Wageworks Inc (WAGE) Receives Average Rating of “Hold” from Brokerages

Wageworks Inc (NYSE:WAGE) has received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $75.67.

WAGE has been the subject of a number of recent research reports. Zacks Investment Research cut Wageworks from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. ValuEngine upgraded Wageworks from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, TheStreet cut Wageworks from a “b-” rating to a “c+” rating in a research note on Wednesday, March 7th.

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Institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Wageworks by 1.9% in the fourth quarter. BlackRock Inc. now owns 5,117,229 shares of the business services provider’s stock worth $317,270,000 after acquiring an additional 93,947 shares during the period. TimesSquare Capital Management LLC grew its holdings in shares of Wageworks by 10.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,891,844 shares of the business services provider’s stock worth $179,294,000 after acquiring an additional 276,665 shares during the period. DF Dent & Co. Inc. grew its holdings in shares of Wageworks by 21.8% in the fourth quarter. DF Dent & Co. Inc. now owns 2,060,014 shares of the business services provider’s stock worth $127,721,000 after acquiring an additional 369,296 shares during the period. Conestoga Capital Advisors LLC grew its holdings in shares of Wageworks by 12.1% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,196,846 shares of the business services provider’s stock worth $74,204,000 after acquiring an additional 128,960 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in shares of Wageworks by 13.9% in the fourth quarter. Eagle Asset Management Inc. now owns 1,143,459 shares of the business services provider’s stock worth $70,649,000 after acquiring an additional 139,169 shares during the period.

Shares of Wageworks stock traded down $1.85 during trading hours on Friday, reaching $43.65. The company’s stock had a trading volume of 310,253 shares, compared to its average volume of 798,813. The stock has a market capitalization of $1,730.16, a PE ratio of 37.31, a price-to-earnings-growth ratio of 1.63 and a beta of 0.87. Wageworks has a 1-year low of $38.40 and a 1-year high of $76.55. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41.

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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.

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