Burney Co. Reduces Stake in WEX Inc.

Institutional investor cuts holdings in business services provider by over 86%

Apr. 16, 2026 at 7:42am

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An extreme close-up of gears, levers, and other heavy industrial components in a banking or financial services setting, conveying the complex machinery that underpins the industry.A reduction in institutional investment signals broader shifts in the financial landscape surrounding WEX Inc.Portland Today

Burney Co., an institutional investor, has reduced its stake in WEX Inc. (NYSE: WEX) by 86.2% during the fourth quarter, according to a recent SEC filing. The firm now owns 2,344 shares of the business services provider's stock, down from 16,995 shares previously.

Why it matters

This reduction in Burney Co.'s WEX holdings reflects broader shifts in institutional investment strategies and portfolio allocations, which can impact the stock price and trading volume of publicly traded companies like WEX.

The details

Burney Co. sold 14,651 shares of WEX stock during the fourth quarter, leaving the firm with just 2,344 shares worth $349,000 at the end of the reporting period. This significant decrease in the firm's WEX position came as other institutional investors also modified their holdings in the company.

  • Burney Co. disclosed the stake reduction in a filing with the SEC on April 16, 2026.
  • The transactions occurred during the fourth quarter of the previous fiscal year.

The players

Burney Co.

An institutional investment firm that previously held a larger position in WEX Inc.

WEX Inc.

A global financial technology company that provides business payment solutions for fleet, travel, and corporate payments.

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The takeaway

This reduction in Burney Co.'s WEX holdings is a sign of the fluid nature of institutional investment strategies, as firms continuously evaluate and adjust their portfolios based on market conditions and their own investment theses.