Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Decreases Holdings in WEX Inc. $WEX

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in WEX Inc. (NYSE:WEX) by 38.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,427 shares of the business services provider’s stock after selling 292,811 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in WEX were worth $76,097,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in WEX by 282.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 214 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 158 shares during the last quarter. Steph & Co. acquired a new stake in WEX in the 3rd quarter valued at about $35,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in WEX during the 2nd quarter valued at about $54,000. UMB Bank n.a. raised its position in WEX by 22.1% during the second quarter. UMB Bank n.a. now owns 376 shares of the business services provider’s stock worth $55,000 after acquiring an additional 68 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of WEX by 4,837.5% in the second quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 387 shares in the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at WEX

In other news, Director Stephen Montgomery Smith purchased 1,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of $144.25 per share, with a total value of $144,250.00. Following the acquisition, the director owned 7,971 shares in the company, valued at approximately $1,149,816.75. This trade represents a 14.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the transaction, the chief accounting officer owned 3,671 shares in the company, valued at $555,789.40. This represents a 11.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.40% of the company’s stock.

WEX Price Performance

WEX stock opened at $161.68 on Monday. The firm has a market cap of $5.54 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 1.17 and a beta of 0.99. 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 Inc. has a 1 year low of $110.45 and a 1 year high of $188.70. The stock has a 50-day simple moving average of $149.06 and a 200-day simple moving average of $157.58.

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

Wall Street Analysts Forecast Growth

WEX has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Wall Street Zen raised WEX from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Robert W. Baird boosted 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. Zacks Research lowered WEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $172.92.

WEX 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.