WEX Inc. (NYSE:WEX) Short Interest Update

WEX Inc. (NYSE:WEX - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,950,000 shares, an increase of 87.5% from the February 28th total of 1,040,000 shares. Based on an average daily volume of 733,700 shares, the short-interest ratio is presently 2.7 days. Currently, 5.1% of the company's shares are short sold.

WEX Stock Up 0.7 %

Shares of WEX stock traded up $1.07 on Wednesday, reaching $161.99. 1,032,757 shares of the company were exchanged, compared to its average volume of 503,617. The stock's 50 day moving average price is $160.86 and its 200-day moving average price is $178.50. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. WEX has a 1-year low of $146.03 and a 1-year high of $244.04. The company has a market cap of $6.29 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61.

WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. As a group, equities analysts forecast that WEX will post 14.09 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on WEX. Citigroup lowered shares of WEX from a "buy" rating to a "neutral" rating and decreased their target price for the company from $260.00 to $190.00 in a report on Tuesday, January 14th. Jefferies Financial Group boosted their price objective on shares of WEX from $180.00 to $190.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. Barclays lowered their target price on shares of WEX from $200.00 to $155.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. UBS Group reduced their price target on shares of WEX from $200.00 to $172.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Finally, Bank of America lowered shares of WEX from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, WEX has a consensus rating of "Hold" and a consensus price target of $187.80.

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Institutional Trading of WEX

Institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC raised its position in shares of WEX by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider's stock worth $873,251,000 after acquiring an additional 25,365 shares in the last quarter. JPMorgan Chase & Co. raised its stake in WEX by 105.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider's stock valued at $358,812,000 after acquiring an additional 1,052,087 shares during the last quarter. FMR LLC lifted its holdings in shares of WEX by 8.8% during the third quarter. FMR LLC now owns 1,555,507 shares of the business services provider's stock worth $326,237,000 after purchasing an additional 125,262 shares during the period. State Street Corp lifted its stake in shares of WEX by 0.3% in the 3rd quarter. State Street Corp now owns 1,240,953 shares of the business services provider's stock worth $260,265,000 after acquiring an additional 3,882 shares during the period. Finally, Earnest Partners LLC boosted its holdings in WEX by 1.0% in the 4th quarter. Earnest Partners LLC now owns 872,734 shares of the business services provider's stock valued at $153,008,000 after purchasing an additional 8,780 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.