Shares of WageWorks, Inc. (NYSE:WAGE) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $79.75.

A number of brokerages have issued reports on WAGE. ValuEngine upgraded shares of WageWorks from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of WageWorks from a “sell” rating to a “hold” rating and set a $70.00 price target for the company in a report on Tuesday, November 14th. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 price target (down from $85.00) on shares of WageWorks in a report on Thursday, November 9th. BidaskClub downgraded shares of WageWorks from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $82.00 price target on shares of WageWorks in a report on Friday, October 6th.

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 value of $3,106,500.00. Following the completion of the sale, the insider now directly owns 93,238 shares in the company, valued at $5,792,876.94. The transaction was disclosed in a legal filing with the SEC, which is available 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 completion of the sale, the director now owns 42,930 shares of the company’s stock, valued at $2,737,216.80. The disclosure for this sale can be found here. Insiders own 3.54% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WAGE. Zions Bancorporation purchased a new stake in WageWorks in the third quarter valued at approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in WageWorks by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 139 shares during the period. Advisor Group Inc. grew its holdings in WageWorks by 10.8% in the second 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 period. Riverhead Capital Management LLC grew its holdings in WageWorks by 85.3% in the second quarter. Riverhead Capital Management LLC now owns 2,964 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 1,364 shares during the period. Finally, Ameritas Investment Partners Inc. grew its holdings in WageWorks by 3.9% in the second 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 period.

Shares of WageWorks (NYSE:WAGE) traded down $0.65 on Tuesday, reaching $61.25. 256,100 shares of the company’s stock were exchanged, compared to its average volume of 292,233. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2,430.00, a PE ratio of 52.35, a P/E/G ratio of 2.81 and a beta of 0.90. WageWorks has a one year low of $56.90 and a one year high of $80.50.

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

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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.

Analyst Recommendations for WageWorks (NYSE:WAGE)

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