American International Group Inc. grew its holdings in WageWorks, Inc. (NYSE:WAGE) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,219 shares of the business services provider’s stock after purchasing an additional 2,992 shares during the period. American International Group Inc. owned approximately 0.08% of WageWorks worth $1,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its stake in WageWorks by 6.1% during the second quarter. BlackRock Inc. now owns 4,659,600 shares of the business services provider’s stock valued at $313,124,000 after acquiring an additional 267,481 shares in the last quarter. Vanguard Group Inc. grew its stake in WageWorks by 7.9% during the second quarter. Vanguard Group Inc. now owns 3,512,829 shares of the business services provider’s stock valued at $236,063,000 after acquiring an additional 258,469 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in WageWorks by 7.9% during the third quarter. TimesSquare Capital Management LLC now owns 2,615,179 shares of the business services provider’s stock valued at $158,741,000 after acquiring an additional 192,295 shares in the last quarter. DF Dent & Co. Inc. grew its stake in WageWorks by 13.2% during the second quarter. DF Dent & Co. Inc. now owns 1,525,539 shares of the business services provider’s stock valued at $102,516,000 after acquiring an additional 178,133 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in WageWorks by 47.8% during the third quarter. Conestoga Capital Advisors LLC now owns 1,067,886 shares of the business services provider’s stock valued at $64,821,000 after acquiring an additional 345,272 shares in the last quarter.

In other news, Director John William Larson sold 30,500 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $63.76, for a total value of $1,944,680.00. Following the completion of the sale, the director now owns 42,930 shares of the company’s stock, valued at approximately $2,737,216.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kimberly L. Wilford sold 50,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 93,238 shares of the company’s stock, valued at approximately $5,792,876.94. The disclosure for this sale can be found here. 3.54% of the stock is owned by insiders.

Several equities analysts recently commented on the stock. ValuEngine raised shares of WageWorks from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of WageWorks from a “sell” rating to a “hold” rating and set a $70.00 price target for the company in a research note on Tuesday, November 14th. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price target (down previously from $85.00) on shares of WageWorks in a research note on Thursday, November 9th. BidaskClub cut shares of WageWorks from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $82.00 price target on shares of WageWorks in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. WageWorks presently has an average rating of “Hold” and an average target price of $79.75.

WageWorks, Inc. (NYSE WAGE) traded down $0.45 during mid-day trading on Tuesday, reaching $61.55. 286,400 shares of the company’s stock were exchanged, compared to its average volume of 291,205. 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, Inc. has a fifty-two week low of $56.90 and a fifty-two week high of $80.50. The stock has a market cap of $2,457.47, a PE ratio of 49.60, a PEG ratio of 3.31 and a beta of 0.90.

WageWorks (NYSE:WAGE) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.45 EPS for the quarter, topping 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 business had revenue of $115.70 million during the quarter, compared to analysts’ expectations of $117.09 million. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. sell-side analysts forecast that WageWorks, Inc. will post 1.25 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for WageWorks (NYSE:WAGE)

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