Df Dent Co Inc buys $121,692,992 stake in Wageworks Inc (WAGE)

Wageworks Inc (WAGE) : Df Dent Co Inc scooped up 8,471 additional shares in Wageworks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 2,068,905 shares of Wageworks Inc which is valued at $121,692,992.Wageworks Inc makes up approximately 3.27% of Df Dent Co Inc’s portfolio.

Other Hedge Funds, Including , Profund Advisors boosted its stake in WAGE in the latest quarter, The investment management firm added 208 additional shares and now holds a total of 8,870 shares of Wageworks Inc which is valued at $521,733. Wageworks Inc makes up approx 0.02% of Profund Advisors’s portfolio.Brown Advisory Inc reduced its stake in WAGE by selling 40,819 shares or 10.6% in the most recent quarter. The Hedge Fund company now holds 344,284 shares of WAGE which is valued at $20,688,026. Wageworks Inc makes up approx 0.07% of Brown Advisory Inc’s portfolio.Neuberger Berman Group boosted its stake in WAGE in the latest quarter, The investment management firm added 16,461 additional shares and now holds a total of 397,781 shares of Wageworks Inc which is valued at $24,177,129. Wageworks Inc makes up approx 0.03% of Neuberger Berman Group’s portfolio.First Trust Advisors Lp boosted its stake in WAGE in the latest quarter, The investment management firm added 12,197 additional shares and now holds a total of 21,486 shares of Wageworks Inc which is valued at $1,305,919. Insight Capital Research Management Inc added WAGE to its portfolio by purchasing 81,552 company shares during the most recent quarter which is valued at $5,046,438. Wageworks Inc makes up approx 1.68% of Insight Capital Research Management Inc’s portfolio.

Wageworks Inc closed down -0.32 points or -0.52% at $60.98 with 74,872 shares getting traded on Monday. Post opening the session at $61.74, the shares hit an intraday low of $60.91 and an intraday high of $61.81 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Wageworks Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.34. The company had revenue of $87.73 million for the quarter, compared to analysts expectations of $87.49 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Wageworks Inc. Company shares were Reiterated by Stifel on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 69 from a previous price target of $59 .

WageWorks Inc. is engaged in administering Consumer-Directed Benefits (CDBs) which empower employees to save money on taxes while also providing corporate tax advantages for employers. The Company is focused on administering CDBs including pre-tax spending accounts such as Health Savings Accounts (HSAs) health and dependent care Flexible Spending Accounts (FSAs) Health Reimbursement Arrangements (HRAs) Commuter Benefit Services including transit and parking programs wellness programs COBRA and other employee benefits.

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