WageWorks (NYSE:WAGE) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research firms also recently issued reports on WAGE. Zacks Investment Research upgraded shares of WageWorks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Needham & Company LLC reiterated a “buy” rating and set a $82.00 price objective on shares of WageWorks in a research note on Friday, October 6th. BidaskClub upgraded shares of WageWorks from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $80.00 price objective (down from $85.00) on shares of WageWorks in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $79.75.

Shares of WageWorks (WAGE) opened at $64.15 on Friday. WageWorks has a twelve month low of $56.90 and a twelve month high of $80.50. The stock has a market cap of $2,542.68, a P/E ratio of 51.32, a P/E/G ratio of 3.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 1.38.

WageWorks (NYSE:WAGE) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. WageWorks had a net margin of 9.87% and a return on equity of 9.60%. The company had revenue of $115.70 million during the quarter, compared to the consensus estimate of $117.09 million. During the same period in the previous year, the firm earned $0.34 earnings per share. WageWorks’s revenue for the quarter was up 30.1% on a year-over-year basis. equities analysts anticipate that WageWorks will post 1.25 EPS for the current year.

In other WageWorks news, insider Kimberly L. Wilford sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $62.13, for a total transaction of $3,106,500.00. Following the completion of the sale, the insider now directly owns 93,238 shares in the company, valued at $5,792,876.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John William Larson sold 30,500 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $63.76, for a total transaction of $1,944,680.00. Following the completion of the transaction, the director now owns 42,930 shares of the company’s stock, valued at $2,737,216.80. The disclosure for this sale can be found here. 3.54% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in WAGE. Aperio Group LLC boosted its stake in shares of WageWorks by 93.6% in the second quarter. Aperio Group LLC now owns 18,600 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 8,994 shares during the period. US Bancorp DE boosted its stake in shares of WageWorks by 39.4% in the second quarter. US Bancorp DE now owns 11,091 shares of the business services provider’s stock valued at $745,000 after purchasing an additional 3,136 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of WageWorks by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 336,117 shares of the business services provider’s stock valued at $22,588,000 after purchasing an additional 69,572 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of WageWorks by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,800 shares of the business services provider’s stock valued at $591,000 after purchasing an additional 430 shares during the period. Finally, NGAM Advisors L.P. purchased a new position in shares of WageWorks in the second quarter valued at $692,000.

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About WageWorks

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.

Analyst Recommendations for WageWorks (NYSE:WAGE)

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