Incline Global Management LLC Sells 7,633 Shares of WEX Inc. $WEX

Incline Global Management LLC cut its position in shares of WEX Inc. (NYSE:WEX) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,384 shares of the business services provider’s stock after selling 7,633 shares during the quarter. WEX accounts for 4.7% of Incline Global Management LLC’s portfolio, making the stock its 9th biggest holding. Incline Global Management LLC owned approximately 0.27% of WEX worth $13,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WEX. AQR Capital Management LLC grew its position in WEX by 794.0% during the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after buying an additional 790,271 shares in the last quarter. Turtle Creek Asset Management Inc. acquired a new stake in WEX during the third quarter worth about $93,289,000. Norges Bank acquired a new stake in WEX during the fourth quarter worth about $50,202,000. New South Capital Management Inc. grew its position in WEX by 627.0% during the fourth quarter. New South Capital Management Inc. now owns 268,023 shares of the business services provider’s stock worth $39,930,000 after buying an additional 231,158 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in WEX by 158.3% during the first 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 in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Stock Down 3.5%

Shares of WEX opened at $126.73 on Thursday. The company has a market capitalization of $4.39 billion, a P/E ratio of 14.22, a PEG ratio of 0.82 and a beta of 0.85. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05. WEX Inc. has a one year low of $125.63 and a one year high of $186.85. The business’s 50 day simple moving average is $149.95 and its 200-day simple moving average is $153.13.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $3.92 by $0.23. The business had revenue of $673.80 million for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $3.51 EPS. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, sell-side analysts predict that WEX Inc. will post 16.49 EPS for the current fiscal year.

WEX declared that its board has authorized a stock repurchase program on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 21.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at WEX

In other WEX news, Director James R. Groch bought 1,500 shares of WEX stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $142.95 per share, with a total value of $214,425.00. Following the acquisition, the director directly owned 17,957 shares of the company’s stock, valued at $2,566,953.15. The trade was a 9.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $175.00, for a total transaction of $612,500.00. Following the completion of the transaction, the chief operating officer owned 22,872 shares of the company’s stock, valued at $4,002,600. This trade represents a 13.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,200 shares of company stock valued at $1,318,798 in the last three months. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Loop Capital assumed coverage on WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 price objective on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a report on Friday, March 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a report on Monday, April 20th. Robert W. Baird lifted their price objective on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $173.70.

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.