WEX
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
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
4,211% more call options, than puts
Call options by funds: $91.4M | Put options by funds: $2.12M
12% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 57
1% less funds holding
Funds holding: 428 [Q3] → 424 (-4) [Q4]
3.36% less ownership
Funds ownership: 104.88% [Q3] → 101.51% (-3.36%) [Q4]
20% less capital invested
Capital invested by funds: $8.94B [Q3] → $7.11B (-$1.83B) [Q4]
29% less funds holding in top 10
Funds holding in top 10: 7 [Q3] → 5 (-2) [Q4]
31% less repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 170
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$155
3%
upside
Avg. target
$177
17%
upside
High target
$200
33%
upside
7 analyst ratings
2 positive
29%
5 neutral
71%
0 negative
0%
Mizuho Dan Dolev 80% 1-year accuracy 32 / 40 met price target | 13%upside $170 | Outperform Maintained | 10 Feb 2025 |
Barclays Ramsey El-Assal 70% 1-year accuracy 40 / 57 met price target | 3%upside $155 | Equal-Weight Maintained | 10 Feb 2025 |
Keefe, Bruyette & Woods Sanjay Sakhrani 77% 1-year accuracy 30 / 39 met price target | 33%upside $200 | Outperform Maintained | 7 Feb 2025 |
UBS Nik Cremo 100% 1-year accuracy 1 / 1 met price target | 14%upside $172 | Neutral Maintained | 7 Feb 2025 |
Wells Fargo Andrew Bauch 76% 1-year accuracy 28 / 37 met price target | 6%upside $160 | Equal-Weight Maintained | 7 Feb 2025 |
Financial journalist opinion
Based on 8 articles about WEX published over the past 30 days
Neutral
Zacks Investment Research
1 week ago
WEX Stock Rises 17% Since Q4 Earnings & Revenues Beat Estimates
WEX's fourth-quarter 2024 earnings and revenues decline year over year.
Neutral
Seeking Alpha
2 weeks ago
WEX Inc. (WEX) Q4 2024 Earnings Call Transcript
WEX Inc. (NYSE:WEX ) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Steve Elder - Senior Vice President, Investor Relations Melissa Smith - Chair & Chief Executive Officer Jagtar Narula - Chief Financial Officer Conference Call Participants Sanjay Sakhrani - KBW Dan Dolev - Mizuho Dave Koning - Baird Andrew Jeffrey - William Blair John Davis - Raymond James Ramsey El-Assal - Barclays Tien-Tsin Huang - JPMorgan Andrew Bauch - Wells Fargo Daniel Krebs - Wolfe Research Operator Hello, and welcome to the WEX Fourth Quarter and Full Year 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.
Positive
Zacks Investment Research
2 weeks ago
Wex (WEX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Wex (WEX) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
2 weeks ago
Wex (WEX) Q4 Earnings and Revenues Surpass Estimates
Wex (WEX) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.54 per share. This compares to earnings of $3.82 per share a year ago.
Neutral
Business Wire
2 weeks ago
WEX Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2024. "As we enter 2025, we believe that our targeted investments in product innovation and sales expansion will set the stage for WEX's long-term success," said Melissa Smith, WEX's Chair, Chief Executive Officer, and President. "We anticipate that these initiatives will enhance our.
Negative
Zacks Investment Research
3 weeks ago
Earnings Preview: Wex (WEX) Q4 Earnings Expected to Decline
Wex (WEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
3 weeks ago
WEX Expands Mixed-Energy Fleet Solutions Across Europe to Drive Commercial EV Adoption
BREDA, Netherlands--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the expansion of its electric vehicle (EV) charging solution for Europe's commercial fleets. This milestone comes at a pivotal time as businesses face rising fuel costs and increasing regulatory pressures to reduce carbon emissions. Fleet managers across the continent will increasingly have access to WEX's comprehensive EV charging platform, whic.
Neutral
Business Wire
4 weeks ago
WEX Inc. to Release Fourth Quarter and Full Year 2024 Financial Results on February 5, 2025
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025, after market close. The press release and WEX's newly-introduced supplemental materials packet—which includes a summary and discussion of our fourth quarter performance—will be available that same afternoon through the investor relations section o.
Neutral
Seeking Alpha
1 month ago
Wex: Undervalued Despite Modest Growth Expectations
Shares have sold off following the company's weak Q3 results and guidance. Lower fuel prices and weaker spending by its commercial customers have contributed to softer revenue growth. Earnings per share growth in FY25 should benefit from modest revenue growth on a stable expense base, along with a much lower share count.
Neutral
Business Wire
2 months ago
WEX Announces Partnership with Qmerit for Commercial Fleets, EV Charger Installation at Drivers' Homes
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced a nationwide partnership with EV charger installation provider Qmerit to streamline the installation of EV chargers at the homes of commercial fleet drivers. Under the partnership, Qmerit will provide end-to-end home EV charging installation and integration services drawing on its national network of more than 23,000 electricians who are licensed, i.
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