Hsbc Holdings PLC Sells 632,783 Shares of WEX Inc. $WEX

Hsbc Holdings PLC cut its stake in shares of WEX Inc. (NYSE:WEX) by 99.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,780 shares of the business services provider’s stock after selling 632,783 shares during the period. Hsbc Holdings PLC’s holdings in WEX were worth $845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position in WEX by 1.9% during the second 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. UMB Bank n.a. boosted its position in WEX by 22.1% in the second 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 during the last quarter. Inspire Investing LLC grew its stake in shares of WEX by 3.5% during the 1st quarter. Inspire Investing LLC now owns 2,588 shares of the business services provider’s stock valued at $406,000 after purchasing an additional 87 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of WEX by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 35,083 shares of the business services provider’s stock valued at $5,153,000 after purchasing an additional 110 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in shares of WEX by 50.7% in the 1st quarter. Brooklyn Investment Group now owns 422 shares of the business services provider’s stock worth $66,000 after purchasing an additional 142 shares during the period. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WEX shares. Wall Street Zen upgraded shares of WEX from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Bank of America upgraded shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Wednesday, October 22nd. Robert W. Baird upped their price objective on WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. UBS Group lowered their target price on WEX from $185.00 to $172.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, WEX presently has an average rating of “Hold” and a consensus target price of $172.92.

Insider Activity at WEX

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

WEX Stock Down 0.8%

Shares of WEX stock opened at $150.19 on Wednesday. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.05 and a quick ratio of 1.05. WEX Inc. has a one year low of $110.45 and a one year high of $188.70. The company’s fifty day moving average price is $150.17 and its 200-day moving average price is $155.34. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.21 and a beta of 1.03.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share (EPS) for the quarter, topping 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 business had revenue of $691.80 million during the quarter, compared to analyst estimates of $678.25 million. During the same quarter in the prior year, the business posted $4.35 EPS. WEX’s revenue for the quarter 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. Sell-side analysts expect that WEX Inc. will post 14.09 EPS for the current fiscal year.

WEX Company Profile

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.