California State Teachers Retirement System Has $756.52 Million Stock Position in WEX Inc. $WEX

Key Points

• CalSTRS dramatically increased its WEX stake by 13,928.9% in the second quarter, acquiring 5.32 million additional shares and ending with a 15.73% position valued at $756.52 million. Institutional investors collectively own 97.47% of WEX.
• 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 2026 EPS guidance of $5.45–$5.65.
• Analyst sentiment remains mixed: WEX has a consensus “Hold” rating and an average price target of $185.64, while recent analysts raised some targets and insiders sold $6.83 million of shares over the past 90 days.

California State Teachers Retirement System lifted its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 13,928.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,361,984 shares of the business services provider's stock after acquiring an additional 5,323,763 shares during the period. California State Teachers Retirement System owned 15.73% of WEX worth $756,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new stake in shares of WEX during the fourth quarter worth about $25,000. Global Retirement Partners LLC acquired a new position in WEX during the 2nd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its stake in WEX by 368.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider's stock valued at $35,000 after purchasing an additional 173 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in WEX during the 2nd quarter worth approximately $41,000. Finally, Root Financial Partners LLC increased its holdings in WEX by 255.0% during the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider's stock worth $54,000 after purchasing an additional 255 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

WEX Price Performance

WEX opened at $191.22 on Monday. The firm has a 50-day moving average price of $181.89 and a 200-day moving average price of $161.28. WEX Inc. has a twelve month low of $125.29 and a twelve month high of $203.99. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.00 and a beta of 0.83.

WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, topping the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same quarter last year, the company earned $3.95 EPS. The firm's 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. Equities analysts expect that WEX Inc. will post 17.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price objective on WEX from $200.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Evercore raised shares of WEX to an "outperform" rating in a research report on Tuesday, July 21st. Piper Sandler initiated coverage on shares of WEX in a research report on Thursday. They issued a "neutral" rating and a $209.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of WEX from $180.00 to $160.00 and set a "hold" rating for the company in a research note on Friday, June 12th. Finally, 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 report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, WEX currently has a consensus rating of "Hold" and an average price target of $185.64.

Insider Transactions at WEX

In related news, insider Ann Drew sold 3,400 shares of the company'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 completion of the transaction, the insider owned 7,988 shares in the company, valued at $1,406,047.76. This represents a 29.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert Deshaies sold 2,000 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following the completion of the transaction, the chief operating officer directly owned 20,288 shares of the company's stock, valued at approximately $3,010,739.20. The trade was a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

About WEX

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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