Shares of WageWorks, Inc. (NYSE:WAGE) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $84.67.

A number of brokerages have issued reports on WAGE. Stifel Nicolaus restated a “buy” rating and set a $85.00 target price on shares of WageWorks in a research report on Monday, July 17th. Zacks Investment Research cut shares of WageWorks from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. BidaskClub upgraded shares of WageWorks from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $82.00 target price on shares of WageWorks in a research report on Friday, October 6th.

Several large investors have recently bought and sold shares of WAGE. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 buying an additional 139 shares during the last quarter. Advisor Group Inc. raised 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 valued at $107,000 after buying an additional 156 shares during the last quarter. First Mercantile Trust Co. raised its position in shares of WageWorks by 20.7% in the second quarter. First Mercantile Trust Co. now owns 1,925 shares of the business services provider’s stock valued at $129,000 after buying an additional 330 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of WageWorks by 8.0% in the first quarter. Victory Capital Management Inc. now owns 1,819 shares of the business services provider’s stock valued at $132,000 after buying an additional 134 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in shares of 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 buying an additional 1,364 shares during the last quarter.

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WageWorks (NYSE:WAGE) traded up 0.86% on Thursday, hitting $64.65. 219,520 shares of the company traded hands. The stock has a market cap of $2.57 billion, a PE ratio of 59.04 and a beta of 0.84. The stock’s 50-day moving average is $61.43 and its 200 day moving average is $65.56. WageWorks has a 12 month low of $55.65 and a 12 month high of $80.50.

WageWorks (NYSE:WAGE) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). The business had revenue of $119.90 million for the quarter, compared to analyst estimates of $119.18 million. WageWorks had a return on equity of 9.52% and a net margin of 9.60%. The business’s revenue was up 36.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. Equities research analysts expect that WageWorks will post $1.75 earnings per share 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.

Analyst Recommendations for WageWorks (NYSE:WAGE)

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