Pentwater Capital Management LP Buys Shares of 109,087 Wageworks Inc (NYSE:WAGE)

Pentwater Capital Management LP bought a new stake in Wageworks Inc (NYSE:WAGE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 109,087 shares of the business services provider’s stock, valued at approximately $5,541,000. Pentwater Capital Management LP owned about 0.27% of Wageworks as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Vivaldi Capital Management LLC bought a new stake in Wageworks in the second quarter valued at $534,000. TIG Advisors LLC bought a new stake in Wageworks in the second quarter valued at $8,634,000. Morgan Stanley lifted its stake in Wageworks by 153.6% in the second quarter. Morgan Stanley now owns 217,880 shares of the business services provider’s stock valued at $11,066,000 after buying an additional 131,959 shares during the last quarter. AQR Capital Management LLC bought a new stake in Wageworks in the second quarter valued at $1,977,000. Finally, Atairos Group Inc. lifted its stake in Wageworks by 148.6% in the second quarter. Atairos Group Inc. now owns 492,911 shares of the business services provider’s stock valued at $25,035,000 after buying an additional 294,661 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

A number of equities research analysts have issued reports on the company. JMP Securities cut Wageworks from an “outperform” rating to a “market perform” rating in a research note on Friday, June 28th. William Blair cut Wageworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 27th. SunTrust Banks cut Wageworks from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Zacks Investment Research upgraded Wageworks from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, Stifel Nicolaus cut Wageworks from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research note on Monday, July 15th. Six equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $54.50.



Shares of WAGE remained flat at $$51.34 during trading hours on Friday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 62.61 and a beta of 1.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.39 and a quick ratio of 1.39. Wageworks Inc has a twelve month low of $25.15 and a twelve month high of $53.85. The company has a 50-day simple moving average of $51.28 and a two-hundred day simple moving average of $46.98.

Wageworks (NYSE:WAGE) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). The business had revenue of $108.63 million for the quarter, compared to analyst estimates of $118.10 million. Wageworks had a net margin of 2.17% and a return on equity of 2.95%. Equities analysts anticipate that Wageworks Inc will post 1.08 EPS for the current year.

Wageworks Company Profile

WageWorks, Inc is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to 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), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits.

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Institutional Ownership by Quarter for Wageworks (NYSE:WAGE)

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