Short Interest in WEX Inc. (NYSE:WEX) Drops By 18.9%

WEX Inc. (NYSE:WEX) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,383,738 shares, a decline of 18.9% from the February 12th total of 1,705,497 shares. Based on an average trading volume of 363,080 shares, the short-interest ratio is presently 3.8 days. Currently, 4.1% of the shares of the company are sold short. Currently, 4.1% of the shares of the company are sold short. Based on an average trading volume of 363,080 shares, the short-interest ratio is presently 3.8 days.

Insider Buying and Selling at WEX

In related news, CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the transaction, the chief accounting officer directly owned 3,671 shares in the company, valued at $555,789.40. The trade was a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Carlos Carriedo sold 1,575 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total transaction of $251,842.50. Following the completion of the sale, the chief operating officer directly owned 3,695 shares in the company, valued at approximately $590,830.50. The trade was a 29.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,154 shares of company stock valued at $1,256,518 over the last quarter. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors acquired a new position in WEX in the fourth quarter worth about $328,000. Corient Private Wealth LLC boosted its position in WEX by 10.1% in the fourth quarter. Corient Private Wealth LLC now owns 9,348 shares of the business services provider’s stock valued at $1,393,000 after buying an additional 860 shares in the last quarter. Kera Capital Partners Inc. acquired a new position in WEX in the fourth quarter valued at about $275,000. Invesco Ltd. grew its stake in WEX by 14.1% during the fourth quarter. Invesco Ltd. now owns 85,418 shares of the business services provider’s stock worth $12,726,000 after buying an additional 10,537 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of WEX by 399.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,214 shares of the business services provider’s stock worth $1,820,000 after buying an additional 9,768 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors.

WEX Stock Performance

WEX stock opened at $159.82 on Friday. The firm has a 50 day moving average of $157.27 and a two-hundred day moving average of $155.92. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. WEX has a 12 month low of $110.45 and a 12 month high of $180.71. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 1.23 and a beta of 0.97.

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, topping analysts’ consensus estimates of $3.90 by $0.21. WEX had a return on equity of 48.01% and a net margin of 11.43%.The firm had revenue of $672.90 million during the quarter, compared to analysts’ expectations of $660.89 million. During the same quarter in the prior year, the business earned $3.57 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. 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, equities analysts anticipate that WEX will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WEX has been the topic of a number of recent research reports. Mizuho lowered their target price on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased their price objective on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Cantor Fitzgerald increased their price objective on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $162.27.

WEX Company Profile

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.