Shares of WageWorks, Inc. (NYSE:WAGE) have been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $79.75.
Several analysts have issued reports on WAGE shares. Zacks Investment Research cut WageWorks from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. BidaskClub raised WageWorks from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price objective on shares of WageWorks in a research report on Friday, October 6th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price objective (down previously from $85.00) on shares of WageWorks in a research report on Thursday, November 9th.
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In other news, insider Kimberly L. Wilford sold 50,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $62.13, for a total value of $3,106,500.00. Following the completion of the sale, the insider now owns 93,238 shares of the company’s stock, valued at approximately $5,792,876.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.54% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in WageWorks by 6.1% in the 2nd quarter. BlackRock Inc. now owns 4,659,600 shares of the business services provider’s stock worth $313,124,000 after acquiring an additional 267,481 shares during the last quarter. Vanguard Group Inc. raised its stake in WageWorks by 7.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,512,829 shares of the business services provider’s stock worth $236,063,000 after acquiring an additional 258,469 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in WageWorks by 7.9% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,615,179 shares of the business services provider’s stock worth $158,741,000 after acquiring an additional 192,295 shares during the last quarter. DF Dent & Co. Inc. raised its stake in WageWorks by 10.8% in the 3rd quarter. DF Dent & Co. Inc. now owns 1,690,718 shares of the business services provider’s stock worth $102,627,000 after acquiring an additional 165,179 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in WageWorks by 47.8% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,067,886 shares of the business services provider’s stock worth $64,821,000 after acquiring an additional 345,272 shares during the last quarter.
Shares of WageWorks (WAGE) traded up $0.25 during midday trading on Monday, reaching $62.20. The company’s stock had a trading volume of 275,000 shares, compared to its average volume of 293,477. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $2,455.48, a PE ratio of 49.56, a PEG ratio of 3.31 and a beta of 0.92. WageWorks has a 1-year low of $56.90 and a 1-year high of $80.50.
WageWorks (NYSE:WAGE) last announced its earnings results on Wednesday, November 8th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The business had revenue of $115.70 million for the quarter, compared to analysts’ expectations of $117.09 million. WageWorks had a return on equity of 9.60% and a net margin of 9.87%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. analysts forecast that WageWorks will post 1.25 EPS for the current year.
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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