.8% in the 4th quarter. Eukles Asset Management now owns 3,429 shares of the business services provider’s stock valued at $511,000 after acquiring an additional 95 shares in the last quarter. Nicolet Advisory Services LLC grew its holdings in shares of WEX by 8.1% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 102 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of WEX by 0.9% in the third quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider’s stock valued at $1,748,000 after acquiring an additional 104 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Ann Elena Drew sold 3,400 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $176.02, for a total transaction of $598,468.00. Following the transaction, the insider owned 7,988 shares in the company, valued at approximately $1,406,047.76. This trade represents a 29.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Groch purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of $142.95 per share, with a total value of $214,425.00. Following the completion of the acquisition, the director owned 17,957 shares in the company, valued at $2,566,953.15. The trade was a 9.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 9,858 shares of company stock valued at $1,662,835 in the last ninety days. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WEX shares. Mizuho increased 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. Deutsche Bank Aktiengesellschaft lowered their price target on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research report on Friday, June 12th. Morgan Stanley increased their price objective on WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Evercore raised shares of WEX to an “outperform” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $183.30.

WEX Stock Performance

NYSE WEX opened at $191.62 on Friday. The stock has a market cap of $6.53 billion, a PE ratio of 19.09, a P/E/G ratio of 1.04 and a beta of 0.82. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50-day moving average of $158.88 and a 200-day moving average of $155.92. WEX Inc. has a 52-week low of $125.29 and a 52-week high of $199.69.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. The business had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. WEX’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, sell-side analysts anticipate that WEX Inc. will post 17.12 EPS for the current year.

WEX declared that its board has approved a share repurchase program on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are 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.