Burney Co. Sells 14,651 Shares of WEX Inc. $WEX

Key Points

• Burney Co. cut its stake by 86.2%, selling 14,651 shares and leaving it with 2,344 shares of WEX valued at about $349,000; institutional investors now own roughly 97.47% of the stock.
• WEX beat quarterly expectations and set upbeat guidance: Q EPS $4.11 vs. $3.90 expected and revenue $672.9M vs. $660.9M, with FY2026 EPS guidance of $17.25–$17.85 and Q1 guidance of $3.80–$4.00.
• Notable insider selling: two COOs sold 3,500 and 3,238 shares at about $152.14 and $150.22 respectively, with insiders offloading 11,979 shares (~$1.84M) over the past three months (insider ownership 1.40%).

Burney Co. cut its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 86.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,344 shares of the business services provider's stock after selling 14,651 shares during the period. Burney Co.'s holdings in WEX were worth $349,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Choreo LLC increased its position in shares of WEX by 3.8% in the fourth quarter. Choreo LLC now owns 3,003 shares of the business services provider's stock worth $454,000 after purchasing an additional 109 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of WEX by 26.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 11,849 shares of the business services provider's stock worth $1,765,000 after purchasing an additional 2,447 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of WEX by 19.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 6,156 shares of the business services provider's stock worth $917,000 after purchasing an additional 1,003 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of WEX in the fourth quarter worth approximately $245,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of WEX in the fourth quarter worth approximately $525,000. 97.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WEX has been the topic of several research analyst reports. Raymond James Financial restated a "market perform" rating on shares of WEX in a research report on Friday, March 6th. Cantor Fitzgerald upped their price objective on shares of WEX from $158.00 to $166.00 and gave the stock a "neutral" rating in a research report on Monday, February 9th. UBS Group set a $165.00 price objective on shares of WEX and gave the stock a "neutral" rating in a research report on Friday, February 6th. Mizuho decreased their price objective on shares of WEX from $180.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, February 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of WEX in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $162.27.

Insider Buying and Selling at WEX

In other WEX news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $152.14, for a total transaction of $532,490.00. Following the transaction, the chief operating officer directly owned 26,372 shares in the company, valued at $4,012,236.08. This trade represents a 11.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Joseph Deshaies sold 3,238 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $150.22, for a total transaction of $486,412.36. Following the transaction, the chief operating officer owned 14,859 shares in the company, valued at $2,232,118.98. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 11,979 shares of company stock valued at $1,842,414. 1.40% of the stock is currently owned by corporate insiders.

WEX Stock Up 2.0%

Shares of NYSE WEX opened at $171.27 on Thursday. WEX Inc. has a one year low of $118.67 and a one year high of $180.71. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05. The firm's 50 day simple moving average is $157.25 and its two-hundred day simple moving average is $153.95. The stock has a market capitalization of $5.94 billion, a P/E ratio of 20.15, a PEG ratio of 1.35 and a beta of 0.93.

WEX (NYSE:WEX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating 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 business had revenue of $672.90 million for the quarter, compared to analysts' expectations of $660.89 million. During the same period last year, the business earned $3.57 earnings per share. The business's quarterly revenue was up 5.7% on a year-over-year basis. 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 EPS for the current fiscal year.

About WEX

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.

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