Wageworks Inc (WAGE) : Pear Tree Advisors Inc has sold out all of its stake in Wageworks Inc during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 7,985 shares of Wageworks Inc which is valued at $469,678.
Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in WAGE by selling 1,452 shares or 18.97% in the most recent quarter. The Hedge Fund company now holds 6,204 shares of WAGE which is valued at $364,919. Wageworks Inc makes up approx 0.01% of Riverhead Capital Management’s portfolio. O’shaughnessy Asset Management added WAGE to its portfolio by purchasing 2,106 company shares during the most recent quarter which is valued at $123,875.Texas Permanent School Fund reduced its stake in WAGE by selling 1,046 shares or 3.64% in the most recent quarter. The Hedge Fund company now holds 27,703 shares of WAGE which is valued at $1,629,490. Wageworks Inc makes up approx 0.02% of Texas Permanent School Fund’s portfolio. Ftb Advisors sold out all of its stake in WAGE during the most recent quarter. The investment firm sold 21 shares of WAGE which is valued $1,298.
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.