WEX Inc. $WEX Shares Acquired by Earnest Partners LLC

Key Points

• Earnest Partners LLC raised its stake in WEX by 1.1% to 907,803 shares, now owning 2.65% of the company (about $143.0M), and institutional investors hold 97.47% of the stock.
• WEX beat quarterly expectations with $4.11 EPS vs $3.90 est. and $672.9M revenue, and set FY2026 guidance of $17.25–17.85 EPS (Q1 2026: $3.80–4.00).
• Insiders have been net sellers (8,154 shares sold in the last 90 days, including COO sales), and analysts' consensus is a Hold with a $162.27 price target.

Earnest Partners LLC lifted its position in shares of WEX Inc. (NYSE:WEX - Free Report) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 907,803 shares of the business services provider's stock after buying an additional 10,027 shares during the period. Earnest Partners LLC owned 2.65% of WEX worth $143,006,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in WEX in the 3rd quarter worth approximately $28,000. Steph & Co. purchased a new position in shares of WEX during the 3rd quarter worth $35,000. Hantz Financial Services Inc. boosted its holdings in shares of WEX by 162.1% during the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider's stock worth $36,000 after purchasing an additional 141 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of WEX by 56.7% in the third quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider's stock valued at $53,000 after purchasing an additional 119 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of WEX by 289.5% in the third quarter. Smartleaf Asset Management LLC now owns 370 shares of the business services provider's stock valued at $59,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 97.47% of the company's stock.

WEX Price Performance

WEX stock opened at $159.82 on Friday. The company has a market cap 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. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86. The stock has a 50-day moving average price of $157.27 and a two-hundred day moving average price of $155.92. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $180.71.

WEX (NYSE:WEX - Get Free Report) last released 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. WEX had a return on equity of 48.01% and a net margin of 11.43%.The business had revenue of $672.90 million for the quarter, compared to analyst estimates of $660.89 million. During the same period in the previous year, the company posted $3.57 EPS. The company's revenue was up 5.7% compared to the same quarter last year. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, research analysts predict that WEX Inc. will post 14.09 EPS for the current year.

Insider Buying and Selling at WEX

In other WEX news, COO Robert Joseph Deshaies sold 3,238 shares of WEX stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $150.22, for a total transaction of $486,412.36. Following the transaction, the chief operating officer directly owned 14,859 shares of the company's stock, valued at $2,232,118.98. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Carlos Carriedo sold 1,575 shares of the business'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 transaction of $251,842.50. Following the sale, the chief operating officer owned 3,695 shares of the company's stock, valued at approximately $590,830.50. This represents a 29.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 8,154 shares of company stock worth $1,256,518. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WEX shares. Morgan Stanley set a $146.00 target price on WEX in a research report on Friday, February 6th. Wall Street Zen downgraded shares of WEX from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Raymond James Financial reiterated a "market perform" rating on shares of WEX in a report on Friday, March 6th. Cantor Fitzgerald raised their target price on shares of WEX from $158.00 to $166.00 and gave the stock a "neutral" rating in a research report on Monday, February 9th. Finally, UBS Group set a $165.00 price target on shares of WEX and gave the stock a "neutral" rating in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $162.27.

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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