Teachers Retirement System of The State of Kentucky Trims Holdings in Wageworks Inc (WAGE)

Teachers Retirement System of The State of Kentucky reduced its stake in Wageworks Inc (NYSE:WAGE) by 40.0% during the third quarter, Holdings Channel reports. The fund owned 10,133 shares of the business services provider’s stock after selling 6,754 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Wageworks were worth $433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC grew its stake in shares of Wageworks by 218.5% in the 2nd quarter. FMR LLC now owns 2,178,770 shares of the business services provider’s stock worth $108,938,000 after buying an additional 1,494,766 shares in the last quarter. BlackRock Inc. grew its stake in shares of Wageworks by 7.9% in the 2nd quarter. BlackRock Inc. now owns 5,548,500 shares of the business services provider’s stock worth $277,424,000 after buying an additional 406,916 shares in the last quarter. Standard Life Aberdeen plc grew its stake in shares of Wageworks by 77.3% in the 2nd quarter. Standard Life Aberdeen plc now owns 651,145 shares of the business services provider’s stock worth $32,574,000 after buying an additional 283,908 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Wageworks by 14.2% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,104,741 shares of the business services provider’s stock worth $89,978,000 after buying an additional 261,970 shares in the last quarter. Finally, Chicago Capital LLC grew its stake in shares of Wageworks by 38.2% in the 3rd quarter. Chicago Capital LLC now owns 669,676 shares of the business services provider’s stock worth $28,629,000 after buying an additional 185,132 shares in the last quarter.

WAGE stock opened at $29.48 on Friday. Wageworks Inc has a 12 month low of $29.18 and a 12 month high of $63.45. The stock has a market cap of $1.19 billion, a P/E ratio of 24.02 and a beta of 1.21.

A number of research firms recently commented on WAGE. SunTrust Banks dropped their price target on shares of Wageworks to $56.00 and set a “buy” rating for the company in a research note on Thursday, September 13th. JMP Securities cut shares of Wageworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 13th. Wells Fargo & Co set a $45.00 price target on shares of Wageworks and gave the stock a “hold” rating in a research note on Tuesday, October 16th. Finally, Zacks Investment Research cut shares of Wageworks from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 18th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Wageworks presently has an average rating of “Hold” and an average target price of $58.00.

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About Wageworks

WageWorks, Inc is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits.

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Institutional Ownership by Quarter for Wageworks (NYSE:WAGE)

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