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 6,823 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
3,241% more call options, than puts
Call options by funds: $109M | Put options by funds: $3.27M
40% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]
14% more capital invested
Capital invested by funds: $7.86B [Q2] → $8.94B (+$1.08B) [Q3]
0.92% less ownership
Funds ownership: 105.8% [Q2] → 104.88% (-0.92%) [Q3]
3% less funds holding
Funds holding: 439 [Q2] → 427 (-12) [Q3]
12% less first-time investments, than exits
New positions opened: 64 | Existing positions closed: 73
15% less repeat investments, than reductions
Existing positions increased: 129 | Existing positions reduced: 151
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$180
2%
downside
Avg. target
$204
11%
upside
High target
$230
25%
upside
5 analyst ratings
2 positive
40%
3 neutral
60%
0 negative
0%
Citigroup Ashwin Shirvaikar 82% 1-year accuracy 27 / 33 met price target | 3%upside $190 | Neutral Downgraded | 14 Jan 2025 |
Keefe, Bruyette & Woods Sanjay Sakhrani 74% 1-year accuracy 26 / 35 met price target | 20%upside $220 | Outperform Maintained | 6 Jan 2025 |
Barclays Ramsey El-Assal 63% 1-year accuracy 33 / 52 met price target | 9%upside $200 | Equal-Weight Downgraded | 17 Dec 2024 |
Wells Fargo Andrew Bauch 67% 1-year accuracy 26 / 39 met price target | 2%downside $180 | Equal-Weight Maintained | 25 Oct 2024 |
Baird David Koning 73% 1-year accuracy 24 / 33 met price target | 25%upside $230 | Outperform Maintained | 25 Oct 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
5 days 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
1 month 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.
Neutral
Business Wire
1 month ago
WEX to Present at UBS Global Technology and AI Conference
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at the UBS Global Technology and AI Conference on Tuesday, December 3, 2024, at approximately 12:50 PM ET. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, http://ir.wexinc.com, or through the link here. For th.
Neutral
Business Wire
1 month ago
WEX Launches Two AI Pilots for Benefits Administration
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced a partnership with select employers to pilot two new artificial intelligence (AI) enhancements embedded within WEX's benefits administration platform, My Benefit Express. Timed with open enrollment season and as industry pundits explore how AI can be successfully built for and leveraged within employee benefits, WEX announced the pilot launch of its.
Neutral
Business Wire
1 month ago
WEX Unveils New Digital Solution to Enhance and Expand Medicare Advantage Platform
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the release of the WEX Medicare Advantage marketplace, a new digital shopping solution embedded within the member experience of its Medicare Advantage supplemental benefits platform. This expands the brick-and-mortar merchant network that Medicare Advantage members already have access to with an enhanced online shopping experience that allows member.
Neutral
Business Wire
2 months ago
WEX and Holman Expand Partnership Across U.S. and Canada
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced an expanded agreement with Holman, one of the largest integrated automotive service companies in North America, that extends the companies' longstanding partnership through 2030. The agreement renews a more than 30-year partnership between WEX and Holman in the U.S., which leverages WEX fleet mobility solutions as part of Holman's offerings to its c.
Neutral
Zacks Investment Research
2 months ago
WEX Stock Price Decreases 5% Post Q3 Earnings & Revenues Miss
WEX's third-quarter 2024 top line gains from the Mobility and Benefit segments.
Negative
The Motley Fool
2 months ago
Here's Why Wex Stock Plunged Today
Gas prices unexpectedly came down, and that's hurting revenue.
Neutral
Seeking Alpha
2 months ago
WEX Inc. (WEX) Q3 2024 Earnings Call Transcript
WEX Inc. (NYSE:WEX ) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Steve Elder – Senior Vice President-Investor Relations Melissa Smith – Chief Executive Officer and President Jagtar Narula – Chief Financial Officer Conference Call Participants David Koning – Baird Nik Cremo – UBS Andrew Bauch – Wells Fargo Dan Dolev – Mizuho Mihir Bhatia – Bank of America Sanjay Sakhrani – KBW Nate Svensson – Deutsche Bank Ramsey El-Assal – Barclays Andrew Jeffrey – William Blair Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.
Neutral
PYMNTS
2 months ago
WEX: Navigating Near-Term Headwinds While Investing in Digital Growth
The contemporary operating landscape is increasingly defined by both resilience and vulnerability. These two themes were central to WEX Inc.'s third-quarter 2024 earnings call on Thursday (Oct. 24).
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