WEX Inc. $WEX Shares Sold by California State Teachers Retirement System

Key Points

• Institutional ownership remains high: California State Teachers Retirement System trimmed its WEX stake by 0.6% to 38,004 shares, while institutional investors and hedge funds collectively own 97.47% of the company.
• WEX reported strong quarterly results: The company earned $5.35 per share, exceeding estimates of $5.08, while revenue rose 14.2% year over year to $753.5 million. Management issued third-quarter 2026 EPS guidance of $5.45–$5.65.
• Shares reached near-record levels amid mixed analyst sentiment: WEX stock rose 1.2% to $203.21, near its 52-week high of $203.99. Analysts’ consensus rating is “Hold,” with an average price target of $185.64, despite recent target increases from Keefe, Bruyette & Woods and Mizuho.

California State Teachers Retirement System reduced its stake in WEX Inc. (NYSE:WEX - Free Report) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,004 shares of the business services provider's stock after selling 217 shares during the quarter. California State Teachers Retirement System owned 0.11% of WEX worth $5,361,984 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WEX. Jupiter Topco LLC purchased a new position in shares of WEX in the 2nd quarter worth $559,710,000. Janus Henderson Group PLC increased its position in shares of WEX by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider's stock valued at $599,313,000 after purchasing an additional 44,031 shares during the period. BlackRock Inc. bought a new position in shares of WEX in the second quarter worth about $446,833,000. Bank of America Corp DE increased its position in shares of WEX by 13.6% in the 1st quarter. Bank of America Corp DE now owns 823,681 shares of the business services provider's stock valued at $126,056,000 after buying an additional 98,524 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. increased its stake in shares of WEX by 58.5% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider's stock worth $102,435,000 after purchasing an additional 246,923 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company's stock.

Insider Buying and Selling at WEX

In related news, COO Robert Deshaies sold 1,000 shares of the business's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $184.95, for a total transaction of $184,950.00. Following the completion of the transaction, the chief operating officer directly owned 19,288 shares in the company, valued at $3,567,315.60. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ann Drew sold 3,400 shares of WEX stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.02, for a total transaction of $598,468.00. Following the sale, the insider owned 7,988 shares of the company's stock, valued at approximately $1,406,047.76. This represents a 29.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 36,767 shares of company stock valued at $6,832,266. 1.40% of the stock is currently owned by corporate insiders.

WEX Stock Up 1.2%

Shares of WEX traded up $2.46 on Tuesday, hitting $203.21. The company's stock had a trading volume of 225,508 shares, compared to its average volume of 569,095. The firm's fifty day moving average price is $182.90 and its 200-day moving average price is $161.64. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.00 and a beta of 0.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62. WEX Inc. has a fifty-two week low of $125.29 and a fifty-two week high of $203.99.

WEX (NYSE:WEX - Get Free Report) last released its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The company had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same quarter in the previous year, the company earned $3.95 EPS. WEX's quarterly revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, equities research analysts expect that WEX Inc. will post 17.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of WEX from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Weiss Ratings upgraded WEX from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Piper Sandler initiated coverage on shares of WEX in a research report on Thursday. They set a "neutral" rating and a $209.00 target price for the company. Mizuho lifted their target price on shares of WEX from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Finally, Wall Street Zen cut shares of WEX from a "buy" rating to a "hold" rating in a report on Sunday, May 24th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, WEX presently has a consensus rating of "Hold" and a consensus target price of $185.64.

WEX 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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