Croft Leominster Inc. maintained its position in shares of WageWorks, Inc. (NYSE:WAGE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,800 shares of the business services provider’s stock at the close of the second quarter. Croft Leominster Inc.’s holdings in WageWorks were worth $636,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in WageWorks by 8.1% during the 1st quarter. State Street Corp now owns 844,713 shares of the business services provider’s stock valued at $61,076,000 after buying an additional 63,265 shares during the period. Stephens Investment Management Group LLC grew its stake in shares of WageWorks by 2.4% in the 2nd quarter. Stephens Investment Management Group LLC now owns 935,608 shares of the business services provider’s stock worth $62,873,000 after purchasing an additional 21,726 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of WageWorks by 169.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 966,101 shares of the business services provider’s stock worth $64,921,000 after purchasing an additional 607,164 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of WageWorks by 46.2% in the 2nd quarter. TimesSquare Capital Management LLC now owns 2,422,884 shares of the business services provider’s stock worth $162,818,000 after purchasing an additional 765,715 shares during the last quarter. Finally, Cohen Capital Management Inc. grew its stake in shares of WageWorks by 45.3% in the 2nd quarter. Cohen Capital Management Inc. now owns 9,441 shares of the business services provider’s stock worth $634,000 after purchasing an additional 2,943 shares during the last quarter.
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WageWorks (NYSE:WAGE) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.11). The firm had revenue of $119.90 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share.
WageWorks Company Profile
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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