Wageworks Inc (NYSE:WAGE) Given Consensus Rating of “Hold” by Brokerages

Wageworks Inc (NYSE:WAGE) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $50.50.

A number of research firms have weighed in on WAGE. Zacks Investment Research raised shares of Wageworks from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Stifel Nicolaus downgraded shares of Wageworks from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Monday, July 15th. JMP Securities downgraded shares of Wageworks from an “outperform” rating to a “market perform” rating in a research note on Friday, June 28th. SunTrust Banks downgraded shares of Wageworks from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Finally, William Blair downgraded shares of Wageworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 27th.

A number of large investors have recently bought and sold shares of WAGE. Royce & Associates LP raised its stake in shares of Wageworks by 30.0% in the 1st quarter. Royce & Associates LP now owns 1,290 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 298 shares during the period. Kavar Capital Partners LLC purchased a new position in shares of Wageworks in the 2nd quarter valued at $66,000. Hillsdale Investment Management Inc. purchased a new position in shares of Wageworks in the 2nd quarter valued at $102,000. Jane Street Group LLC purchased a new position in shares of Wageworks in the 2nd quarter valued at $221,000. Finally, Private Advisors LLC purchased a new position in shares of Wageworks in the 1st quarter valued at $248,000. 96.06% of the stock is currently owned by institutional investors.

NYSE:WAGE remained flat at $$51.34 during trading hours on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $2.07 billion, a P/E ratio of 62.61 and a beta of 1.40. Wageworks has a 52 week low of $25.15 and a 52 week high of $53.85. The firm has a fifty day moving average price of $51.32 and a 200 day moving average price of $48.39.

Wageworks (NYSE:WAGE) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.12). The company had revenue of $108.63 million for the quarter, compared to analysts’ expectations of $118.10 million. Wageworks had a return on equity of 2.95% and a net margin of 2.17%. Analysts expect that Wageworks will post 1.08 EPS for the current year.

About Wageworks

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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Analyst Recommendations for Wageworks (NYSE:WAGE)

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