Syon Capital LLC Has $352,000 Stock Holdings in WEX Inc. $WEX

Syon Capital LLC decreased its position in WEX Inc. (NYSE:WEX) by 52.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,497 shares of the business services provider’s stock after selling 2,702 shares during the period. Syon Capital LLC’s holdings in WEX were worth $352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WEX. American Century Companies Inc. lifted its position in WEX by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 60 shares during the period. Eukles Asset Management boosted its stake in WEX by 2.8% in the fourth 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 during the last quarter. Nicolet Advisory Services LLC grew its holdings in WEX by 8.1% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock worth $214,000 after acquiring an additional 102 shares during the period. Public Employees Retirement System of Ohio grew its holdings in WEX by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider’s stock worth $1,748,000 after acquiring an additional 104 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of WEX by 2.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,280 shares of the business services provider’s stock valued at $961,000 after acquiring an additional 124 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

WEX Stock Down 0.7%

Shares of WEX stock opened at $185.97 on Thursday. The company has a market capitalization of $6.34 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average of $180.12 and a two-hundred day moving average of $160.77. WEX Inc. has a 1 year low of $125.29 and a 1 year high of $203.99.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share 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 for the quarter, compared to analysts’ expectations of $740.72 million. During the same quarter in the previous year, the business posted $3.95 EPS. WEX’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. As a group, equities analysts predict that WEX Inc. will post 17.11 EPS for the current year.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft decreased their target price on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research report on Friday, June 12th. Keefe, Bruyette & Woods increased 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. Finally, Mizuho lifted their price objective on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $183.30.

Insider Transactions at WEX

In related news, CEO Melissa D. Smith sold 28,109 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $190.09, for a total value of $5,343,239.81. Following the sale, the chief executive officer directly owned 126,625 shares of the company’s stock, valued at approximately $24,070,146.25. The trade was a 18.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ann Drew sold 3,400 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 7,988 shares of the company’s stock, valued at approximately $1,406,047.76. The trade was a 29.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 36,767 shares of company stock valued at $6,832,266. 1.40% of the stock is currently owned by insiders.

About WEX

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.