Analysts take a look at Wageworks Inc (NYSE:WAGE) having this to say.

October 13, 2017 - By wolcottdaily

 Analysts take a look at Wageworks Inc (NYSE:WAGE) having this to say.
Investors sentiment increased to 2.09 in 2017 Q2. Its up 0.80, from 1.29 in 2017Q1. It improved, as 24 investors sold Wageworks Inc shares while 42 reduced holdings. 35 funds opened positions while 103 raised stakes. 39.93 million shares or 7.41% more from 37.18 million shares in 2017Q1 were reported.
Eulav Asset Mgmt invested in 5,800 shares. Gsa Capital Prns Ltd Liability Partnership invested in 0.02% or 4,258 shares. Citigroup has 0% invested in Wageworks Inc (NYSE:WAGE) for 35,578 shares. 28,987 are held by Credit Suisse Ag. Spark Investment Mgmt Limited Company has 15,200 shares for 0.06% of their portfolio. Massachusetts Ser Ma owns 0% invested in Wageworks Inc (NYSE:WAGE) for 7,428 shares. 37,317 are owned by Envestnet Asset. Bankshares Of Ny Mellon Corporation invested in 0.01% or 661,555 shares. Essex Investment Limited Company has 0.23% invested in Wageworks Inc (NYSE:WAGE) for 24,298 shares. Texas Permanent School Fund stated it has 28,867 shares. Archford Cap Strategies Limited Liability Corp reported 0% of its portfolio in Wageworks Inc (NYSE:WAGE). Aqr Cap Mngmt Llc invested in 13,863 shares or 0% of the stock. Moreover, Glenmede Trust Commerce Na has 0% invested in Wageworks Inc (NYSE:WAGE). Parametric Port Assocs Ltd Limited Liability Company has 142,765 shares. Strs Ohio invested in 0.05% or 170,300 shares.

Wageworks Inc (NYSE:WAGE) Ratings Coverage

Among 9 analysts covering WageWorks Inc (NYSE:WAGE), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. WageWorks Inc had 21 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Needham with “Buy” on Thursday, November 10. On Wednesday, November 30 the stock rating was initiated by Chardan Capital Markets with “Buy”. SunTrust maintained the stock with “Buy” rating in Wednesday, October 4 report. The company was maintained on Wednesday, August 10 by JMP Securities. The firm earned “Buy” rating on Tuesday, October 3 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $69 target in Thursday, June 9 report. The firm has “Buy” rating by Needham given on Friday, October 6. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, July 17. Stifel Nicolaus maintained the shares of WAGE in report on Friday, January 27 with “Buy” rating. The stock has “Buy” rating by Chardan Capital Markets on Friday, February 24. Below is a list of Wageworks Inc (NYSE:WAGE) latest ratings and price target changes.

06/10/2017 Broker: Needham Rating: Buy New Target: $82.0 Maintain
04/10/2017 Broker: SunTrust Rating: Buy New Target: $88.0 Maintain
03/10/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $85.0 Maintain
17/07/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $85.0000 Maintain
28/06/2017 Broker: JMP Securities Rating: Buy New Target: $82.0000

The stock decreased 0.93% or $0.6 during the last trading session, reaching $64.1. About 527,757 shares traded or 87.11% up from the average. Wageworks Inc (NYSE:WAGE) has risen 27.63% since October 13, 2016 and is uptrending. It has outperformed by 10.93% the S&P500.

WageWorks, Inc. is engaged in administering Consumer-Directed Benefits . The company has market cap of $2.54 billion. The Firm 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 (COBRA) and other employee benefits. It has a 58.73 P/E ratio. The Company’s CDB programs assist employees and their families in saving money by using pre-tax dollars to pay for certain of their healthcare, dependent care and commuter expenses.

Another recent and important Wageworks Inc (NYSE:WAGE) news was published by Bizjournals.com which published an article titled: “WageWorks unveils huge renovated facility in South End (PHOTOS)” on September 20, 2017.

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