Hsbc Holdings PLC Raises Holdings in WEX Inc. $WEX

Hsbc Holdings PLC increased its position in WEX Inc. (NYSE:WEX) by 2,250.4% in the 2nd quarter, Holdings Channel reports. The firm owned 36,689 shares of the business services provider’s stock after buying an additional 35,128 shares during the period. Hsbc Holdings PLC’s holdings in WEX were worth $5,038,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in WEX. American Century Companies Inc. grew its stake in WEX by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after buying an additional 60 shares during the last quarter. Eukles Asset Management boosted its holdings in shares of WEX by 2.8% in the fourth quarter. Eukles Asset Management now owns 3,429 shares of the business services provider’s stock valued at $511,000 after acquiring an additional 95 shares during the period. Nicolet Advisory Services LLC boosted its holdings in shares of WEX by 8.1% in the third quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 102 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of WEX by 0.9% during the third quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider’s stock worth $1,748,000 after acquiring an additional 104 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of WEX by 2.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,280 shares of the business services provider’s stock worth $961,000 after acquiring an additional 124 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Price Performance

WEX stock opened at $185.97 on Thursday. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50 day simple moving average of $180.12 and a 200-day simple moving average of $160.77. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $203.99. The stock has a market capitalization of $6.34 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. The firm had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. WEX’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Equities analysts predict that WEX Inc. will post 17.11 earnings per share for the current year.

WEX declared that its Board of Directors has initiated a share repurchase program on Thursday, May 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore upgraded shares of WEX to an “outperform” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Mizuho upped their target price on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Cantor Fitzgerald set a $178.00 target price on shares of WEX in a research note on Monday, July 27th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $183.30.

Insiders Place Their Bets

In other news, COO Robert Deshaies sold 1,000 shares of WEX stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $184.95, for a total value of $184,950.00. Following the sale, the chief operating officer owned 19,288 shares of the company’s stock, valued at $3,567,315.60. The trade was a 4.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ann Drew sold 3,400 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $176.02, for a total transaction of $598,468.00. Following the transaction, the insider owned 7,988 shares in the company, valued at approximately $1,406,047.76. This trade represents a 29.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 36,767 shares of company stock valued at $6,832,266. Corporate insiders own 1.40% of the company’s stock.

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.