WEX Inc. $WEX Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in WEX Inc. (NYSE:WEX) by 111.8% in the first quarter, Holdings Channel.com reports. The firm owned 212,873 shares of the business services provider’s stock after purchasing an additional 112,378 shares during the period. Quantinno Capital Management LP’s holdings in WEX were worth $32,578,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in WEX by 158.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after buying an additional 215,036 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of WEX during the 1st quarter valued at about $394,000. American Century Companies Inc. increased its stake in shares of 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 acquiring an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of WEX by 4,837.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after acquiring an additional 387 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new position in shares of WEX during the 2nd quarter worth about $271,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

More WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: SecureFuel expands WEX’s commercial-fleet technology offering. WEX introduced SecureFuel, an AI-powered fraud-prevention capability that analyzes fleet-card transactions and real-time vehicle data to identify and block potentially unauthorized fuel purchases before approval. The product could improve customer value, reduce fraud-related losses and support adoption of WEX’s fleet platform. WEX Introduces SecureFuel AI-Powered Fraud Prevention for Commercial Fleets
• Positive Sentiment: Recent earnings exceeded expectations. WEX reported second-quarter revenue of $753.5 million, up 14.2% year over year, and earnings per share of $5.35, topping the $5.08 analyst consensus. Management guided to third-quarter EPS of $5.45–$5.65 and full-year EPS of $19.68–$20.08, indicating continued earnings growth.
• Positive Sentiment: Share repurchase authorization provides potential support. WEX’s board previously approved a $1 billion buyback program, authorizing repurchases of up to approximately 21.2% of outstanding shares. Repurchases could support per-share earnings and signal management’s confidence in the company’s valuation.
• Neutral Sentiment: Investor communication is scheduled. CFO Jagtar Narula will participate in Bank of America’s SMID Cap Executive Insights Event on August 11. The event could offer updates on demand, guidance and SecureFuel adoption, but it is not an immediate earnings catalyst. WEX to Participate in the Bank of America 2026 SMID Cap Executive Insights Event
• Negative Sentiment: Multiple executives recently reduced their holdings. Chief Risk and Compliance Officer Ann Elena Drew sold 3,400 shares for approximately $598,468, reducing her position by about 29.9%. Chief Accounting Officer Jennifer Kimball sold 1,183 shares worth approximately $208,859, cutting her holdings by 19.4%. Over the past six months, reported open-market activity included 24 insider sales and only one purchase, which may weigh on sentiment even though sales can reflect personal financial planning. WEX CAO Sells 1,183 Shares of Stock

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WEX shares. Loop Capital assumed coverage on shares of WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price on the stock. Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Evercore raised shares of WEX to an “outperform” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Finally, Keefe, Bruyette & Woods upped their price objective on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $183.30.

Insider Buying and Selling at WEX

In other news, insider Ann Elena Drew sold 3,400 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.02, for a total value of $598,468.00. Following the completion of the sale, the insider owned 7,988 shares of the company’s stock, valued at $1,406,047.76. This represents a 29.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.55, for a total transaction of $208,858.65. Following the completion of the transaction, the chief accounting officer directly owned 4,916 shares in the company, valued at approximately $867,919.80. This represents a 19.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,783 shares of company stock valued at $1,277,935 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

WEX Stock Performance

NYSE WEX opened at $185.67 on Friday. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. WEX Inc. has a 1-year low of $125.29 and a 1-year high of $191.38. The firm has a market capitalization of $6.33 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.05 and a beta of 0.85. The business’s 50-day simple moving average is $149.59 and its 200-day simple moving average is $153.53.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The firm had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same quarter in the prior year, the company earned $3.95 EPS. The company’s revenue 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. Equities analysts predict that WEX Inc. will post 17.12 EPS for the current year.

WEX declared that its board has approved a stock repurchase plan 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 repurchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.