Shares of Wageworks Inc (NYSE:WAGE) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $50.50.
Separately, Zacks Investment Research upgraded shares of Wageworks from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 21st.
The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 62.61 and a beta of 1.40. The firm has a 50-day moving average of $51.34 and a 200-day moving average of $51.00. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.25. Wageworks has a 52-week low of $25.15 and a 52-week high of $53.85.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kavar Capital Partners LLC purchased a new stake in shares of Wageworks during the second quarter worth approximately $66,000. Hillsdale Investment Management Inc. acquired a new stake in Wageworks during the 2nd quarter worth $102,000. Jane Street Group LLC acquired a new stake in Wageworks during the 2nd quarter worth $221,000. Gamco Investors INC. ET AL purchased a new stake in shares of Wageworks during the second quarter worth $269,000. Finally, Menta Capital LLC purchased a new stake in shares of Wageworks during the second quarter worth $332,000. Institutional investors and hedge funds own 96.06% of the company’s stock.
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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