WageWorks, Inc. (WAGE) Cut to “Strong Sell” at BidaskClub
BidaskClub cut shares of WageWorks, Inc. (NYSE:WAGE) from a sell rating to a strong sell rating in a research report report published on Thursday.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut WageWorks from a hold rating to a sell rating in a research report on Thursday, July 20th. Stifel Nicolaus reaffirmed a buy rating and set a $85.00 price objective on shares of WageWorks in a research report on Monday, July 17th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $82.00 price objective on shares of WageWorks in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $83.00.
WageWorks (WAGE) traded up $0.15 during midday trading on Thursday, hitting $61.50. The company had a trading volume of 287,900 shares, compared to its average volume of 291,878. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2,437.65, a PE ratio of 49.20, a PEG ratio of 3.40 and a beta of 0.92. WageWorks has a 12 month low of $56.90 and a 12 month high of $80.50.
WageWorks (NYSE:WAGE) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company 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%. WageWorks’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. equities analysts anticipate that WageWorks will post 1.21 EPS for the current year.
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Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in WageWorks by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 139 shares in the last quarter. Advisor Group Inc. boosted its position in WageWorks by 10.8% during the 2nd quarter. Advisor Group Inc. now owns 1,594 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 156 shares in the last quarter. First Mercantile Trust Co. lifted its holdings 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 valued at $129,000 after purchasing an additional 330 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of WageWorks by 85.3% during the second quarter. Riverhead Capital Management LLC now owns 2,964 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 1,364 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted 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 valued at $220,000 after purchasing an additional 122 shares during the last quarter.
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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