Neuberger Berman Group LLC Lowers Position in WEX Inc. $WEX

Neuberger Berman Group LLC lowered its stake in shares of WEX Inc. (NYSE:WEX) by 13.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,137 shares of the business services provider’s stock after selling 37,841 shares during the period. Neuberger Berman Group LLC owned approximately 0.70% of WEX worth $35,127,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of WEX by 282.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 214 shares of the business services provider’s stock worth $31,000 after buying an additional 158 shares during the period. Quarry LP purchased a new position in shares of WEX in the 1st quarter worth about $44,000. SVB Wealth LLC acquired a new position in shares of WEX in the 1st quarter valued at about $49,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of WEX during the 2nd quarter worth about $54,000. Finally, UMB Bank n.a. increased its position in WEX by 22.1% during the 2nd quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock worth $55,000 after purchasing an additional 68 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

WEX Trading Down 0.7%

NYSE:WEX opened at $153.54 on Friday. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. WEX Inc. has a one year low of $110.45 and a one year high of $188.70. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50-day simple moving average is $149.85 and its 200 day simple moving average is $155.59.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.14. WEX had a return on equity of 45.10% and a net margin of 10.81%.The company had revenue of $691.80 million for the quarter, compared to analyst estimates of $678.25 million. During the same period in the prior year, the company posted $4.35 EPS. WEX’s quarterly revenue was up 4.0% on a year-over-year basis. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. As a group, sell-side analysts predict that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on WEX. Zacks Research lowered shares of WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. UBS Group reduced their price objective on WEX from $185.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Robert W. Baird increased their target price on WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Bank of America upgraded WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price on the stock in a report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded WEX from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $172.92.

Insider Transactions at WEX

In related news, Director Stephen Montgomery Smith purchased 1,000 shares of WEX stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price of $144.25 per share, with a total value of $144,250.00. Following the completion of the transaction, the director owned 7,971 shares of the company’s stock, valued at approximately $1,149,816.75. This trade represents a 14.35% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert Joseph Deshaies sold 1,506 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total value of $225,327.72. Following the completion of the sale, the chief operating officer directly owned 15,699 shares of the company’s stock, valued at approximately $2,348,884.38. This represents a 8.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.