Short Interest in WEX Inc. (NYSE:WEX) Increases By 28.6%

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

Insider Transactions at WEX

In other news, COO Carlos Carriedo sold 1,575 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total value of $251,842.50. Following the completion of the transaction, the chief operating officer owned 3,695 shares of the company’s stock, valued at approximately $590,830.50. This represents a 29.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $152.14, for a total value of $532,490.00. Following the completion of the transaction, the chief operating officer directly owned 26,372 shares of the company’s stock, valued at $4,012,236.08. This represents a 11.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,979 shares of company stock worth $1,842,414. 1.40% of the stock is owned by insiders.

Institutional Trading of WEX

Institutional investors and hedge funds have recently modified their holdings of the business. Lightrock Netherlands B.V. increased its holdings in shares of WEX by 19.7% in the 3rd quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock worth $6,900,000 after purchasing an additional 7,200 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of WEX by 1.1% in the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after buying an additional 10,027 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of WEX by 1,289.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider’s stock worth $3,119,000 after buying an additional 18,372 shares during the last quarter. Citigroup Inc. boosted its stake in shares of WEX by 103.8% in the 3rd quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock worth $3,795,000 after buying an additional 12,266 shares during the last quarter. Finally, Snyder Capital Management L P boosted its stake in shares of WEX by 13.6% in the 3rd quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider’s stock worth $27,635,000 after buying an additional 21,028 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Wall Street Analysts Forecast Growth

WEX has been the topic of several recent research reports. Morgan Stanley set a $146.00 price target on WEX in a research note on Friday, February 6th. Cantor Fitzgerald upped their price target on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Raymond James Financial restated a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Mizuho cut their price target on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded WEX from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Three equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, WEX currently has a consensus rating of “Hold” and a consensus price target of $162.27.

WEX Stock Up 2.0%

WEX stock opened at $171.27 on Thursday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.35 and a beta of 0.93. The stock has a fifty day simple moving average of $157.25 and a two-hundred day simple moving average of $153.95. WEX has a 12 month low of $118.67 and a 12 month high of $180.71. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $3.90 by $0.21. The business had revenue of $672.90 million during the quarter, compared to analyst estimates of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company 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. Equities analysts predict that WEX will post 14.09 EPS for the current fiscal year.

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.