Sei Investments Co. Boosts Stake in WageWorks, Inc. (WAGE)

Sei Investments Co. lifted its stake in shares of WageWorks, Inc. (NYSE:WAGE) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,331 shares of the business services provider’s stock after buying an additional 18,620 shares during the period. Sei Investments Co. owned approximately 0.44% of WageWorks worth $10,704,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its holdings in shares of WageWorks by 3.9% during the second quarter. Ameritas Investment Partners Inc. now owns 3,275 shares of the business services provider’s stock worth $220,000 after purchasing an additional 122 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of WageWorks by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the business services provider’s stock worth $107,000 after purchasing an additional 139 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of WageWorks by 0.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 23,347 shares of the business services provider’s stock worth $1,569,000 after purchasing an additional 155 shares in the last quarter. Advisor Group Inc. increased its stake in shares of WageWorks by 10.8% during the second quarter. Advisor Group Inc. now owns 1,594 shares of the business services provider’s stock worth $107,000 after purchasing an additional 156 shares in the last quarter. Finally, First Mercantile Trust Co. increased its stake in shares of WageWorks by 20.7% during the second quarter. First Mercantile Trust Co. now owns 1,925 shares of the business services provider’s stock worth $129,000 after purchasing an additional 330 shares in the last quarter.

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WAGE has been the subject of a number of research reports. Zacks Investment Research cut shares of WageWorks from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of WageWorks from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. 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. Finally, Stifel Nicolaus reissued a “buy” rating and set a $80.00 target price (down previously from $85.00) on shares of WageWorks in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $79.75.

Shares of WageWorks, Inc. (WAGE) opened at $60.65 on Monday. The company has a market cap of $2,403.96, a PE ratio of 48.52, a PEG ratio of 3.24 and a beta of 0.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.38. WageWorks, Inc. has a one year low of $56.90 and a one year high of $80.50.

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

In related news, insider Kimberly L. Wilford sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 93,238 shares in the company, valued at $5,792,876.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.54% of the company’s stock.

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.

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Institutional Ownership by Quarter for WageWorks (NYSE:WAGE)

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