LPL Financial LLC Boosts Holdings in WageWorks (WAGE)

LPL Financial LLC raised its stake in WageWorks (NYSE:WAGE) by 26.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,242 shares of the business services provider’s stock after acquiring an additional 1,106 shares during the quarter. LPL Financial LLC’s holdings in WageWorks were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. New York State Common Retirement Fund grew its position in shares of WageWorks by 1.2% during the 3rd quarter. New York State Common Retirement Fund now owns 78,353 shares of the business services provider’s stock worth $4,756,000 after buying an additional 900 shares during the period. Louisiana State Employees Retirement System grew its position in shares of WageWorks by 6.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the business services provider’s stock worth $1,060,000 after buying an additional 1,000 shares during the period. Flinton Capital Management LLC grew its position in shares of WageWorks by 28.1% during the 4th quarter. Flinton Capital Management LLC now owns 5,882 shares of the business services provider’s stock worth $365,000 after buying an additional 1,292 shares during the period. Geode Capital Management LLC grew its position in shares of WageWorks by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 341,199 shares of the business services provider’s stock worth $21,154,000 after buying an additional 1,392 shares during the period. Finally, Swiss National Bank grew its position in shares of WageWorks by 2.3% during the 4th quarter. Swiss National Bank now owns 67,600 shares of the business services provider’s stock worth $4,191,000 after buying an additional 1,500 shares during the period.

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Several research firms recently weighed in on WAGE. ValuEngine lowered shares of WageWorks from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 12th. JMP Securities reissued an “outperform” rating and set a $60.00 price objective (down previously from $82.00) on shares of WageWorks in a research note on Monday, April 9th. Needham & Company LLC began coverage on shares of WageWorks in a research note on Friday, April 6th. They set a “hold” rating on the stock. TheStreet lowered shares of WageWorks from a “b-” rating to a “c+” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research raised shares of WageWorks from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. WageWorks has a consensus rating of “Hold” and an average price target of $71.75.

WageWorks stock opened at $44.10 on Monday. WageWorks has a fifty-two week low of $38.40 and a fifty-two week high of $76.55. The company has a market cap of $1,747.99, a P/E ratio of 49.00, a PEG ratio of 1.64 and a beta of 0.96. 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 engages in administering consumer-directed benefits (CDBs), which empower employees to save money on taxes, as well as provides corporate tax advantages for employers in the United States. It administers CDBs, 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 offers commuter benefit services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act, and other employee benefits.

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Institutional Ownership by Quarter for WageWorks (NYSE:WAGE)

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