Teacher Retirement System of Texas Sells 930 Shares of WEX Inc. $WEX

Teacher Retirement System of Texas decreased its holdings in shares of WEX Inc. (NYSE:WEX) by 15.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,940 shares of the business services provider’s stock after selling 930 shares during the quarter. Teacher Retirement System of Texas’ holdings in WEX were worth $726,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its holdings in shares of WEX by 20,412.8% in the first quarter. Hsbc Holdings PLC now owns 638,563 shares of the business services provider’s stock valued at $99,069,000 after purchasing an additional 635,450 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of WEX by 652.7% during the 1st quarter. Millennium Management LLC now owns 412,665 shares of the business services provider’s stock worth $64,797,000 after buying an additional 357,842 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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. Hotchkis & Wiley Capital Management LLC grew its stake in WEX by 79.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 381,767 shares of the business services provider’s stock valued at $59,945,000 after buying an additional 169,137 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in WEX by 399.9% in the 1st quarter. Jane Street Group LLC now owns 210,707 shares of the business services provider’s stock valued at $33,085,000 after acquiring an additional 168,558 shares during the period. 97.47% of the stock is owned by institutional investors.

WEX Trading Up 0.4%

Shares of NYSE:WEX opened at $145.45 on Friday. The company has a market capitalization of $4.99 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.34 and a beta of 1.24. WEX Inc. has a 1 year low of $110.45 and a 1 year high of $191.43. The company has a debt-to-equity ratio of 3.99, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50 day simple moving average is $159.62 and its 200 day simple moving average is $152.70.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.14. The firm had revenue of $691.70 million during the quarter, compared to analysts’ expectations of $678.25 million. WEX had a return on equity of 45.36% and a net margin of 10.81%.The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.35 EPS. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS. FY 2025 guidance at 15.760-15.96 EPS. On average, research analysts anticipate that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WEX shares. Barclays raised their price objective on shares of WEX from $135.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. UBS Group dropped their price target on WEX from $185.00 to $172.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Robert W. Baird boosted their price target on WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Zacks Research lowered WEX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, William Blair reiterated a “market perform” rating on shares of WEX in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $172.92.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.