Wageworks Inc (WAGE) is Summit Creek Advisors LLC’s 2nd Largest Position

Summit Creek Advisors LLC reduced its stake in shares of Wageworks Inc (NYSE:WAGE) by 24.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,359 shares of the business services provider’s stock after selling 71,070 shares during the period. Wageworks comprises about 3.3% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Summit Creek Advisors LLC owned approximately 0.60% of Wageworks worth $15,932,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Rhumbline Advisers increased its position in shares of Wageworks by 6.3% in the third quarter. Rhumbline Advisers now owns 47,146 shares of the business services provider’s stock worth $2,872,000 after buying an additional 2,815 shares during the period. Teachers Advisors LLC increased its position in shares of Wageworks by 4.1% in the third quarter. Teachers Advisors LLC now owns 251,286 shares of the business services provider’s stock worth $15,306,000 after buying an additional 9,785 shares during the period. New York State Common Retirement Fund increased its position in shares of Wageworks by 28.6% in the third quarter. New York State Common Retirement Fund now owns 46,925 shares of the business services provider’s stock worth $2,858,000 after buying an additional 10,425 shares during the period. BlackRock Fund Advisors increased its position in shares of Wageworks by 8.5% in the third quarter. BlackRock Fund Advisors now owns 2,538,128 shares of the business services provider’s stock worth $154,597,000 after buying an additional 199,060 shares during the period. Finally, BlackRock Investment Management LLC increased its position in shares of Wageworks by 0.6% in the third quarter. BlackRock Investment Management LLC now owns 152,937 shares of the business services provider’s stock worth $9,315,000 after buying an additional 879 shares during the period.

Institutional Ownership by Quarter for Wageworks (NYSE:WAGE)

Shares of Wageworks Inc (NYSE:WAGE) traded up 0.21% during mid-day trading on Friday, hitting $73.00. 298,952 shares of the company traded hands. Wageworks Inc has a one year low of $52.81 and a one year high of $80.50. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 135.19 and a beta of 1.04. The firm has a 50-day moving average of $74.33 and a 200-day moving average of $70.62.

Wageworks (NYSE:WAGE) last released its quarterly earnings data on Thursday, February 23rd. The business services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Wageworks had a net margin of 5.98% and a return on equity of 9.09%. The company earned $101.10 million during the quarter, compared to analyst estimates of $103.85 million. During the same period last year, the business earned $0.33 earnings per share. Wageworks’s revenue was up 21.7% compared to the same quarter last year. On average, equities analysts predict that Wageworks Inc will post $1.77 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2486139/wageworks-inc-wage-is-summit-creek-advisors-llcs-2nd-largest-position.html.

A number of research analysts have recently commented on the stock. Stifel Nicolaus lifted their price objective on shares of Wageworks from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Zacks Investment Research raised shares of Wageworks from a “sell” rating to a “hold” rating in a research report on Thursday, March 2nd. William Blair reissued an “outperform” rating on shares of Wageworks in a research report on Friday, February 24th. Needham & Company LLC reissued a “buy” rating and issued a $74.00 price objective on shares of Wageworks in a research report on Wednesday, January 11th. Finally, Chardan Capital lifted their price objective on shares of Wageworks from $86.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $76.60.

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.

5 Day Chart for NYSE:WAGE

Want to see what other hedge funds are holding WAGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wageworks Inc (NYSE:WAGE).

Receive News & Ratings for Wageworks Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wageworks Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Shares at Radius Jump as Bone Drug of Amgen Has Setback
Shares at Radius Jump as Bone Drug of Amgen Has Setback
Blackberry Returns as Stock Surges Following WannaCry
Blackberry Returns as Stock Surges Following WannaCry
Flight Attendants Accuse Frontier Airlines of Not Allowing Breast Feeding
Flight Attendants Accuse Frontier Airlines of Not Allowing Breast Feeding
General Motors’ Maven Launches in New York City
General Motors’ Maven Launches in New York City
Hyundai and Kia Recall Ordered by South Korea Officials
Hyundai and Kia Recall Ordered by South Korea Officials
Spirit Airlines Cancellations Cause Chaos in Airport
Spirit Airlines Cancellations Cause Chaos in Airport


© 2006-2017 Ticker Report. Google+.