WEX Inc. $WEX Shares Purchased by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. boosted its holdings in shares of WEX Inc. (NYSE:WEX) by 19.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 43,800 shares of the business services provider’s stock after purchasing an additional 7,200 shares during the period. Lightrock Netherlands B.V.’s holdings in WEX were worth $6,900,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. increased its position in WEX by 52.2% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 22,682 shares of the business services provider’s stock valued at $3,573,000 after acquiring an additional 7,784 shares during the period. Norges Bank acquired a new stake in WEX during the 2nd quarter worth approximately $42,812,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of WEX in the 2nd quarter valued at approximately $338,000. Federated Hermes Inc. increased its holdings in shares of WEX by 6.6% in the second quarter. Federated Hermes Inc. now owns 402,123 shares of the business services provider’s stock valued at $59,068,000 after purchasing an additional 25,047 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in shares of WEX in the third quarter valued at approximately $712,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Price Performance

WEX stock opened at $159.92 on Friday. The company has a market cap of $5.48 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99. WEX Inc. has a one year low of $110.45 and a one year high of $188.70. The business has a fifty day moving average of $151.75 and a two-hundred day moving average of $158.14. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.05 and a current ratio of 1.05.

WEX (NYSE:WEX) last announced its quarterly 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 net margin of 10.81% and a return on equity of 45.10%. The business had revenue of $691.80 million during the quarter, compared to the consensus estimate of $678.25 million. During the same quarter last year, the firm posted $4.35 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. 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, analysts predict that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Insider Transactions at WEX

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

Wall Street Analysts Forecast Growth

WEX has been the subject of several recent research reports. Robert W. Baird increased their price target on WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Bank of America upgraded shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research note on Wednesday. Finally, UBS Group cut their price target on shares of WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $171.36.

WEX Company 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.