WageWorks, Inc. (NYSE:WAGE) COO Edgar O. Montes sold 50,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $69.25, for a total transaction of $3,462,500.00. Following the completion of the transaction, the chief operating officer now owns 71,895 shares of the company’s stock, valued at approximately $4,978,728.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

WageWorks, Inc. (NYSE WAGE) traded down 0.07% on Friday, hitting $68.10. 405,987 shares of the stock traded hands. The stock has a 50-day moving average price of $71.22 and a 200 day moving average price of $72.85. WageWorks, Inc. has a 12-month low of $55.65 and a 12-month high of $80.50. The stock has a market cap of $2.54 billion, a P/E ratio of 101.04 and a beta of 1.06.

WageWorks (NYSE:WAGE) last posted its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $125 million during the quarter, compared to analysts’ expectations of $122.08 million. WageWorks had a net margin of 6.33% and a return on equity of 9.85%. The company’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, equities analysts expect that WageWorks, Inc. will post $1.78 EPS for the current fiscal year.

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WAGE has been the subject of several recent analyst reports. Needham & Company LLC upped their target price on shares of WageWorks from $74.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. Chardan Capital upped their target price on shares of WageWorks from $86.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. William Blair restated an “outperform” rating on shares of WageWorks in a research report on Friday, February 24th. Zacks Investment Research upgraded shares of WageWorks from a “sell” rating to a “hold” rating in a research report on Thursday, March 2nd. Finally, Wells Fargo & Company cut shares of WageWorks from an “outperform” rating to a “market perform” rating in a research report on Monday, March 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. WageWorks currently has a consensus rating of “Buy” and a consensus target price of $77.53.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in WageWorks by 144,950.2% in the first quarter. BlackRock Inc. now owns 4,392,119 shares of the business services provider’s stock valued at $317,551,000 after buying an additional 4,389,091 shares during the last quarter. Vanguard Group Inc. boosted its stake in WageWorks by 6.0% in the first quarter. Vanguard Group Inc. now owns 3,254,360 shares of the business services provider’s stock valued at $235,290,000 after buying an additional 183,172 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in WageWorks by 7.9% in the first quarter. TimesSquare Capital Management LLC now owns 1,657,169 shares of the business services provider’s stock valued at $119,813,000 after buying an additional 120,860 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in WageWorks by 4.9% in the first quarter. Stephens Investment Management Group LLC now owns 913,882 shares of the business services provider’s stock valued at $66,074,000 after buying an additional 42,850 shares during the last quarter. Finally, State Street Corp boosted its stake in WageWorks by 8.1% in the first quarter. State Street Corp now owns 844,713 shares of the business services provider’s stock valued at $61,076,000 after buying an additional 63,265 shares during the last quarter.

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.

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