35,308 Shares in WEX Inc. $WEX Acquired by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd acquired 35,308 WEX shares worth approximately $4.98 million in the second quarter, while institutional investors collectively owned 97.47% of the company.
• WEX exceeded quarterly expectations, reporting $5.35 in EPS and $753.5 million in revenue, with revenue up 14.2% year over year. The company issued third-quarter and full-year 2026 EPS guidance and authorized a $1 billion share-repurchase program.
• Analyst sentiment remains mixed: six analysts rate WEX a Buy and nine rate it Hold, producing a consensus Hold rating and an average price target of $185.64, below the cited share price of $190.07.

WINTON GROUP Ltd acquired a new stake in WEX Inc. (NYSE:WEX - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 35,308 shares of the business services provider's stock, valued at approximately $4,982,000. WINTON GROUP Ltd owned approximately 0.10% of WEX at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Engineers Gate Manager LP purchased a new stake in shares of WEX during the second quarter worth $1,378,000. Arizona State Retirement System grew its position in shares of WEX by 1.5% in the second quarter. Arizona State Retirement System now owns 9,087 shares of the business services provider's stock valued at $1,282,000 after purchasing an additional 135 shares in the last quarter. Nykredit A S bought a new stake in shares of WEX during the 2nd quarter valued at $190,000. Corient Private Wealth LP raised its stake in shares of WEX by 110.4% during the 2nd quarter. Corient Private Wealth LP now owns 29,984 shares of the business services provider's stock valued at $4,230,000 after purchasing an additional 15,733 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in WEX during the 2nd quarter worth about $3,953,000. Institutional investors own 97.47% of the company's stock.

WEX Price Performance

Shares of WEX stock opened at $190.07 on Friday. The firm has a market capitalization of $6.48 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 0.97 and a beta of 0.83. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $203.99. The business's 50-day moving average price is $180.99 and its 200-day moving average price is $161.01.

WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.27. The business had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.WEX's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Sell-side analysts forecast that WEX Inc. will post 17.11 EPS for the current fiscal year.

WEX declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Insider Transactions at WEX

In related news, insider Ann Drew sold 3,400 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $176.02, for a total transaction of $598,468.00. Following the transaction, the insider directly owned 7,988 shares in the company, valued at $1,406,047.76. This trade represents a 29.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert Deshaies sold 2,000 shares of WEX stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $148.40, for a total value of $296,800.00. Following the completion of the transaction, the chief operating officer directly owned 20,288 shares in the company, valued at $3,010,739.20. This trade represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 36,767 shares of company stock valued at $6,832,266. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on WEX. Cantor Fitzgerald set a $178.00 target price on WEX in a research note on Monday, July 27th. Evercore upgraded WEX to an "outperform" rating in a research report on Tuesday, July 21st. Mizuho raised their price objective on shares of WEX from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods boosted their price objective on shares of WEX from $200.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Finally, Weiss Ratings raised shares of WEX from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $185.64.

WEX Company Profile

WEX Inc NYSE: WEX is a global financial technology company that provides payment and expense-management solutions for businesses. Its offerings help organizations manage vehicle-related spending, corporate payments, travel expenses, and employee benefits through specialized payment products and digital platforms.

WEX's mobility business provides fleet payment cards, fuel and maintenance expense management, telematics-related tools, and other services for commercial fleets, trucking companies, government agencies, and transportation businesses.

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