WEX Inc. (NYSE:WEX) Short Interest Update

WEX Inc. (NYSE:WEX) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,735,133 shares, an increase of 28.6% from the March 15th total of 1,348,805 shares. Based on an average daily trading volume, of 452,548 shares, the days-to-cover ratio is currently 3.8 days. Currently, 5.1% of the company’s shares are sold short.

Insider Transactions at WEX

In other news, insider Sara Trickett sold 1,815 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $149.95, for a total value of $272,159.25. Following the sale, the insider directly owned 2,137 shares in the company, valued at approximately $320,443.15. This represents a 45.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Kimball sold 715 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total value of $112,841.30. Following the completion of the sale, the chief accounting officer owned 6,203 shares in the company, valued at approximately $978,957.46. The trade was a 10.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,979 shares of company stock valued at $1,842,414. Company insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its position in WEX by 1.9% in the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 60 shares during the period. Johnson Investment Counsel Inc. raised its position in WEX by 0.7% in the third quarter. Johnson Investment Counsel Inc. now owns 9,615 shares of the business services provider’s stock valued at $1,515,000 after purchasing an additional 70 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in WEX by 3.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,558 shares of the business services provider’s stock valued at $403,000 after purchasing an additional 74 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in WEX by 1.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,985 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 94 shares during the period. Finally, First Horizon Corp raised its position in WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 94 shares during the period. Institutional investors own 97.47% of the company’s stock.

WEX Stock Down 1.3%

Shares of NYSE WEX opened at $173.28 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86. The stock has a market capitalization of $6.01 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.31 and a beta of 0.93. The stock’s fifty day simple moving average is $158.09 and its two-hundred day simple moving average is $154.20. WEX has a 12-month low of $118.67 and a 12-month high of $180.71.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.90 by $0.21. The business had revenue of $672.90 million for the quarter, compared to analysts’ expectations of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.57 EPS. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, analysts expect that WEX will post 14.09 EPS for the current fiscal year.

Analysts Set New Price Targets

WEX has been the topic of several research analyst reports. Raymond James Financial reissued a “market perform” rating on shares of WEX in a research note on Friday, March 6th. JPMorgan Chase & Co. dropped their price objective on WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. UBS Group set a $165.00 price objective on WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Mizuho dropped their price objective on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $162.27.

About WEX

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.