WageWorks, Inc. (NYSE:WAGE) insider Kimberly L. Wilford sold 50,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $62.13, for a total transaction of $3,106,500.00. Following the completion of the sale, the insider now owns 93,238 shares of the company’s stock, valued at $5,792,876.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

WageWorks, Inc. (WAGE) traded up $0.45 during trading on Wednesday, reaching $62.75. 309,300 shares of the company’s stock were exchanged, compared to its average volume of 292,554. The firm has a market cap of $2,469.36, a price-to-earnings ratio of 49.84, a price-to-earnings-growth ratio of 3.33 and a beta of 0.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.38. WageWorks, Inc. has a 52-week low of $56.90 and a 52-week high of $80.50.

WageWorks (NYSE:WAGE) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. The firm had revenue of $115.70 million during the quarter, compared to analyst estimates of $117.09 million. WageWorks had a net margin of 9.87% and a return on equity of 9.60%. The business’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. analysts forecast that WageWorks, Inc. will post 1.25 earnings per share for the current year.

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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of WageWorks from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub upgraded shares of WageWorks from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price objective on shares of WageWorks in a report on Friday, October 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price objective (down from $85.00) on shares of WageWorks in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. WageWorks has a consensus rating of “Hold” and an average price target of $79.75.

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its position in WageWorks by 8.1% during the 1st quarter. State Street Corp now owns 844,713 shares of the business services provider’s stock worth $61,076,000 after acquiring an additional 63,265 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in WageWorks by 2.4% during the 2nd quarter. Stephens Investment Management Group LLC now owns 935,608 shares of the business services provider’s stock worth $62,873,000 after acquiring an additional 21,726 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in WageWorks by 46.2% during the 2nd quarter. TimesSquare Capital Management LLC now owns 2,422,884 shares of the business services provider’s stock worth $162,818,000 after acquiring an additional 765,715 shares during the last quarter. Legal & General Group Plc lifted its position in WageWorks by 17.5% during the 2nd quarter. Legal & General Group Plc now owns 75,278 shares of the business services provider’s stock worth $5,057,000 after acquiring an additional 11,227 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in WageWorks by 169.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 966,101 shares of the business services provider’s stock worth $64,921,000 after acquiring an additional 607,164 shares during the last quarter.

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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