GSA Capital Partners LLP bought a new position in shares of WageWorks, Inc. (NYSE:WAGE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,258 shares of the business services provider’s stock, valued at approximately $286,000.
Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 during the last quarter. Victory Capital Management Inc. lifted its position in shares of WageWorks by 8.0% during the first quarter. Victory Capital Management Inc. now owns 1,819 shares of the business services provider’s stock worth $132,000 after purchasing an additional 134 shares during the last quarter. First Mercantile Trust Co. lifted its position 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 during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of WageWorks during the first quarter worth $200,000. Finally, Nomura Holdings Inc. bought a new stake in shares of WageWorks during the first quarter worth $213,000.
WageWorks, Inc. (WAGE) opened at 64.05 on Thursday. The stock’s 50 day moving average price is $60.65 and its 200 day moving average price is $65.77. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 58.49 and a beta of 0.84. WageWorks, Inc. has a 52 week low of $55.65 and a 52 week high of $80.50.
WageWorks (NYSE:WAGE) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.11). WageWorks had a return on equity of 9.52% and a net margin of 9.60%. The firm had revenue of $119.90 million for the quarter, compared to analyst estimates of $119.18 million. During the same period in the previous year, the company posted $0.36 EPS. WageWorks’s revenue was up 36.7% on a year-over-year basis. On average, analysts forecast that WageWorks, Inc. will post $1.75 earnings per share for the current year.
Several analysts have recently weighed in on WAGE shares. Zacks Investment Research downgraded WageWorks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 7th. BidaskClub upgraded WageWorks from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Needham & Company LLC restated a “buy” rating and set a $82.00 price target on shares of WageWorks in a research note on Friday, October 6th. Finally, Stifel Nicolaus restated a “buy” rating and set a $85.00 price target on shares of WageWorks in a research note on Monday, July 17th. One research 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 currently has an average rating of “Hold” and an average target price of $80.30.
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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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