United Services Automobile Association decreased its position in Wageworks Inc (NYSE:WAGE) by 59.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,210 shares of the business services provider’s stock after selling 92,557 shares during the period. United Services Automobile Association owned approximately 0.16% of Wageworks worth $3,111,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in WAGE. CenterStar Asset Management LLC bought a new position in Wageworks in the 2nd quarter worth about $114,000. Polen Capital Management LLC bought a new position in Wageworks in the 2nd quarter worth about $207,000. Xact Kapitalforvaltning AB boosted its stake in Wageworks by 67.9% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,430 shares of the business services provider’s stock worth $291,000 after purchasing an additional 2,600 shares in the last quarter. LPL Financial LLC boosted its stake in Wageworks by 26.8% in the 1st quarter. LPL Financial LLC now owns 6,646 shares of the business services provider’s stock worth $299,000 after purchasing an additional 1,404 shares in the last quarter. Finally, Profund Advisors LLC lifted its stake in Wageworks by 40.2% during the 1st quarter. Profund Advisors LLC now owns 7,787 shares of the business services provider’s stock valued at $352,000 after acquiring an additional 2,233 shares during the period.
WAGE opened at $43.00 on Wednesday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 34.20 and a beta of 1.33. Wageworks Inc has a 52-week low of $38.40 and a 52-week high of $65.80.
WageWorks, Inc engages in the provision of consumer-directed benefits. It offers health card programs, health savings account, pre-tax spending accounts, medical and dental reimbursement arrangements, and transit and parking programs. The company was founded by Clem O’Donnell and Jon Kessler on January 28, 2000 and is headquartered in San Mateo, CA.
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