WageWorks Inc. (NYSE:WAGE) Director Edward C. Nafus sold 2,000 shares of the business’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $74.34, for a total value of $148,680.00. Following the completion of the sale, the director now directly owns 8,500 shares in the company, valued at approximately $631,890. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

WageWorks Inc. (NYSE:WAGE) opened at 73.30 on Wednesday. The stock has a market cap of $2.69 billion, a P/E ratio of 130.89 and a beta of 0.95. The stock’s 50 day moving average price is $64.37 and its 200-day moving average price is $61.03. WageWorks Inc. has a one year low of $38.99 and a one year high of $75.28.

WageWorks (NYSE:WAGE) last released its earnings results on Wednesday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The firm earned $88.90 million during the quarter. WageWorks had a return on equity of 9.09% and a net margin of 5.98%. WageWorks’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. On average, analysts predict that WageWorks Inc. will post $1.38 earnings per share for the current year.

Insider Buying and Selling by Quarter for WageWorks (NYSE:WAGE)

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A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded WageWorks from a “sell” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Wednesday, November 16th. Needham & Company LLC restated a “buy” rating and issued a $74.00 target price (up from $65.00) on shares of WageWorks in a report on Thursday, November 10th. William Blair restated an “outperform” rating and issued a $67.20 target price on shares of WageWorks in a report on Thursday, November 10th. Finally, JMP Securities restated a “buy” rating on shares of WageWorks in a report on Wednesday, August 31st. Eight analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $69.60.

A number of institutional investors have recently added to or reduced their stakes in the company. Invictus RG purchased a new position in WageWorks during the second quarter worth about $100,000. Victory Capital Management Inc. boosted 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 worth $105,000 after buying an additional 141 shares during the period. Quantbot Technologies LP purchased a new position in WageWorks during the second quarter worth about $122,000. O Shaughnessy Asset Management LLC purchased a new position in WageWorks during the second quarter worth about $126,000. Finally, US Bancorp DE boosted its position in WageWorks by 5.2% in the third quarter. US Bancorp DE now owns 2,149 shares of the company’s stock worth $131,000 after buying an additional 106 shares during the period.

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 and other employee benefits.

5 Day Chart for NYSE:WAGE

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