DF Dent & Co. Inc. Boosts Stake in WageWorks, Inc. (WAGE)

DF Dent & Co. Inc. lifted its position in shares of WageWorks, Inc. (NYSE:WAGE) by 13.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,525,539 shares of the business services provider’s stock after buying an additional 178,133 shares during the quarter. WageWorks comprises 2.7% of DF Dent & Co. Inc.’s holdings, making the stock its 13th biggest position. DF Dent & Co. Inc. owned 3.84% of WageWorks worth $102,516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of WageWorks by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the business services provider’s stock worth $107,000 after buying an additional 139 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of WageWorks by 10.8% during the second quarter. Advisor Group Inc. now owns 1,594 shares of the business services provider’s stock worth $107,000 after buying an additional 156 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of WageWorks by 8.0% during the first quarter. Victory Capital Management Inc. now owns 1,819 shares of the business services provider’s stock worth $132,000 after buying an additional 134 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in shares of WageWorks by 20.7% during the second quarter. First Mercantile Trust Co. now owns 1,925 shares of the business services provider’s stock worth $129,000 after buying an additional 330 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of WageWorks during the first quarter worth $200,000.

WageWorks, Inc. (NYSE:WAGE) traded up 1.76% on Tuesday, reaching $63.60. The company had a trading volume of 82,624 shares. The stock has a market capitalization of $2.52 billion, a P/E ratio of 58.08 and a beta of 0.84. WageWorks, Inc. has a 12-month low of $55.65 and a 12-month high of $80.50. The stock’s 50-day moving average price is $59.52 and its 200-day moving average price is $66.13.

WageWorks (NYSE:WAGE) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). The company had revenue of $119.90 million for the quarter, compared to analysts’ expectations of $119.18 million. WageWorks had a return on equity of 9.52% and a net margin of 9.60%. The business’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. On average, equities research analysts anticipate that WageWorks, Inc. will post $1.75 EPS for the current fiscal year.

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A number of research firms have recently weighed in on WAGE. BidaskClub raised WageWorks from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 price target on shares of WageWorks in a research note on Friday. Zacks Investment Research raised WageWorks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price target on shares of WageWorks in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $80.30.

About WageWorks

WageWorks, Inc is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, 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 Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits.

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Institutional Ownership by Quarter for WageWorks (NYSE:WAGE)

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