United Services Automobile Association Has $3.11 Million Position in Wageworks Inc (WAGE)

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.

Several research firms have issued reports on WAGE. Wells Fargo & Co set a $45.00 target price on shares of Wageworks and gave the company a “hold” rating in a research note on Tuesday. ValuEngine upgraded shares of Wageworks from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Zacks Investment Research upgraded shares of Wageworks from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. JMP Securities cut shares of Wageworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 13th. Finally, Stifel Nicolaus lowered their target price on shares of Wageworks from $80.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, June 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $58.00.

About Wageworks

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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Institutional Ownership by Quarter for Wageworks (NYSE:WAGE)

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