Callan Family Office LLC Takes Position in WEX Inc. $WEX

Key Points

• Callan Family Office LLC initiated a WEX position by purchasing 6,016 shares worth approximately $849,000. Institutional investors collectively own 97.47% of the company.
• WEX reported quarterly adjusted earnings of $5.35 per share, beating estimates of $5.08, while revenue rose 14.2% year over year to $753.5 million. The company also authorized a $1 billion share repurchase program, covering up to 21.2% of outstanding shares.
• Analyst sentiment remains mixed, with six Buy ratings and eight Hold ratings producing an average “Hold” consensus and $183.30 price target. Meanwhile, insiders sold 9,858 shares worth about $1.66 million during the last quarter, and WEX shares opened at $203.43, near their 12-month high.

Callan Family Office LLC purchased a new stake in shares of WEX Inc. (NYSE:WEX - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,016 shares of the business services provider's stock, valued at approximately $849,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new stake in WEX in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new position in shares of WEX during the second quarter worth $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 in the last quarter. Root Financial Partners LLC lifted its stake in shares of WEX by 255.0% in the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider's stock valued at $54,000 after acquiring an additional 255 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of WEX by 225.4% in the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider's stock valued at $55,000 after acquiring an additional 257 shares during the last quarter. Institutional investors own 97.47% of the company's stock.

Insider Activity

In other news, COO Carlos Carriedo sold 1,075 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total value of $199,950.00. Following the sale, the chief operating officer directly owned 11,076 shares of the company's stock, valued at approximately $2,060,136. This represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ann Elena Drew sold 3,400 shares of WEX stock in a transaction 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 of the company's stock, valued at $1,406,047.76. This represents a 29.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,858 shares of company stock worth $1,662,835 over the last quarter. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen lowered WEX from a "buy" rating to a "hold" rating in a research report on Sunday, May 24th. Morgan Stanley increased their target price on WEX from $161.00 to $172.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Cantor Fitzgerald set a $178.00 price target on WEX in a research note on Monday, July 27th. Mizuho boosted their price target on WEX from $170.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on WEX from $180.00 to $160.00 and set a "hold" rating for the company in a research note on Friday, June 12th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $183.30.

WEX Stock Up 1.8%

Shares of WEX opened at $203.43 on Tuesday. The stock's 50-day moving average price is $165.69 and its two-hundred day moving average price is $157.71. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $203.99. The company has a market capitalization of $6.93 billion, a PE ratio of 20.26, a PEG ratio of 1.04 and a beta of 0.82. 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 (NYSE:WEX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating 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 company had revenue of $753.50 million during the quarter, compared to analysts' expectations of $740.72 million. During the same quarter in the prior year, the firm posted $3.95 earnings per share. The business's quarterly revenue was up 14.2% on a year-over-year basis. 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, analysts anticipate that WEX Inc. will post 17.11 EPS for the current year.

WEX announced that its board has approved a stock 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 reacquire up to 21.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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.

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