Coppell Advisory Solutions LLC Acquires Shares of 5,986 WEX Inc. $WEX

Key Points

• Coppell Advisory Solutions acquired 5,986 WEX shares worth approximately $845,000, while institutional investors collectively own 97.47% of the company.
• WEX reported quarterly earnings of $5.35 per share, beating expectations, while revenue rose 14.2% year over year to $753.5 million. The company also authorized a $1 billion share-repurchase program.
• WEX shares opened at $193.21, near their 52-week high, but analysts maintain a consensus “Hold” rating with an average price target of $183.30; insiders have sold 8,658 shares over the past 90 days.

Coppell Advisory Solutions LLC bought a new position in WEX Inc. (NYSE:WEX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,986 shares of the business services provider's stock, valued at approximately $845,000.

Other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in WEX during the fourth quarter valued at $25,000. Global Retirement Partners LLC purchased a new position in shares of WEX in the 2nd quarter worth $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of WEX by 368.1% in the 3rd 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 during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of WEX in the 2nd quarter worth about $41,000. Finally, Root Financial Partners LLC raised its position in shares of WEX by 255.0% during the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider's stock valued at $54,000 after buying an additional 255 shares in the last quarter. Institutional investors own 97.47% of the company's stock.

WEX Stock Up 2.4%

Shares of NYSE WEX opened at $193.21 on Thursday. The stock has a 50 day moving average price of $174.85 and a 200 day moving average price of $159.56. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 0.98 and a beta of 0.83. WEX Inc. has a 52-week low of $125.29 and a 52-week high of $203.99. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04.

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 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 analysts' expectations of $740.72 million. During the same period in the prior year, the business earned $3.95 EPS. The business's revenue for the quarter 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. Sell-side analysts expect that WEX Inc. will post 17.11 earnings per share for the current year.

WEX announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to repurchase up to 21.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at WEX

In related news, insider Ann Elena Drew sold 3,400 shares of the business's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $176.02, for a total value of $598,468.00. Following the completion of the transaction, the insider owned 7,988 shares of the company's stock, valued at $1,406,047.76. The trade was a 29.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Robert Joseph Deshaies sold 2,000 shares of the business's stock in a transaction 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 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 8,658 shares of company stock worth $1,489,027. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WEX has been the topic of a number of recent research reports. Weiss Ratings upgraded WEX from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. Evercore upgraded shares of WEX to an "outperform" rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of WEX from $180.00 to $160.00 and set a "hold" rating on the stock in a research note on Friday, June 12th. Morgan Stanley lifted their price target on shares of WEX from $161.00 to $172.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. Finally, Cantor Fitzgerald set a $178.00 price target on shares of WEX in a report on Monday, July 27th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $183.30.

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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