Wageworks Inc (WAGE) Holdings Boosted by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Wageworks Inc (NYSE:WAGE) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,842 shares of the business services provider’s stock after acquiring an additional 6,511 shares during the period. Sei Investments Co. owned about 0.46% of Wageworks worth $11,336,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TimesSquare Capital Management LLC increased its position in shares of Wageworks by 7.9% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,615,179 shares of the business services provider’s stock valued at $158,741,000 after purchasing an additional 192,295 shares during the last quarter. DF Dent & Co. Inc. increased its position in shares of Wageworks by 10.8% during the 3rd quarter. DF Dent & Co. Inc. now owns 1,690,718 shares of the business services provider’s stock valued at $102,627,000 after purchasing an additional 165,179 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in shares of Wageworks by 12.1% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,196,846 shares of the business services provider’s stock valued at $74,204,000 after purchasing an additional 128,960 shares during the last quarter. Riverbridge Partners LLC increased its position in shares of Wageworks by 41.8% during the 4th quarter. Riverbridge Partners LLC now owns 1,117,403 shares of the business services provider’s stock valued at $69,279,000 after purchasing an additional 329,291 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of Wageworks by 11.4% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,041,870 shares of the business services provider’s stock valued at $63,242,000 after purchasing an additional 106,262 shares during the last quarter.

In related news, Director John William Larson sold 30,500 shares of Wageworks 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 completion of the sale, the director now owns 42,930 shares of the company’s stock, valued at approximately $2,737,216.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.54% of the company’s stock.

WAGE has been the subject of several research analyst reports. BidaskClub lowered Wageworks from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 target price (down from $85.00) on shares of Wageworks in a research report on Thursday, November 9th. Zacks Investment Research raised Wageworks from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a research report on Tuesday, November 14th. Finally, ValuEngine raised Wageworks from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $78.50.

Shares of Wageworks Inc (WAGE) opened at $55.05 on Friday. Wageworks Inc has a 12-month low of $53.60 and a 12-month high of $80.50. The stock has a market capitalization of $2,180.00, a price-to-earnings ratio of 47.05, a PEG ratio of 2.27 and a beta of 0.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.38.

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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.

Institutional Ownership by Quarter for Wageworks (NYSE:WAGE)

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