AQR Capital Management LLC continued to hold its position in shares of WageWorks, Inc. (NYSE:WAGE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,902 shares of the business services provider’s stock at the end of the first quarter. AQR Capital Management LLC’s holdings in WageWorks were worth $1,005,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of WageWorks by 25.3% in the first quarter. Ameriprise Financial Inc. now owns 492,930 shares of the business services provider’s stock valued at $35,639,000 after buying an additional 99,528 shares during the last quarter. Sei Investments Co. raised its position in shares of WageWorks by 27.6% in the first quarter. Sei Investments Co. now owns 97,044 shares of the business services provider’s stock valued at $7,016,000 after buying an additional 21,007 shares during the last quarter. Strs Ohio raised its position in shares of WageWorks by 38.5% in the first quarter. Strs Ohio now owns 185,900 shares of the business services provider’s stock valued at $13,440,000 after buying an additional 51,700 shares during the last quarter. Vanguard Group Inc. raised its position in shares of WageWorks by 6.0% in the first quarter. Vanguard Group Inc. now owns 3,254,360 shares of the business services provider’s stock valued at $235,290,000 after buying an additional 183,172 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of WageWorks by 61.4% in the first quarter. Bank of America Corp DE now owns 314,522 shares of the business services provider’s stock valued at $22,739,000 after buying an additional 119,614 shares during the last quarter. 96.28% of the stock is currently owned by institutional investors.

WageWorks, Inc. (WAGE) remained flat at $57.95 during trading on Wednesday. The company’s stock had a trading volume of 214,814 shares. The firm has a 50-day moving average price of $65.83 and a 200 day moving average price of $71.22. The stock has a market capitalization of $2.30 billion, a P/E ratio of 52.92 and a beta of 0.86. WageWorks, Inc. has a 12 month low of $55.65 and a 12 month high of $80.50.

WageWorks (NYSE:WAGE) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.11. WageWorks had a net margin of 9.60% and a return on equity of 9.52%. The firm had revenue of $119.90 million during the quarter, compared to analysts’ expectations of $119.18 million. During the same period in the prior year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 36.7% on a year-over-year basis. Equities research analysts predict that WageWorks, Inc. will post $1.75 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on WAGE shares. Zacks Investment Research lowered shares of WageWorks from a “strong-buy” rating to a “hold” rating in a report on Friday, July 7th. TheStreet raised shares of WageWorks from a “c+” rating to a “b” rating in a report on Friday, May 5th. BidaskClub lowered shares of WageWorks from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 14th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $85.00 price objective on shares of WageWorks in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $78.37.

In other WageWorks news, COO Edgar O. Montes sold 50,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $69.25, for a total value of $3,462,500.00. Following the sale, the chief operating officer now directly owns 71,895 shares of the company’s stock, valued at approximately $4,978,728.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joseph L. Jackson sold 495,148 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $69.25, for a total transaction of $34,288,999.00. Following the completion of the sale, the chief executive officer now directly owns 103,363 shares in the company, valued at $7,157,887.75. The disclosure for this sale can be found here. Corporate insiders own 3.54% of the company’s stock.

About WageWorks

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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Institutional Ownership by Quarter for WageWorks (NYSE:WAGE)

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