Neuberger Berman Group LLC Sells 8,867 Shares of WEX Inc. $WEX

Neuberger Berman Group LLC reduced its position in WEX Inc. (NYSE:WEX) by 3.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 230,270 shares of the business services provider’s stock after selling 8,867 shares during the period. Neuberger Berman Group LLC owned about 0.67% of WEX worth $36,274,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at WEX

In other news, COO Carlos Carriedo sold 1,575 shares of the business’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 completion of the sale, the chief operating officer owned 3,695 shares of the company’s stock, valued at approximately $590,830.50. The trade was a 29.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sara Trickett sold 1,815 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $149.95, for a total transaction of $272,159.25. Following the completion of the transaction, the insider owned 2,137 shares in the company, valued at $320,443.15. This trade represents a 45.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 8,154 shares of company stock worth $1,256,518. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Cantor Fitzgerald raised their price target on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Mizuho cut their target price on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Finally, Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Three investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $162.27.

WEX Stock Performance

NYSE:WEX opened at $167.24 on Friday. The stock has a market cap of $5.74 billion, a P/E ratio of 19.68, a PEG ratio of 1.28 and a beta of 0.97. The stock has a 50 day simple moving average of $156.22 and a 200 day simple moving average of $156.39. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86. WEX Inc. has a 1-year low of $110.45 and a 1-year high of $180.71.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. The firm had revenue of $672.90 million for the quarter, compared to analyst estimates of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.57 EPS. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. Research analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current year.

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.