1.58 is Wageworks Inc’s (NYSE:WAGE) Institutional Investor Sentiment

May 17, 2018 - By Duane Lopez

WageWorks, Inc. (NYSE:WAGE) Logo

Sentiment for Wageworks Inc (NYSE:WAGE)

Wageworks Inc (NYSE:WAGE) institutional sentiment decreased to 1.58 in Q4 2017. Its down -0.30, from 1.88 in 2017Q3. The ratio dived, as 112 investment professionals increased and started new positions, while 71 decreased and sold holdings in Wageworks Inc. The investment professionals in our partner’s database now possess: 41.49 million shares, up from 41.12 million shares in 2017Q3. Also, the number of investment professionals holding Wageworks Inc in their top 10 positions increased from 5 to 7 for an increase of 2. Sold All: 17 Reduced: 54 Increased: 81 New Position: 31.

WageWorks, Inc. engages in administering consumer-directed benefits , which empower employees to save money on taxes, as well as provides corporate tax advantages for employers in the United States. The company has market cap of $1.76 billion. It administers CDBs, 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 offers commuter benefit services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act, and other employee benefits. It has a 37.87 P/E ratio. As of September 13, 2017, it had approximately 6.5 million employee participants from approximately 100,000 employer clients.

The stock increased 2.77% or $1.2 during the last trading session, reaching $44.5. About 268,622 shares traded. WageWorks, Inc. (NYSE:WAGE) has declined 36.26% since May 17, 2017 and is downtrending. It has underperformed by 47.81% the S&P500.

Falcon Point Capital Llc holds 3.46% of its portfolio in WageWorks, Inc. for 331,025 shares. Df Dent & Co Inc owns 2.06 million shares or 3.21% of their US portfolio. Moreover, Summit Creek Advisors Llc has 3.14% invested in the company for 269,438 shares. The Pennsylvania-based Conestoga Capital Advisors Llc has invested 2.85% in the stock. Ranger Investment Management L.P., a Texas-based fund reported 565,546 shares.

WageWorks, Inc. (NYSE:WAGE) Ratings Coverage

Ratings analysis reveals 50% of WageWorks’s analysts are positive. Out of 2 Wall Street analysts rating WageWorks, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. WAGE was included in 2 notes of analysts from April 6, 2018. Stifel Nicolaus maintained WageWorks, Inc. (NYSE:WAGE) rating on Friday, April 6. Stifel Nicolaus has “Buy” rating and $8000 target. The stock of WageWorks, Inc. (NYSE:WAGE) earned “Hold” rating by Needham on Friday, April 6.

More news for WageWorks, Inc. (NYSE:WAGE) were recently published by: Gurufocus.com, which released: “Lawsuit for investors in NYSE: WAGE shares against WageWorks Inc announced by Shareholders Foundation” on May 08, 2018. Globenewswire.com‘s article titled: “Kaskela Law LLC: Shareholder Class Action Filed Against WageWorks, Inc. – WAGE” and published on May 04, 2018 is yet another important article.

WageWorks, Inc. (NYSE:WAGE) Institutional Positions Chart

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