WageWorks Inc. (WAGE) Director Bruce G. Bodaken Sells 10,000 Shares
WageWorks Inc. (NYSE:WAGE) Director Bruce G. Bodaken sold 10,000 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $72.88, for a total transaction of $728,800.00. Following the completion of the sale, the director now owns 13,442 shares in the company, valued at $979,652.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
WageWorks Inc. (NYSE:WAGE) traded up 0.34% during trading on Monday, reaching $73.05. 158,603 shares of the company’s stock were exchanged. WageWorks Inc. has a 52 week low of $38.99 and a 52 week high of $75.28. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 130.45 and a beta of 0.95. The company’s 50 day moving average price is $62.71 and its 200-day moving average price is $60.48.
WageWorks (NYSE:WAGE) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The company had revenue of $88.90 million for the quarter. WageWorks had a net margin of 5.98% and a return on equity of 9.09%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. On average, equities analysts expect that WageWorks Inc. will post $1.38 EPS for the current year.
Several equities analysts recently issued reports on the stock. JMP Securities upped their price objective on shares of WageWorks from $60.00 to $70.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 10th. Needham & Company LLC reissued a “buy” rating and set a $74.00 price objective (up previously from $65.00) on shares of WageWorks in a research note on Thursday, November 10th. William Blair reissued an “outperform” rating and set a $67.20 price objective on shares of WageWorks in a research note on Thursday, November 10th. Finally, Zacks Investment Research raised shares of WageWorks from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 12th. Eight analysts have rated the stock with a buy rating, WageWorks has an average rating of “Buy” and a consensus target price of $69.60.
Several institutional investors have recently made changes to their positions in WAGE. Invictus RG acquired a new position in shares of WageWorks during the second quarter valued at about $100,000. Victory Capital Management Inc. increased its position in WageWorks by 8.9% in the third quarter. Victory Capital Management Inc. now owns 1,726 shares of the company’s stock valued at $105,000 after buying an additional 141 shares during the period. Quantbot Technologies LP purchased a new position in WageWorks during the second quarter valued at $122,000. BlackRock Inc. increased its position in WageWorks by 139.9% in the first quarter. BlackRock Inc. now owns 2,464 shares of the company’s stock valued at $125,000 after buying an additional 1,437 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in WageWorks during the second quarter valued at $126,000.
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 and other employee benefits.
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