Wageworks INC (WAGE) Shareholder Falcon Point Capital LLC Has Raised Stake by $9.26 Million

October 12, 2017 - By Linda Rogers

Investors sentiment increased to 2.09 in Q2 2017. Its up 0.80, from 1.29 in 2017Q1. It is positive, as 24 investors sold WAGE 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. Arrowstreet Capital Ltd Partnership has invested 0% of its portfolio in Wageworks Inc (NYSE:WAGE). Diker Mngmt has invested 0.31% in Wageworks Inc (NYSE:WAGE). Vanguard Gp Inc reported 3.51M shares or 0.01% of all its holdings. Ls Inv Advsr Lc stated it has 2,637 shares. 11 are held by Qs Invsts Limited Liability Company. Jpmorgan Chase And stated it has 0% of its portfolio in Wageworks Inc (NYSE:WAGE). Benjamin F Edwards & accumulated 175 shares or 0% of the stock. Suntrust Banks accumulated 8,374 shares. Sector Pension Invest Board accumulated 19,074 shares. Susquehanna Group Incorporated Limited Liability Partnership stated it has 0% of its portfolio in Wageworks Inc (NYSE:WAGE). Ftb holds 468 shares or 0% of its portfolio. Fmr Lc stated it has 1.34M shares or 0.01% of all its holdings. Sei Invests Comm reported 157,711 shares. Moreover, Falcon Point Limited Liability Co has 2.88% invested in Wageworks Inc (NYSE:WAGE) for 317,946 shares. Ranger Invest Mngmt LP reported 2.61% in Wageworks Inc (NYSE:WAGE).

Falcon Point Capital Llc increased its stake in Wageworks Inc. (WAGE) by 76.83% based on its latest 2017Q2 regulatory filing with the SEC. Falcon Point Capital Llc bought 138,145 shares as the company’s stock declined 3.60% while stock markets rallied. The institutional investor held 317,946 shares of the miscellaneous company at the end of 2017Q2, valued at $21.37M, up from 179,801 at the end of the previous reported quarter. Falcon Point Capital Llc who had been investing in Wageworks Inc. for a number of months, seems to be bullish on the $2.53B market cap company. The stock rose 0.08% or $0.05 reaching $63.65 per share. About 38,189 shares traded. Wageworks Inc (NYSE:WAGE) has risen 27.63% since October 12, 2016 and is uptrending. It has outperformed by 10.93% the S&P500.

Falcon Point Capital Llc, which manages about $364.50M and $741.03 million US Long portfolio, decreased its stake in Integra Life Sciences (NASDAQ:IART) by 164,317 shares to 192,724 shares, valued at $10.51M in 2017Q2, according to the filing. It also reduced its holding in Jack In The Box Inc. (NASDAQ:JACK) by 53,684 shares in the quarter, leaving it with 128,043 shares, and cut its stake in Apogee Enterprises Inc. (NASDAQ:APOG).

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.

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 Friday, October 6. The rating was maintained by Needham with “Buy” on Thursday, November 10. JMP Securities maintained Wageworks Inc (NYSE:WAGE) rating on Wednesday, August 10. JMP Securities has “Market Outperform” rating and $70 target. On Monday, March 27 the stock rating was downgraded by Wells Fargo to “Market Perform”. The firm has “Buy” rating by Stifel Nicolaus given on Friday, May 6. Stifel Nicolaus maintained Wageworks Inc (NYSE:WAGE) on Tuesday, October 3 with “Buy” rating. Stifel Nicolaus maintained Wageworks Inc (NYSE:WAGE) on Thursday, June 9 with “Buy” rating. As per Wednesday, November 30, the company rating was initiated by Chardan Capital Markets. The stock has “Outperform” rating by Leerink Swann on Monday, April 4. On Friday, January 27 the stock rating was maintained by Stifel Nicolaus with “Buy”.

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