Crossmark Global Holdings Inc. Sells 1,467 Shares of Wageworks Inc (WAGE)
Crossmark Global Holdings Inc. lowered its holdings in shares of Wageworks Inc (NYSE:WAGE) by 14.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,856 shares of the business services provider’s stock after selling 1,467 shares during the period. Crossmark Global Holdings Inc.’s holdings in Wageworks were worth $549,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Advisor Group Inc. grew its holdings in shares of Wageworks by 10.8% during the 2nd quarter. Advisor Group Inc. now owns 1,594 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 156 shares during the last quarter. Zions Bancorporation bought a new position in shares of Wageworks during the 3rd quarter valued at $105,000. Ameritas Investment Partners Inc. grew its holdings in shares of Wageworks by 3.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,275 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 122 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of Wageworks during the 4th quarter valued at $222,000. Finally, OLD National Bancorp IN grew its holdings in shares of Wageworks by 35.8% during the 3rd quarter. OLD National Bancorp IN now owns 5,616 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 1,482 shares during the last quarter.
Several research firms recently commented on WAGE. Zacks Investment Research cut shares of Wageworks from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 13th. ValuEngine raised shares of Wageworks from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus reissued a “buy” rating and set a $80.00 price target (down previously from $85.00) on shares of Wageworks in a research report on Thursday, November 9th. Finally, BidaskClub cut shares of Wageworks from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $79.75.
In other Wageworks news, Director John William Larson sold 30,500 shares of the stock in a transaction 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 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 at this link. Corporate insiders own 3.54% of the company’s stock.
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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