Janus Henderson Group PLC Buys 6,960 Shares of WEX Inc. $WEX

Janus Henderson Group PLC grew its stake in shares of WEX Inc. (NYSE:WEX) by 0.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,872,042 shares of the business services provider’s stock after acquiring an additional 6,960 shares during the period. Janus Henderson Group PLC owned about 0.11% of WEX worth $576,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Los Angeles Capital Management LLC purchased a new stake in WEX in the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after acquiring an additional 173 shares during the period. First Horizon Corp lifted its stake in WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after acquiring an additional 94 shares during the period. Jones Financial Companies Lllp lifted its stake in WEX by 56.7% in the third 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 period. Finally, IFP Advisors Inc raised its holdings in WEX by 225.4% in the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Performance

Shares of WEX stock opened at $126.73 on Thursday. The business’s 50 day moving average is $149.95 and its two-hundred day moving average is $153.13. WEX Inc. has a 12-month low of $125.63 and a 12-month high of $186.85. The company has a market capitalization of $4.39 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.82 and a beta of 0.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83.

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

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

Analysts Set New Price Targets

A number of research firms have issued reports on WEX. Morgan Stanley increased their price objective on WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reduced their price target on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Loop Capital initiated coverage on WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 price objective on the stock. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, WEX has an average rating of “Hold” and a consensus price target of $173.70.

Insiders Place Their Bets

In other news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the business’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 completion of the sale, the chief operating officer directly owned 22,872 shares of the company’s stock, valued at approximately $4,002,600. The trade was a 13.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch bought 1,500 shares of WEX stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $142.95 per share, with a total value of $214,425.00. Following the completion of the acquisition, the director directly owned 17,957 shares in the company, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 8,200 shares of company stock valued at $1,318,798 in the last ninety days. Insiders own 1.40% of the company’s stock.

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.