Are Analysts Bullish WageWorks, Inc. (NYSE:WAGE) After Last Week?

October 13, 2018 - By Dolores Ford

WageWorks, Inc. (NYSE:WAGE) LogoInvestors sentiment increased to 1.38 in 2018 Q2. Its up 0.09, from 1.29 in 2018Q1. It is positive, as 26 investors sold WageWorks, Inc. shares while 51 reduced holdings. 32 funds opened positions while 74 raised stakes. 38.95 million shares or 1.06% less from 39.37 million shares in 2018Q1 were reported.
Loomis Sayles & L P holds 0.03% of its portfolio in WageWorks, Inc. (NYSE:WAGE) for 337,868 shares. The Australia-based Macquarie Gru Limited has invested 0.05% in WageWorks, Inc. (NYSE:WAGE). Comerica Savings Bank, a Michigan-based fund reported 77,229 shares. Raymond James And Assoc accumulated 84,777 shares. Ameritas Investment accumulated 3,400 shares. Teachers Retirement System Of The State Of Kentucky reported 0.01% stake. Price T Rowe Assoc Incorporated Md holds 18,734 shares. Massachusetts-based Wellington Mngmt Gru Llp has invested 0.01% in WageWorks, Inc. (NYSE:WAGE). Commonwealth Of Pennsylvania Public School Empls Retrmt reported 0.01% stake. Granite Invest Prtn Lc holds 0.07% of its portfolio in WageWorks, Inc. (NYSE:WAGE) for 21,746 shares. Captrust Financial invested in 0% or 350 shares. 157 were reported by Carroll Fincl Associates. Ubs Asset Mngmt Americas reported 0% stake. Moreover, Archford Capital Strategies Ltd Liability Company has 0% invested in WageWorks, Inc. (NYSE:WAGE) for 44 shares. Prudential Financial stated it has 0.01% in WageWorks, Inc. (NYSE:WAGE).

WageWorks, Inc. (NYSE:WAGE) Ratings Coverage

Among 3 analysts covering WageWorks (NYSE:WAGE), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. WageWorks had 4 analyst reports since May 30, 2018 according to SRatingsIntel. The firm has “Market Perform” rating given on Thursday, September 13 by JMP Securities. The stock of WageWorks, Inc. (NYSE:WAGE) has “Buy” rating given on Wednesday, June 27 by Stifel Nicolaus. The company was maintained on Thursday, September 13 by Stifel Nicolaus. The stock has “Outperform” rating by William Blair on Wednesday, May 30. Below is a list of WageWorks, Inc. (NYSE:WAGE) latest ratings and price target changes.

13/09/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $64 New Target: $55 Maintain
13/09/2018 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Perform Old Target: $70 Downgrade
27/06/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $80 New Target: $64 Maintain
30/05/2018 Broker: William Blair Rating: Outperform Maintain

The stock decreased 0.02% or $0.01 during the last trading session, reaching $41.09. About 279,260 shares traded. WageWorks, Inc. (NYSE:WAGE) has declined 16.21% since October 13, 2017 and is downtrending. It has underperformed by 31.83% the S&P500.

WageWorks, Inc. engages in administering consumer-directed benefits , which empower employees to save money on taxes, as well as provides corporate tax advantages for employers in the United States. The company has market cap of $1.63 billion. It administers CDBs, 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 offers commuter benefit services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act, and other employee benefits. It has a 34.97 P/E ratio. As of September 13, 2017, it had approximately 6.5 million employee participants from approximately 100,000 employer clients.

WageWorks, Inc. (NYSE:WAGE) Institutional Positions Chart

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