Neuberger Berman Group LLC Has $36.27 Million Stake in WEX Inc. $WEX

Neuberger Berman Group LLC reduced its stake in WEX Inc. (NYSE:WEX) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,270 shares of the business services provider’s stock after selling 8,867 shares during the period. Neuberger Berman Group LLC’s holdings in WEX were worth $36,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Lightrock Netherlands B.V. grew its holdings in shares of WEX by 19.7% during the 3rd quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock worth $6,900,000 after purchasing an additional 7,200 shares in the last quarter. Citigroup Inc. increased its position in shares of WEX by 103.8% in the third quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock worth $3,795,000 after purchasing an additional 12,266 shares during the period. Snyder Capital Management L P raised its stake in WEX by 13.6% in the third quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider’s stock valued at $27,635,000 after purchasing an additional 21,028 shares in the last quarter. Vanguard Group Inc. lifted its position in WEX by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock worth $513,903,000 after purchasing an additional 12,099 shares during the period. Finally, Intech Investment Management LLC lifted its position in WEX by 289.4% during the third quarter. Intech Investment Management LLC now owns 14,066 shares of the business services provider’s stock worth $2,216,000 after purchasing an additional 10,454 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analyst Ratings Changes

WEX has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Morgan Stanley set a $146.00 price target on shares of WEX in a report on Friday, February 6th. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a research report on Friday. Cantor Fitzgerald lifted their price objective on shares of WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $162.27.

Insider Activity at WEX

In related news, insider Sara Trickett sold 1,815 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $149.95, for a total value of $272,159.25. Following the completion of the transaction, the insider owned 2,137 shares of the company’s stock, valued at $320,443.15. This represents a 45.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Carlos Carriedo sold 1,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total transaction of $251,842.50. Following the completion of the sale, the chief operating officer owned 3,695 shares in the company, valued at $590,830.50. This represents a 29.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,154 shares of company stock worth $1,256,518 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

WEX Stock Performance

WEX stock opened at $167.24 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. The stock has a market cap of $5.74 billion, a PE ratio of 19.68, a P/E/G ratio of 1.28 and a beta of 0.97. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $180.71. The business’s 50-day moving average price is $156.22 and its two-hundred day moving average price is $156.39.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $3.90 by $0.21. WEX had a net margin of 11.43% and a return on equity of 48.01%. The firm had revenue of $672.90 million during the quarter, compared to analysts’ expectations of $660.89 million. During the same quarter in the prior year, the business earned $3.57 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, analysts expect that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

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.