Oppenheimer Asset Management Inc. lifted its position in WageWorks, Inc. (NYSE:WAGE) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,658 shares of the business services provider’s stock after acquiring an additional 811 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.09% of WageWorks worth $2,225,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WAGE. TimesSquare Capital Management LLC raised its holdings in shares of 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 acquiring an additional 765,715 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of 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 acquiring an additional 607,164 shares in the last quarter. Marshall Wace North America L.P. raised its holdings in shares of WageWorks by 3,456.3% in the second quarter. Marshall Wace North America L.P. now owns 456,954 shares of the business services provider’s stock valued at $30,616,000 after acquiring an additional 444,105 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of WageWorks by 24,301.3% in the second quarter. Victory Capital Management Inc. now owns 443,859 shares of the business services provider’s stock valued at $29,827,000 after acquiring an additional 442,040 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of WageWorks by 47.8% in the third quarter. Conestoga Capital Advisors LLC now owns 1,067,886 shares of the business services provider’s stock valued at $64,821,000 after acquiring an additional 345,272 shares in the last quarter.

In other news, insider Kimberly L. Wilford sold 50,000 shares of the business’s stock in a transaction dated 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 $5,792,876.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John William Larson sold 30,500 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $63.76, for a total value of $1,944,680.00. Following the sale, the director now owns 42,930 shares in the company, valued at approximately $2,737,216.80. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by insiders.

A number of equities analysts have commented on the stock. ValuEngine upgraded shares of WageWorks from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of WageWorks from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a report on Tuesday, November 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 target price (down from $85.00) on shares of WageWorks in a report on Thursday, November 9th. BidaskClub downgraded shares of WageWorks from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $82.00 target price on shares of WageWorks in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $79.75.

Shares of WageWorks, Inc. (NYSE:WAGE) traded down $0.45 during trading on Tuesday, reaching $61.55. 286,400 shares of the company’s stock were exchanged, compared to its average volume of 291,205. The company has a market capitalization of $2,457.47, a P/E ratio of 49.60, a PEG ratio of 3.31 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, Inc. has a fifty-two week low of $56.90 and a fifty-two week high of $80.50.

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