Shares of Wageworks Inc (NYSE:WAGE) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $50.50.
Separately, Zacks Investment Research raised shares of Wageworks from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 21st.
A number of large investors have recently added to or reduced their stakes in the stock. Kavar Capital Partners LLC bought a new position in Wageworks in the 2nd quarter valued at about $66,000. Hillsdale Investment Management Inc. bought a new position in Wageworks in the 2nd quarter valued at about $102,000. Jane Street Group LLC bought a new position in Wageworks in the 2nd quarter valued at about $221,000. Gamco Investors INC. ET AL bought a new position in Wageworks in the 2nd quarter valued at about $269,000. Finally, Menta Capital LLC bought a new position in Wageworks in the 2nd quarter valued at about $332,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.
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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