WEX
WEX
Market cap $8.63B

210.00 USD

+3.81

1.85%

At close Oct 4, 4:00 PM EDT

After hours

210.00

+0.00

0%

1 day

1.85%

5 days

0.59%

1 month

11.52%

3 months

18.29%

6 months

-11.70%

Year to date

7.49%

1 year

15.49%

5 years

5.23%

About: WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the largest segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.

Employees: 7,200

Industrials Business Services

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3,190% more call options, than puts

Call options by funds: $92.1M | Put options by funds: $2.8M

41% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 59

6% more funds holding

Funds holding: 414 [Q1] → 438 (+24) [Q2]

5.63% less ownership

Funds ownership: 103.67% [Q1] → 98.04% (-5.63%) [Q2]

14% less repeat investments, than reductions

Existing positions increased: 133 | Existing positions reduced: 154

29% less capital invested

Capital invested by funds: $10.3B [Q1] → $7.29B (-$2.98B) [Q2]

38% less funds holding in top 10

Funds holding in top 10: 8 [Q1] → 5 (-3) [Q2]

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$190

10%

downside

Avg. target

$208

1%

downside

High target

$230

10%

upside

4 analyst ratings

1 positive

25%

3 neutral

75%

0 negative

0%

JP Morgan Tien-Tsin Huang 44% 1-year accuracy 4 / 9 met price target	5%downside $200	Neutral Maintained	20 Aug 2024
Wells Fargo Andrew Bauch 80% 1-year accuracy 8 / 10 met price target	10%downside $190	Equal-Weight Maintained	26 Jul 2024
JP Morgan Tien-Tsin Huang 44% 1-year accuracy 4 / 9 met price target	0%upside $210	Neutral Maintained	12 Jul 2024
Keefe, Bruyette & Woods Sanjay Sakhrani 86% 1-year accuracy 12 / 14 met price target	10%upside $230	Outperform Maintained	8 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 10 articles about WEX published over the past 30 days

WEX Extends Fuel Discounts to Independent Truckers, Grows Offerings with Launch of 10-4 by WEX

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the general availability release of 10-4 by WEX, a free mobile app that provides independent truckers and small trucking companies in the U.S. with fuel discounts typically reserved for larger trucking enterprises. This increases WEX's total addressable market in its Mobility segment by expanding its diesel product offerings to sole proprietors and.

WEX Extends Fuel Discounts to Independent Truckers, Grows Offerings with Launch of 10-4 by WEX

Zacks Investment Research

Here's Why You Should Retain WEX Stock in Your Portfolio

WEX has strong market leadership, diversified revenue streams and growth opportunities in global markets.

Here's Why You Should Retain WEX Stock in Your Portfolio

Zacks Investment Research

Here's Why Wex (WEX) is a Strong Value Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Here's Why Wex (WEX) is a Strong Value Stock

WEX: Attractively Priced For Double-Digit Earnings Growth Ahead

WEX shares are nearly flat this year, as the company faces a tough economic backdrop. However, the outlook beyond the near-term headwinds suggests potential for double-digit earnings growth. Valuation appears compelling for this high-quality business, given its strong track record of profitable growth.

WEX: Attractively Priced For Double-Digit Earnings Growth Ahead

Electrified Fleet Adoption Surges Despite Slowing EV Demand in Passenger Market

80% of Global Commercial Fleet Leaders Surveyed Set Goal for 25% EVs by 2030, Latest Frost & Sullivan Insights Reveal LONDON , Sept. 18, 2024 /PRNewswire/ -- Conducted by Frost & Sullivan and commissioned by WEX (NYSE: WEX), a new report provides key insights for organisations managing mixed-energy fleets across Europe, North America, and Asia-Pacific.

Electrified Fleet Adoption Surges Despite Slowing EV Demand in Passenger Market

Mixed-Energy Fleets on the Rise: Survey Finds 80% of Global Commercial Fleet Leaders Aim for at Least 25% of Their Fleets to Be EVs by 2030

PORTLAND, Maine--(BUSINESS WIRE)--A new study by Frost & Sullivan commissioned by WEX (NYSE: WEX), the global commerce platform simplifying the business of running a business, reveals that mixed-energy fleets are projected to increase given anticipated commercial EV adoption rates. According to the study, 80% of mixed-energy fleet operators intend for at least 25% of their fleets to be comprised of electric vehicles (EVs) by 2030 and 42% stated that half or more of their fleet would be comp.

Mixed-Energy Fleets on the Rise: Survey Finds 80% of Global Commercial Fleet Leaders Aim for at Least 25% of Their Fleets to Be EVs by 2030

Zacks Investment Research

Here's Why You Should Retain WEX Stock in Your Portfolio Now

WEX benefits from its acquisitions, vast fuel network, transaction volume growth and new partnerships that provide a competitive edge.

Here's Why You Should Retain WEX Stock in Your Portfolio Now

CNBC Television

WEX Wrap-Up for Wednesday September 11

The main headlines that could drive today's trading.

WEX Wrap-Up for Wednesday September 11

CNBC Television

WEX Wrap-Up for Monday September 9

The top stories that could drive today's market trading.

WEX Wrap-Up for Monday September 9

WEX Board of Directors Authorizes $1 Billion Increase to Share Repurchase Program

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its board of directors has authorized an amended share repurchase program under which up to an additional $1.0 billion worth of WEX's common stock may be repurchased, expanding the total authorization to $2.05 billion through December 31, 2025. “This is yet another important milestone in the execution of our balanced capital allocation fra.

WEX Board of Directors Authorizes $1 Billion Increase to Share Repurchase Program

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