WEX Inc. $WEX Shares Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC grew its holdings in shares of WEX Inc. (NYSE:WEX) by 3.5% during the first quarter, HoldingsChannel reports. The firm owned 180,314 shares of the business services provider’s stock after purchasing an additional 6,176 shares during the quarter. WEX accounts for approximately 1.5% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 16th largest holding. Rice Hall James & Associates LLC’s holdings in WEX were worth $27,595,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in shares of WEX in the fourth quarter valued at $25,000. First Horizon Corp lifted its position in WEX by 65.7% during the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after buying an additional 94 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after buying an additional 173 shares during the period. Root Financial Partners LLC boosted its stake in WEX by 255.0% in the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after buying an additional 255 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in WEX by 225.4% in the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after buying an additional 257 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Insider Buying and Selling

In related news, COO Robert Joseph Deshaies sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $148.40, for a total value of $296,800.00. Following the transaction, the chief operating officer owned 20,288 shares in the company, valued at approximately $3,010,739.20. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch purchased 1,500 shares of WEX stock in a transaction on Monday, May 18th. The shares were acquired at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the transaction, the director owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This represents a 9.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on WEX shares. Evercore raised shares of WEX to an “outperform” rating in a research note on Tuesday. 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 boosted their target price on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Keefe, Bruyette & Woods upped their price target on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, WEX currently has an average rating of “Hold” and a consensus price target of $179.73.

WEX Price Performance

WEX stock opened at $176.56 on Friday. The company has a market cap of $6.12 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 2.62. The stock has a 50-day moving average price of $146.40 and a two-hundred day moving average price of $152.75. WEX Inc. has a 12-month low of $125.29 and a 12-month high of $186.85.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The company had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, research analysts predict that WEX Inc. will post 16.88 EPS for the current year.

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

Key Stories Impacting WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 2026 expectations on both revenue and earnings, with revenue up 14.2% year over year to $753.5 million and adjusted EPS rising to $5.35, helping support bullish investor sentiment. Article Title
• Positive Sentiment: The company raised full-year guidance, now targeting $2.86 billion to $2.90 billion in revenue and $19.68 to $20.08 in adjusted EPS, which signals management confidence in continued growth. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target on WEX to $210 from $200 and reiterated an outperform rating, implying additional upside from current levels. Article Title

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.