Incline Global Management LLC Has $13.61 Million Stock Position in WEX Inc. $WEX

Incline Global Management LLC lessened its stake in WEX Inc. (NYSE:WEX) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,384 shares of the business services provider’s stock after selling 7,633 shares during the period. WEX accounts for 4.7% of Incline Global Management LLC’s portfolio, making the stock its 9th largest holding. Incline Global Management LLC’s holdings in WEX were worth $13,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in WEX by 0.4% in the 3rd 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 last quarter. Boston Partners raised its position in WEX by 13.7% in the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock worth $215,955,000 after purchasing an additional 174,079 shares during the last quarter. Earnest Partners LLC raised its position in WEX by 1.1% in the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after purchasing an additional 10,027 shares during the last quarter. AQR Capital Management LLC raised its position in shares of WEX by 794.0% during the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock valued at $132,563,000 after acquiring an additional 790,271 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of WEX by 8.6% during the 3rd quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock valued at $138,474,000 after acquiring an additional 69,375 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on WEX shares. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Robert W. Baird upped their target price on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research report on Monday, April 20th. Loop Capital started coverage on shares of WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 target price for the company. Finally, Morgan Stanley upped their target price on shares of WEX from $146.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $173.70.

WEX Price Performance

WEX opened at $126.73 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX Inc. has a 12 month low of $125.63 and a 12 month high of $186.85. The company has a fifty day simple moving average of $149.95 and a 200 day simple moving average of $153.13. The stock has a market cap of $4.39 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.82 and a beta of 0.85.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The business had revenue of $673.80 million during the quarter, compared to analysts’ expectations of $660.96 million. During the same quarter in the prior year, the company earned $3.51 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, research analysts expect that WEX Inc. will post 16.49 EPS for the current year.

WEX declared that its Board of Directors has authorized a share buyback program on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $175.00, for a total value of $612,500.00. Following the completion of the transaction, the chief operating officer directly owned 22,872 shares of the company’s stock, valued at approximately $4,002,600. This represents a 13.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch bought 1,500 shares of WEX stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $142.95 per share, with a total value of $214,425.00. Following the completion of the purchase, the director owned 17,957 shares in the company, valued at approximately $2,566,953.15. This trade represents a 9.11% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 8,200 shares of company stock valued at $1,318,798. Company insiders own 1.40% of the company’s stock.

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.