Kalmar Investments Inc. DE Sells 44,356 Shares of WageWorks Inc. (WAGE)
Kalmar Investments Inc. DE reduced its position in shares of WageWorks Inc. (NYSE:WAGE) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 593,989 shares of the company’s stock after selling 44,356 shares during the period. WageWorks makes up about 1.6% of Kalmar Investments Inc. DE’s holdings, making the stock its 13th largest position. Kalmar Investments Inc. DE’s holdings in WageWorks were worth $35,526,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of WAGE. Renaissance Technologies LLC raised its position in WageWorks by 24.9% in the first quarter. Renaissance Technologies LLC now owns 419,800 shares of the company’s stock valued at $21,246,000 after buying an additional 83,700 shares in the last quarter. Granahan Investment Management Inc. MA raised its position in WageWorks by 80.2% in the first quarter. Granahan Investment Management Inc. MA now owns 188,000 shares of the company’s stock valued at $9,515,000 after buying an additional 83,700 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in WageWorks during the first quarter valued at about $20,313,000. UBS Asset Management Americas Inc. raised its position in WageWorks by 499.9% in the first quarter. UBS Asset Management Americas Inc. now owns 138,574 shares of the company’s stock valued at $7,014,000 after buying an additional 115,475 shares in the last quarter. Finally, UBS Group AG raised its position in WageWorks by 10.3% in the first quarter. UBS Group AG now owns 27,248 shares of the company’s stock valued at $1,379,000 after buying an additional 2,551 shares in the last quarter.
WageWorks Inc. (NYSE:WAGE) traded up 0.26% during trading on Tuesday, reaching $58.20. The company had a trading volume of 79,227 shares. The firm has a market capitalization of $2.13 billion, a PE ratio of 95.41 and a beta of 0.92. The firm’s 50 day moving average price is $61.72 and its 200 day moving average price is $58.40. WageWorks Inc. has a 12-month low of $38.99 and a 12-month high of $65.43.
WageWorks (NYSE:WAGE) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The business earned $87.70 million during the quarter, compared to the consensus estimate of $87.42 million. WageWorks had a return on equity of 10.39% and a net margin of 6.58%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. Analysts anticipate that WageWorks Inc. will post $1.40 earnings per share for the current year.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered WageWorks from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 13th. JMP Securities restated a “buy” rating on shares of WageWorks in a research note on Wednesday, August 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $65.00 target price (up from $60.00) on shares of WageWorks in a research note on Thursday, August 11th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. WageWorks presently has an average rating of “Buy” and an average target price of $65.00.
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 and other employee benefits.
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