Pacer Advisors Inc. Has $532,000 Stock Position in Wageworks Inc (NYSE:WAGE)

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Pacer Advisors Inc. trimmed its stake in shares of Wageworks Inc (NYSE:WAGE) by 50.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,473 shares of the business services provider’s stock after selling 10,752 shares during the quarter. Pacer Advisors Inc.’s holdings in Wageworks were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WAGE. State of Alaska Department of Revenue boosted its holdings in shares of Wageworks by 1.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 13,573 shares of the business services provider’s stock worth $689,000 after acquiring an additional 216 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Wageworks by 2.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,860 shares of the business services provider’s stock worth $602,000 after acquiring an additional 240 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Wageworks by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,350 shares of the business services provider’s stock worth $580,000 after acquiring an additional 277 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Wageworks by 30.0% in the 1st quarter. Royce & Associates LP now owns 1,290 shares of the business services provider’s stock worth $49,000 after acquiring an additional 298 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its holdings in shares of Wageworks by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 12,730 shares of the business services provider’s stock worth $481,000 after acquiring an additional 421 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

NYSE:WAGE remained flat at $$51.34 during trading hours on Monday. The company has a fifty day simple moving average of $51.25 and a 200-day simple moving average of $46.47. Wageworks Inc has a twelve month low of $25.15 and a twelve month high of $53.85. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.07 billion, a P/E ratio of 62.61 and a beta of 1.40.

Wageworks (NYSE:WAGE) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). Wageworks had a return on equity of 2.95% and a net margin of 2.17%. The firm had revenue of $108.63 million for the quarter, compared to analyst estimates of $118.10 million. On average, analysts anticipate that Wageworks Inc will post 1.08 EPS for the current year.

Several brokerages have recently commented on WAGE. Stifel Nicolaus downgraded Wageworks from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Monday, July 15th. SunTrust Banks downgraded Wageworks from a “buy” rating to a “hold” rating in a report on Friday, June 28th. JMP Securities downgraded Wageworks from an “outperform” rating to a “market perform” rating in a report on Friday, June 28th. Zacks Investment Research raised Wageworks from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, William Blair downgraded Wageworks from an “outperform” rating to a “market perform” rating in a report on Thursday, June 27th. Six equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $54.50.

About Wageworks

WageWorks, Inc is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits.

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Institutional Ownership by Quarter for Wageworks (NYSE:WAGE)

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