New York State Teachers Retirement System increased its position in WageWorks Inc. (NYSE:WAGE) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,461 shares of the company’s stock after buying an additional 100 shares during the period. New York State Teachers Retirement System’s holdings in WageWorks were worth $3,198,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of WageWorks by 139.9% in the first quarter. BlackRock Inc. now owns 2,464 shares of the company’s stock worth $125,000 after buying an additional 1,437 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of WageWorks during the first quarter worth about $237,000. Aperio Group LLC boosted its stake in shares of WageWorks by 35.5% in the first quarter. Aperio Group LLC now owns 6,044 shares of the company’s stock worth $306,000 after buying an additional 1,585 shares in the last quarter. Cohen Capital Management Inc. purchased a new stake in shares of WageWorks during the second quarter worth about $389,000. Finally, Nisa Investment Advisors L.L.C. purchased a new stake in shares of WageWorks during the first quarter worth about $359,000.
WageWorks Inc. (NYSE:WAGE) traded up 0.32% on Tuesday, hitting $60.35. 390,581 shares of the company traded hands. WageWorks Inc. has a 1-year low of $38.99 and a 1-year high of $65.43. The firm’s 50 day moving average price is $62.00 and its 200 day moving average price is $58.13. The firm has a market capitalization of $2.21 billion, a PE ratio of 98.93 and a beta of 0.92.
WageWorks (NYSE:WAGE) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. WageWorks had a return on equity of 10.39% and a net margin of 6.58%. The business had revenue of $87.70 million for the quarter, compared to the consensus estimate of $87.42 million. During the same quarter in the previous year, the company posted $0.28 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts predict that WageWorks Inc. will post $1.40 EPS for the current fiscal year.
A number of brokerages recently issued reports on WAGE. JMP Securities restated a “buy” rating on shares of WageWorks in a research note on Saturday, July 9th. Needham & Company LLC reiterated a “buy” rating and set a $65.00 price target (up from $60.00) on shares of WageWorks in a research report on Thursday, August 11th. Finally, Zacks Investment Research cut WageWorks from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. WageWorks currently has a consensus rating of “Buy” and an average target price of $64.14.
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 and other employee benefits.
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