WageWorks, Inc. (NYSE:WAGE) has earned an average rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $79.75.
A number of analysts recently commented on the stock. ValuEngine upgraded shares of WageWorks from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of WageWorks from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a research note on Tuesday, November 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 target price (down from $85.00) on shares of WageWorks in a research note on Thursday, November 9th. BidaskClub cut shares of WageWorks from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $82.00 target price on shares of WageWorks in a research note on Friday, October 6th.
In other WageWorks news, insider Kimberly L. Wilford sold 50,000 shares of WageWorks 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 directly owns 93,238 shares in the company, valued at approximately $5,792,876.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John William Larson sold 30,500 shares of WageWorks stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.76, for a total transaction of $1,944,680.00. Following the sale, the director now owns 42,930 shares of the company’s stock, valued at $2,737,216.80. The disclosure for this sale can be found here. Insiders own 3.54% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in WAGE. Zions Bancorporation acquired a new stake in WageWorks during the 3rd quarter valued at approximately $105,000. 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 valued at $107,000 after purchasing an additional 156 shares during the period. 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 valued at $107,000 after purchasing an additional 139 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 valued at $199,000 after purchasing 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 valued at $220,000 after purchasing an additional 122 shares during the period.
WageWorks (NYSE:WAGE) traded down $0.90 during mid-day trading on Tuesday, reaching $60.45. 485,381 shares of the company were exchanged, compared to its average volume of 316,517. The firm has a market cap of $2,410.00, a PE ratio of 51.67, a PEG ratio of 2.81 and a beta of 0.90. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. WageWorks has a one year low of $56.90 and a one year high of $80.50.
WageWorks (NYSE:WAGE) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The company had revenue of $115.70 million during the quarter, compared to analysts’ expectations of $117.09 million. WageWorks had a net margin of 9.87% and a return on equity of 9.60%. WageWorks’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. sell-side analysts anticipate that WageWorks will post 1.25 earnings per share for the current year.
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WageWorks Company 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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