DF Dent & Co. Inc. reduced its stake in shares of Wageworks Inc (NYSE:WAGE) by 19.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,032,260 shares of the business services provider’s stock after selling 254,453 shares during the period. DF Dent & Co. Inc.’s holdings in Wageworks were worth $44,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Polen Capital Management LLC acquired a new stake in Wageworks in the second quarter valued at about $207,000. Verition Fund Management LLC acquired a new stake in Wageworks in the third quarter valued at about $241,000. Riverhead Capital Management LLC boosted its stake in Wageworks by 41.5% in the third quarter. Riverhead Capital Management LLC now owns 6,139 shares of the business services provider’s stock valued at $262,000 after buying an additional 1,800 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Wageworks by 5,857.8% in the third quarter. Tower Research Capital LLC TRC now owns 6,911 shares of the business services provider’s stock valued at $296,000 after buying an additional 6,795 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Wageworks by 215.4% in the third quarter. Pacer Advisors Inc. now owns 8,597 shares of the business services provider’s stock valued at $368,000 after buying an additional 5,871 shares in the last quarter.

A number of brokerages have recently commented on WAGE. JMP Securities lowered Wageworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 13th. Zacks Investment Research lowered Wageworks from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 18th. Wells Fargo & Co set a $45.00 price target on Wageworks and gave the company a “hold” rating in a research note on Tuesday, October 16th. Finally, SunTrust Banks cut their price target on Wageworks to $56.00 and set a “buy” rating on the stock in a research note on Thursday, September 13th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $51.90.

Shares of WAGE stock opened at $28.12 on Friday. Wageworks Inc has a 12 month low of $27.84 and a 12 month high of $63.45. The stock has a market cap of $1.12 billion, a PE ratio of 22.70 and a beta of 1.21.

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About Wageworks

WageWorks, Inc is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits.

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Institutional Ownership by Quarter for Wageworks (NYSE:WAGE)

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