Natixis Advisors LLC Purchases 4,733 Shares of WEX Inc. $WEX

Natixis Advisors LLC grew its position in shares of WEX Inc. (NYSE:WEX) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,231 shares of the business services provider’s stock after buying an additional 4,733 shares during the period. Natixis Advisors LLC owned approximately 0.30% of WEX worth $15,379,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WEX. Goldman Sachs Group Inc. increased its position in 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. Empowered Funds LLC acquired a new stake in WEX during the first quarter worth approximately $394,000. American Century Companies Inc. grew its position in WEX by 1.9% during the second 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 in the last quarter. EverSource Wealth Advisors LLC grew its position in WEX by 4,837.5% during the second quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after buying an additional 387 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in WEX during the second quarter worth approximately $271,000. Institutional investors own 97.47% of the company’s stock.

WEX Stock Up 0.7%

Shares of NYSE WEX opened at $147.96 on Friday. The stock’s fifty day moving average is $152.54 and its 200 day moving average is $153.43. The stock has a market capitalization of $5.13 billion, a P/E ratio of 16.61, a PEG ratio of 0.92 and a beta of 0.85. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. WEX Inc. has a 52 week low of $132.35 and a 52 week high of $186.85.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.23. The business had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.WEX’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $3.51 earnings per share. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Sell-side analysts forecast that WEX Inc. will post 16.49 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In related news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $175.00, for a total value of $612,500.00. Following the sale, the chief operating officer directly owned 22,872 shares of the company’s stock, valued at $4,002,600. This trade represents a 13.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch acquired 1,500 shares of WEX stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the purchase, the director directly owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This represents a 9.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 9,019 shares of company stock valued at $1,446,996. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WEX has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Raymond James Financial restated a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Monday, April 20th. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Cantor Fitzgerald raised their price target on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $172.70.

About WEX

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.