Quantbot Technologies LP Cuts Position in WEX Inc. $WEX

Quantbot Technologies LP lowered its stake in shares of WEX Inc. (NYSE:WEX) by 77.9% during the second quarter, Holdings Channel reports. The institutional investor owned 22,929 shares of the business services provider’s stock after selling 80,997 shares during the period. Quantbot Technologies LP’s holdings in WEX were worth $3,368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of WEX during the 2nd quarter valued at approximately $187,102,000. JPMorgan Chase & Co. increased its stake in WEX by 1.7% in 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 purchasing an additional 17,691 shares in the last quarter. Earnest Partners LLC raised its holdings in WEX by 2.6% during the first quarter. Earnest Partners LLC now owns 895,406 shares of the business services provider’s stock worth $140,597,000 after purchasing an additional 22,672 shares during the last quarter. Lyrical Asset Management LP raised its holdings in WEX by 0.3% during the first quarter. Lyrical Asset Management LP now owns 826,188 shares of the business services provider’s stock worth $129,728,000 after purchasing an additional 2,754 shares during the last quarter. Finally, River Road Asset Management LLC boosted its position in 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 purchasing an additional 137,673 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Price Performance

NYSE:WEX opened at $151.31 on Friday. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $188.70. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 1.19 and a beta of 1.03. The company’s 50-day moving average is $150.64 and its two-hundred day moving average is $154.73. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.33.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.14. The business had revenue of $691.80 million during the quarter, compared to the consensus estimate of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.10%. 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 posted $4.35 earnings per share. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. Research analysts expect that WEX Inc. will post 14.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WEX shares. Zacks Research cut WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. UBS Group lowered their price objective on shares of WEX from $185.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Robert W. Baird raised their target price on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Bank of America upgraded shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price target on the stock in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $172.92.

Insider Buying and Selling at WEX

In other WEX news, Director Stephen Montgomery Smith purchased 1,000 shares of WEX stock in a transaction on Thursday, November 13th. The shares were bought at an average price of $144.25 per share, with a total value of $144,250.00. Following the purchase, the director directly owned 7,971 shares in the company, valued at $1,149,816.75. This trade represents a 14.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert Joseph Deshaies sold 1,506 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $149.62, for a total value of $225,327.72. Following the sale, the chief operating officer owned 15,699 shares in the company, valued at $2,348,884.38. This trade represents a 8.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

About WEX

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.