Analysts are on the Bearish side about WageWorks, Inc. (NYSE:WAGE) this week.

WageWorks, Inc. (NYSE:WAGE) Logo
Investors sentiment decreased to 0.98 in 2018 Q3. Its down 0.40, from 1.38 in 2018Q2. It fall, as 19 investors sold WageWorks, Inc. shares while 68 reduced holdings. 32 funds opened positions while 53 raised stakes. 38.49 million shares or 1.18% less from 38.95 million shares in 2018Q2 were reported.
The Ontario – Canada-based Manufacturers Life Ins The has invested 0% in WageWorks, Inc. (NYSE:WAGE). Vanguard Grp Incorporated has 3.97M shares. Moreover, Tci Wealth Advsr has 0% invested in WageWorks, Inc. (NYSE:WAGE) for 17 shares. 61,750 were reported by Needham Investment Ltd. Arizona State Retirement Systems owns 57,499 shares. Moreover, Stifel Corp has 0% invested in WageWorks, Inc. (NYSE:WAGE) for 16,459 shares. River Road Asset Mgmt Ltd Llc stated it has 0.09% of its portfolio in WageWorks, Inc. (NYSE:WAGE). Us Comml Bank De invested in 0% or 20,832 shares. Parametric Portfolio Lc owns 179,389 shares. Alps Advsr owns 0% invested in WageWorks, Inc. (NYSE:WAGE) for 11,777 shares. Ameriprise Fincl reported 427,359 shares stake. Jacobs Levy Equity Management owns 14,619 shares. Ls Inv Advsr Limited Co invested in 1,821 shares or 0% of the stock. Morgan Stanley invested in 0.01% or 963,200 shares. 1.08M were reported by Riverbridge Partners Ltd Liability Corp.

WageWorks, Inc. (NYSE:WAGE) Ratings Coverage

Among 3 analysts covering WageWorks (NYSE:WAGE), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. WageWorks had 4 analyst reports since September 13, 2018 according to SRatingsIntel. The firm earned “Market Perform” rating on Tuesday, October 16 by Wells Fargo. The firm has “Outperform” rating by JMP Securities given on Monday, December 10. The firm has “Market Perform” rating by JMP Securities given on Thursday, September 13. The firm earned “Buy” rating on Thursday, September 13 by Stifel Nicolaus. Below is a list of WageWorks, Inc. (NYSE:WAGE) latest ratings and price target changes.

10/12/2018 Broker: JMP Securities Old Rating: Market Perform New Rating: Outperform Upgrade
16/10/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $65 New Target: $45 Maintain
13/09/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $64 New Target: $55 Maintain
13/09/2018 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Perform Old Target: $70 Downgrade

The stock increased 0.14% or $0.04 during the last trading session, reaching $27.91. About 408,309 shares traded. WageWorks, Inc. (NYSE:WAGE) has declined 52.26% since January 12, 2018 and is downtrending. It has underperformed by 52.26% the S&P500.

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 $1.11 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 23.75 P/E ratio. As of September 13, 2017, it had approximately 6.5 million employee participants from approximately 100,000 employer clients.

More notable recent WageWorks, Inc. (NYSE:WAGE) news were published by: Bizjournals.com which released: “Arizona’s minimum wage hike proves anything but ‘job killer’ – Phoenix Business Journal” on January 01, 2019, also Seekingalpha.com with their article: “Thor Industries: Freefall To End Soon? – Seeking Alpha” published on December 14, 2018, Prnewswire.com published: “Infosys (NYSE: INFY) Announces Results for the Quarter Ended December 31, 2018 – PRNewswire” on January 11, 2019. More interesting news about WageWorks, Inc. (NYSE:WAGE) were released by: Benzinga.com and their article: “McDonald’s (NYSE:MCD), Restaurant Brands (NYSE:QSR), Chipotle (NYSE:CMG) Are Morgan Stanley’s Top Restaurant Picks In Challenging Year For Sector – Benzinga” published on January 11, 2019 as well as Benzinga.com‘s news article titled: “Uncertainty Drives JMP Securities’ Wageworks (NYSE:WAGE) Downgrade – Benzinga” with publication date: September 13, 2018.

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

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