31,152 Shares in Wageworks Inc (WAGE) Acquired by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP acquired a new position in Wageworks Inc (NYSE:WAGE) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 31,152 shares of the business services provider’s stock, valued at approximately $1,891,000.
Several other institutional investors and hedge funds have also made changes to their positions in WAGE. Advisor Group Inc. increased its position in shares of Wageworks by 10.8% in the second quarter. Advisor Group Inc. now owns 1,594 shares of the business services provider’s stock worth $107,000 after acquiring an additional 156 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Wageworks by 3.9% in the second quarter. Ameritas Investment Partners Inc. now owns 3,275 shares of the business services provider’s stock worth $220,000 after acquiring an additional 122 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Wageworks in the second quarter worth approximately $247,000. Flinton Capital Management LLC increased its position in shares of Wageworks by 71.2% in the second quarter. Flinton Capital Management LLC now owns 3,842 shares of the business services provider’s stock worth $258,000 after acquiring an additional 1,598 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Wageworks in the second quarter worth approximately $286,000.
In related news, insider Kimberly L. Wilford sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $62.13, for a total transaction of $3,106,500.00. Following the transaction, the insider now directly owns 93,238 shares of the company’s stock, valued at $5,792,876.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John William Larson sold 30,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.76, for a total transaction of $1,944,680.00. Following the transaction, the director now directly owns 42,930 shares in the company, valued at $2,737,216.80. The disclosure for this sale can be found here. Insiders own 3.54% of the company’s stock.
Wageworks Inc (NYSE WAGE) opened at $56.45 on Friday. Wageworks Inc has a 1 year low of $56.45 and a 1 year high of $80.50. The company has a market cap of $2,260.00, a P/E ratio of 48.72, a P/E/G ratio of 2.59 and a beta of 0.75. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41.
Wageworks (NYSE:WAGE) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. Wageworks had a net margin of 9.87% and a return on equity of 9.60%. The firm had revenue of $115.70 million for the quarter, compared to the consensus estimate of $117.09 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. equities analysts anticipate that Wageworks Inc will post 1.25 EPS for the current fiscal year.
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 (COBRA) and other employee benefits.
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