Crossmark Global Holdings Inc. Raises Stock Holdings in WEX Inc. $WEX

Key Points

• Crossmark Global Holdings increased its stake in WEX by 1,289.3% in Q3, buying an additional 18,372 shares to hold 19,797 shares worth about $3.12 million (≈0.06% of WEX).
• WEX reported an earnings beat with $4.11 EPS vs. $3.90 expected and revenue of $672.9M (above estimates), and set FY2026 guidance of EPS 17.25–17.85 and Q1 2026 guidance of 3.80–4.00.
• Institutional ownership is very high at 97.47% (Vanguard owns ~3.26M shares), while insiders sold 8,154 shares in the last 90 days; analysts’ consensus is a “Hold” with an average price target of $162.27.

Crossmark Global Holdings Inc. boosted its holdings in shares of WEX Inc. (NYSE:WEX - Free Report) by 1,289.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,797 shares of the business services provider's stock after purchasing an additional 18,372 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.06% of WEX worth $3,119,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of WEX by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider's stock worth $513,903,000 after buying an additional 12,099 shares in the last quarter. Boston Partners acquired a new stake in WEX in the second quarter valued at $187,102,000. JPMorgan Chase & Co. boosted its stake in WEX by 1.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,085,795 shares of the business services provider's stock valued at $159,494,000 after acquiring an additional 17,691 shares during the last quarter. Bank of America Corp DE grew its holdings in WEX by 10.2% during the 2nd quarter. Bank of America Corp DE now owns 809,658 shares of the business services provider's stock worth $118,931,000 after acquiring an additional 75,003 shares in the last quarter. Finally, River Road Asset Management LLC grew its holdings in WEX by 20.9% during the 2nd quarter. River Road Asset Management LLC now owns 797,871 shares of the business services provider's stock worth $117,199,000 after acquiring an additional 137,673 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Trading Up 0.7%

WEX stock opened at $167.24 on Friday. The firm's 50-day moving average is $156.22 and its 200-day moving average is $156.29. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.05 and a current ratio of 1.05. WEX Inc. has a 1 year low of $110.45 and a 1 year high of $180.71. The company has a market cap of $5.74 billion, a P/E ratio of 19.68, a PEG ratio of 1.29 and a beta of 0.97.

WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating the consensus estimate of $3.90 by $0.21. The business had revenue of $672.90 million during the quarter, compared to analyst estimates of $660.89 million. WEX had a net margin of 11.43% and a return on equity of 48.01%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.57 EPS. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. On average, equities analysts expect that WEX Inc. will post 14.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WEX has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of WEX from $175.00 to $155.00 and set a "neutral" rating for the company in a research report on Friday, February 6th. UBS Group set a $165.00 price target on WEX and gave the stock a "neutral" rating in a research note on Friday, February 6th. Morgan Stanley set a $146.00 price objective on WEX in a report on Friday, February 6th. Wall Street Zen cut WEX from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of WEX in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $162.27.

Insider Buying and Selling

In other news, insider Sara Trickett sold 1,815 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $149.95, for a total transaction of $272,159.25. Following the completion of the transaction, the insider directly owned 2,137 shares of the company's stock, valued at approximately $320,443.15. This represents a 45.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total value of $251,842.50. Following the sale, the chief operating officer owned 3,695 shares in the company, valued at $590,830.50. The trade was a 29.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 8,154 shares of company stock valued at $1,256,518. 1.40% of the stock is currently owned by insiders.

WEX 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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