Brown Advisory Inc. raised its stake in WageWorks, Inc. (NYSE:WAGE) by 45.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 287,415 shares of the business services provider’s stock after buying an additional 90,001 shares during the period. Brown Advisory Inc. owned approximately 0.73% of WageWorks worth $17,446,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stephens Investment Management Group LLC increased its holdings in WageWorks by 2.4% in the second quarter. Stephens Investment Management Group LLC now owns 935,608 shares of the business services provider’s stock valued at $62,873,000 after buying an additional 21,726 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in WageWorks by 46.2% in the second quarter. TimesSquare Capital Management LLC now owns 2,422,884 shares of the business services provider’s stock valued at $162,818,000 after buying an additional 765,715 shares in the last quarter. Legal & General Group Plc increased its holdings in WageWorks by 17.5% in the second quarter. Legal & General Group Plc now owns 75,278 shares of the business services provider’s stock valued at $5,057,000 after buying an additional 11,227 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in WageWorks by 169.2% in the second quarter. Eagle Asset Management Inc. now owns 966,101 shares of the business services provider’s stock valued at $64,921,000 after buying an additional 607,164 shares in the last quarter. Finally, Scout Investments Inc. increased its holdings in WageWorks by 13.4% in the third quarter. Scout Investments Inc. now owns 45,550 shares of the business services provider’s stock valued at $2,765,000 after buying an additional 5,400 shares in the last quarter.

In related news, Director John William Larson sold 30,500 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 42,930 shares in the company, valued at $2,737,216.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kimberly L. Wilford sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $62.13, for a total transaction of $3,106,500.00. Following the sale, the insider now owns 93,238 shares in the company, valued at approximately $5,792,876.94. The disclosure for this sale can be found here. 3.54% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on WAGE shares. Zacks Investment Research cut shares of WageWorks from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. BidaskClub raised shares of WageWorks from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price target on shares of WageWorks in a research report on Friday, October 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price target (down from $85.00) on shares of WageWorks in a research report on Thursday, November 9th. Finally, ValuEngine upgraded shares of WageWorks from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. WageWorks currently has a consensus rating of “Hold” and a consensus target price of $79.75.

WageWorks, Inc. (NYSE WAGE) remained flat at $$64.15 during mid-day trading on Monday. 664,500 shares of the company traded hands, compared to its average volume of 293,722. The firm has a market capitalization of $2,542.68, a price-to-earnings ratio of 51.32, a price-to-earnings-growth ratio of 3.43 and a beta of 0.90. WageWorks, Inc. has a 1-year low of $56.90 and a 1-year high of $80.50. 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 results on Wednesday, November 8th. The business services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. The business had revenue of $115.70 million for the quarter, compared to analyst estimates of $117.09 million. WageWorks had a net margin of 9.87% and a return on equity of 9.60%. The company’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. analysts predict that WageWorks, Inc. will post 1.25 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for WageWorks (NYSE:WAGE)

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