Scout Investments Inc. boosted its stake in shares of WageWorks, Inc. (NYSE:WAGE) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,550 shares of the business services provider’s stock after purchasing an additional 5,400 shares during the quarter. Scout Investments Inc. owned 114,735.52% of WageWorks worth $2,765,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. raised its stake in WageWorks by 3.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,275 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 122 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in WageWorks by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 139 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in WageWorks by 0.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 23,347 shares of the business services provider’s stock valued at $1,569,000 after purchasing an additional 155 shares during the last quarter. Advisor Group Inc. raised its stake in WageWorks by 10.8% during the 2nd quarter. Advisor Group Inc. now owns 1,594 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 156 shares during the last quarter. Finally, First Mercantile Trust Co. increased its holdings in WageWorks by 20.7% in the 2nd quarter. First Mercantile Trust Co. now owns 1,925 shares of the business services provider’s stock valued at $129,000 after buying an additional 330 shares during the period.
Shares of WageWorks, Inc. (NYSE WAGE) opened at $61.50 on Friday. The stock has a market cap of $2,437.68, a price-to-earnings ratio of 49.20, a price-to-earnings-growth ratio of 3.46 and a beta of 0.92. The company has a quick ratio of 1.47, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. WageWorks, Inc. has a fifty-two week low of $56.90 and a fifty-two week high of $80.50.
WageWorks (NYSE:WAGE) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. WageWorks had a net margin of 9.87% and a return on equity of 9.60%. The business had revenue of $115.70 million for the quarter, compared to analyst estimates of $117.09 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. equities research analysts forecast that WageWorks, Inc. will post 1.21 earnings per share for the current fiscal year.
Several brokerages have issued reports on WAGE. Zacks Investment Research lowered shares of WageWorks from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target on shares of WageWorks in a report on Monday, July 17th. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price target on shares of WageWorks in a report on Friday, October 6th. Finally, BidaskClub raised shares of WageWorks from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. WageWorks presently has an average rating of “Hold” and a consensus target price of $83.00.
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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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