Gotham Asset Management LLC Purchases 77,176 Shares of WEX Inc. $WEX

Key Points

• Gotham Asset Management increased its WEX stake by 39.8%, buying 77,176 shares to own 270,964 shares (~0.79% of the company) valued at about $42.7 million, joining other institutional buyers in a stock that is 97.47% institutionally owned.
• WEX beat Q results (EPS $4.11 vs. $3.90 expected; revenue $672.9M vs. $660.9M) and set FY2026 guidance of 17.25–17.85 EPS (Q1 guidance 3.80–4.00), yet analysts maintain a consensus rating of Hold with an average target of $162.27.
• Company insiders have been net sellers recently (8,154 shares worth ~$1.26M in the last 90 days), and insiders now own about 1.4% of WEX.

Gotham Asset Management LLC boosted its position in WEX Inc. (NYSE:WEX - Free Report) by 39.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 270,964 shares of the business services provider's stock after acquiring an additional 77,176 shares during the period. Gotham Asset Management LLC owned 0.79% of WEX worth $42,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners acquired a new position in WEX during the 2nd quarter valued at about $187,102,000. Norges Bank bought a new position in shares of WEX in the 2nd quarter valued at about $42,812,000. Goldman Sachs Group Inc. grew its position in shares of WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider's stock worth $55,097,000 after buying an additional 215,036 shares during the period. UBS Group AG grew its position in shares of WEX by 68.2% during the 3rd quarter. UBS Group AG now owns 434,148 shares of the business services provider's stock worth $68,391,000 after buying an additional 176,042 shares during the period. Finally, River Road Asset Management LLC raised its stake in shares of WEX by 20.9% during the second quarter. River Road Asset Management LLC now owns 797,871 shares of the business services provider's stock worth $117,199,000 after buying an additional 137,673 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WEX shares. Weiss Ratings restated a "hold (c)" rating on shares of WEX in a report on Wednesday, January 21st. UBS Group set a $165.00 target price on shares of WEX and gave the company a "neutral" rating in a research report on Friday, February 6th. Raymond James Financial reissued a "market perform" rating on shares of WEX in a research note on Friday, March 6th. Wall Street Zen lowered WEX from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Finally, Mizuho decreased their price objective on WEX from $180.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $162.27.

WEX Trading Down 0.3%

Shares of NYSE:WEX opened at $159.82 on Monday. The company's 50-day moving average price is $157.27 and its two-hundred day moving average price is $155.80. WEX Inc. has a one year low of $110.45 and a one year high of $180.71. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $5.48 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.23 and a beta of 0.97.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.21. The company had revenue of $672.90 million during the quarter, compared to analysts' expectations of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.WEX's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $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 forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

Insider Buying and Selling

In other WEX news, insider Sara Trickett sold 1,815 shares of the business'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 transaction, the insider owned 2,137 shares of the company's stock, valued at $320,443.15. The trade was a 45.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Carlos Carriedo sold 1,575 shares of the company's 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 approximately $590,830.50. This represents a 29.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,154 shares of company stock valued at $1,256,518 in the last ninety days. 1.40% of the stock is owned by company 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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