Wageworks Inc (WAGE) : Elk Creek Partners reduced its stake in Wageworks Inc by 13.19% during the most recent quarter end. The investment management company now holds a total of 502,412 shares of Wageworks Inc which is valued at $29,551,874 after selling 76,309 shares in Wageworks Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Wageworks Inc makes up approximately 1.91% of Elk Creek Partners’s portfolio.
Other Hedge Funds, Including , Citadel Advisors added WAGE to its portfolio by purchasing 9,918 company shares during the most recent quarter which is valued at $583,377.Blackrock Fund Advisors boosted its stake in WAGE in the latest quarter, The investment management firm added 94,093 additional shares and now holds a total of 2,339,068 shares of Wageworks Inc which is valued at $137,583,980. Wageworks Inc makes up approx 0.03% of Blackrock Fund Advisors’s portfolio.Great West Life Assurance Co Can boosted its stake in WAGE in the latest quarter, The investment management firm added 42,705 additional shares and now holds a total of 47,215 shares of Wageworks Inc which is valued at $2,856,035. Wageworks Inc makes up approx 0.01% of Great West Life Assurance Co Can’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.