WEX Inc. $WEX Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake by 377.9% in Q4, buying 13,755 shares to hold 17,395 WEX shares (~0.05% of the company) worth about $2.59M, as institutional investors collectively own roughly 97.47% of the stock.
• WEX beat Q1 expectations with $4.15 EPS and $673.8M revenue and raised FY‑2026 and Q2 guidance, prompting some broker target increases (Baird boosted its target to $220).
• Offsetting the beat, the company faces execution risks from margin pressures, materially weakened operating cash flow and higher liabilities, plus insider selling and an escalating activist proxy fight that raise governance and near‑term dilution concerns.

Cwm LLC grew its holdings in shares of WEX Inc. (NYSE:WEX - Free Report) by 377.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,395 shares of the business services provider's stock after acquiring an additional 13,755 shares during the period. Cwm LLC owned about 0.05% of WEX worth $2,592,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake 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 valued at $513,903,000 after acquiring an additional 12,099 shares in the last quarter. Boston Partners lifted its position in shares of WEX by 0.3% during the third quarter. Boston Partners now owns 1,273,363 shares of the business services provider's stock worth $200,704,000 after purchasing an additional 4,227 shares during the last quarter. Earnest Partners LLC lifted its position in shares of WEX by 1.1% during the third quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider's stock worth $143,006,000 after purchasing an additional 10,027 shares during the last quarter. Bank of America Corp DE lifted its position in shares of WEX by 8.6% during the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider's stock worth $138,474,000 after purchasing an additional 69,375 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of WEX by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 642,813 shares of the business services provider's stock worth $101,271,000 after purchasing an additional 7,994 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Stock Performance

Shares of NYSE WEX opened at $154.77 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. The firm's 50-day moving average price is $159.06 and its two-hundred day moving average price is $154.61. WEX Inc. has a 52-week low of $120.03 and a 52-week high of $186.85. The stock has a market capitalization of $5.37 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.36 and a beta of 0.93.

WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 44.23%. The firm had revenue of $673.80 million for the quarter, compared to analysts' expectations of $660.96 million. During the same quarter last year, the company posted $3.51 earnings per share. WEX's revenue was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, sell-side analysts forecast that WEX Inc. will post 15.65 earnings per share for the current year.

WEX News Summary

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Q1 results beat on revenue and reported EPS; management raised FY‑2026 and Q2 guidance, signaling stronger forward earnings expectations. That supports upside versus prior street estimates. WEX Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Analysts and brokers reacted: Baird boosted its price target sharply (to $220) and other shops nudged targets higher — supportive for longer‑term valuation. Baird price target raise (Benzinga)
• Neutral Sentiment: Management announced a $50M cost‑savings plan and more shareholder outreach (shareholder letter + virtual fireside chat) as it outlines strategy to “amplify the core” and defend value. This could reassure investors if execution follows. WEX Issues Letter to Shareholders
• Neutral Sentiment: Earnings materials and the call transcript provide detail on product momentum (AI/embedded financial infrastructure) and the company’s roadmap — useful for investors evaluating execution vs. guidance. Earnings Call Transcript
• Negative Sentiment: Margin pressures and macro volatility were highlighted in coverage and the call — rising costs and mix issues offset revenue growth, which increases execution risk on the raised FY guide. Margin pressures deep dive (MSN)
• Negative Sentiment: Operating cash flow weakened materially and balance‑sheet liabilities grew year‑over‑year, per third‑party data — investors are concerned about cash conversion even as reported profit rose. Operating cash flow weakens (Quiver)
• Negative Sentiment: Shareholder activism and proxy contest risk escalated: a dissident slate backed by Glass Lewis and media coverage of the fight raise governance uncertainty and near‑term dilution/strategic distraction concerns. WEX seeks to fend off activist (Mainebiz)
• Negative Sentiment: High insider selling activity and heavy intraday trading were flagged by data providers, which can amplify downward moves on news and raise questions about insider confidence. Insider selling & trading data (Quiver)
• Negative Sentiment: Real‑time market coverage lists WEX among the biggest movers today as investors digest the mixed signals — beats and guidance vs. margin/cash‑flow and activism — which magnified volatility. CNBC midday movers

Insider Transactions at WEX

In other WEX news, COO Carlos Carriedo sold 1,575 shares of the firm's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total value of $251,842.50. Following the transaction, the chief operating officer owned 3,695 shares of the company's stock, valued at $590,830.50. This trade represents a 29.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer Kimball sold 715 shares of the firm's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total transaction of $112,841.30. Following the completion of the transaction, the chief accounting officer directly owned 6,203 shares in the company, valued at $978,957.46. This represents a 10.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,479 shares of company stock valued at $2,454,914 over the last ninety days. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WEX. 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of WEX in a research report on Monday. Raymond James Financial reaffirmed a "market perform" rating on shares of WEX in a research report on Friday, March 6th. Morgan Stanley increased their price target on shares of WEX from $146.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of WEX from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, WEX currently has a consensus rating of "Hold" and a consensus target price of $166.70.

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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