Revenue Update on Wageworks Inc(NYSE:WAGE)

Wageworks Inc(NYSE:WAGE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $87.72M. Analysts estimated a revenue of $87.42M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.34.

In a different note, On Jun 9, 2016, Standpoint Research said it Maintains its rating on Wageworks Inc. In the research note, the firm Raises the price-target to $59.00 per share. The shares have been rated ‘Buy’ by the firm.

Wageworks Inc (WAGE) made into the market gainers list on Wednesdays trading session with the shares advancing 0.07% or 0.04 points. Due to strong positive momentum, the stock ended at $59.51, which is also near the day’s high of $60.16. The stock began the session at $59.26 and the volume stood at 2,34,342 shares. The 52-week high of the shares is $62.82 and the 52 week low is $38.99. The company has a current market capitalization of $2,178 M and it has 3,65,96,130 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, Joseph L. Jackson (Chief Executive Officer) sold 96,081 shares at $55.73 per share price.Also, On May 11, 2016, Kimberly L. Wilford (General Counsel) sold 40,000 shares at $56.97 per share price.On Mar 11, 2016, Edgar O. Montes (Chief Operating Officer) sold 25,000 shares at $47.13 per share price, according to the Form-4 filing with the securities and exchange commission.

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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