SG Americas Securities LLC trimmed its stake in shares of WageWorks, Inc. (NYSE:WAGE) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,716 shares of the business services provider’s stock after selling 177 shares during the quarter. SG Americas Securities LLC’s holdings in WageWorks were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in WageWorks by 8.1% during the first quarter. State Street Corp now owns 844,713 shares of the business services provider’s stock valued at $61,076,000 after purchasing an additional 63,265 shares in the last quarter. Cohen Capital Management Inc. boosted its holdings in WageWorks by 45.3% during the second quarter. Cohen Capital Management Inc. now owns 9,441 shares of the business services provider’s stock valued at $634,000 after purchasing an additional 2,943 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in WageWorks by 6.6% during the second quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the business services provider’s stock valued at $1,082,000 after purchasing an additional 1,000 shares in the last quarter. Bank of America Corp DE boosted its holdings in WageWorks by 61.4% during 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 purchasing an additional 119,614 shares in the last quarter. Finally, Wrapmanager Inc. boosted its holdings in WageWorks by 17.9% during the second quarter. Wrapmanager Inc. now owns 3,748 shares of the business services provider’s stock valued at $252,000 after purchasing an additional 570 shares in the last quarter.

WageWorks, Inc. (NYSE WAGE) opened at 58.60 on Friday. WageWorks, Inc. has a one year low of $55.65 and a one year high of $80.50. The firm has a market capitalization of $2.33 billion, a P/E ratio of 53.52 and a beta of 0.84. The stock has a 50 day moving average price of $58.60 and a 200 day moving average price of $67.80.

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

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A number of research firms have weighed in on WAGE. Zacks Investment Research downgraded WageWorks from a “strong-buy” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub downgraded 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 issued a $85.00 target price on shares of WageWorks in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $80.04.

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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