WageWorks, Inc. (WAGE) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in WageWorks, Inc. (NYSE:WAGE) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 789,166 shares of the business services provider’s stock after acquiring an additional 66,492 shares during the period. Wells Fargo & Company MN owned 1.99% of WageWorks worth $47,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of WageWorks by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the business services provider’s stock worth $107,000 after acquiring an additional 139 shares during the period. Advisor Group Inc. lifted its stake in shares of WageWorks by 10.8% in the 2nd quarter. Advisor Group Inc. now owns 1,594 shares of the business services provider’s stock worth $107,000 after acquiring an additional 156 shares during the period. First Mercantile Trust Co. lifted its stake in shares of WageWorks by 20.7% in the 2nd quarter. First Mercantile Trust Co. now owns 1,925 shares of the business services provider’s stock worth $129,000 after acquiring an additional 330 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of WageWorks by 85.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,964 shares of the business services provider’s stock worth $199,000 after acquiring an additional 1,364 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of WageWorks by 3.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,275 shares of the business services provider’s stock worth $220,000 after acquiring an additional 122 shares during the period.

WageWorks, Inc. (WAGE) traded down $0.50 during mid-day trading on Monday, reaching $62.00. 148,300 shares of the company traded hands, compared to its average volume of 291,225. WageWorks, Inc. has a fifty-two week low of $56.90 and a fifty-two week high of $80.50. The firm has a market capitalization of $2,457.47, a price-to-earnings ratio of 49.60, a PEG ratio of 3.31 and a beta of 0.90. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41.

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

A number of analysts have recently weighed in on WAGE shares. BidaskClub raised shares of WageWorks from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Zacks Investment Research raised shares of WageWorks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Needham & Company LLC reissued a “buy” rating and set a $82.00 target price on shares of WageWorks in a research note on Friday, October 6th. Stifel Nicolaus reissued a “buy” rating and set a $80.00 target price (down from $85.00) on shares of WageWorks in a research note on Thursday, November 9th. Finally, ValuEngine raised shares of WageWorks from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.75.

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

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WageWorks Profile

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.

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Institutional Ownership by Quarter for WageWorks (NYSE:WAGE)

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