Somewhat Positive Media Coverage Somewhat Unlikely to Affect WageWorks (WAGE) Share Price

Headlines about WageWorks (NYSE:WAGE) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WageWorks earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.2046403378104 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

WAGE has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price objective on shares of WageWorks in a research report on Friday, October 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price objective (down from $85.00) on shares of WageWorks in a research report on Thursday, November 9th. ValuEngine upgraded WageWorks from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded WageWorks from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a research report on Tuesday, November 14th. Finally, BidaskClub upgraded WageWorks from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $79.75.

Shares of WageWorks (NYSE WAGE) traded down $0.70 during mid-day trading on Monday, reaching $63.45. The company had a trading volume of 178,654 shares, compared to its average volume of 293,227. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $2,510.00, a price-to-earnings ratio of 51.32, a price-to-earnings-growth ratio of 3.43 and a beta of 0.90. WageWorks has a 1 year low of $56.90 and a 1 year high of $80.50.

WageWorks (NYSE:WAGE) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. WageWorks had a return on equity of 9.60% and a net margin of 9.87%. The firm had revenue of $115.70 million during the quarter, compared to analyst estimates of $117.09 million. During the same period last year, the company earned $0.34 earnings per share. The company’s revenue was up 30.1% on a year-over-year basis. analysts expect that WageWorks will post 1.25 EPS for the current year.

In other WageWorks news, insider Kimberly L. Wilford sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $62.13, for a total transaction of $3,106,500.00. Following the transaction, the insider now owns 93,238 shares in the company, valued at $5,792,876.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John William Larson sold 30,500 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $63.76, for a total value of $1,944,680.00. Following the transaction, the director now owns 42,930 shares in the company, valued at approximately $2,737,216.80. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by company insiders.

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About WageWorks

WageWorks, Inc is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits.

Insider Buying and Selling by Quarter for WageWorks (NYSE:WAGE)

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