Nomura Holdings Inc. raised its position in shares of WageWorks, Inc. (NYSE:WAGE) by 185.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,406 shares of the business services provider’s stock after purchasing an additional 5,466 shares during the quarter. Nomura Holdings Inc.’s holdings in WageWorks were worth $564,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in WageWorks by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 139 shares in the last quarter. Advisor Group Inc. increased its stake in WageWorks by 10.8% during the 2nd quarter. Advisor Group Inc. now owns 1,594 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 156 shares in the last quarter. First Mercantile Trust Co. increased its stake in WageWorks by 20.7% during the 2nd quarter. First Mercantile Trust Co. now owns 1,925 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 330 shares in the last quarter. Victory Capital Management Inc. increased its stake in WageWorks by 8.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,819 shares of the business services provider’s stock valued at $132,000 after purchasing an additional 134 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its stake in WageWorks by 85.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,964 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 1,364 shares in the last quarter.

A number of brokerages have recently issued reports on WAGE. Zacks Investment Research downgraded shares of WageWorks from a “strong-buy” rating to a “hold” rating in a report on Friday, July 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 price target on shares of WageWorks in a report on Monday, July 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 price target on shares of WageWorks in a report on Friday, October 6th. Finally, BidaskClub raised shares of WageWorks from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. WageWorks currently has a consensus rating of “Hold” and an average price target of $80.30.

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Shares of WageWorks, Inc. (WAGE) opened at 64.85 on Friday. The stock’s 50 day moving average is $60.98 and its 200-day moving average is $65.72. The stock has a market cap of $2.57 billion, a P/E ratio of 59.22 and a beta of 0.84. WageWorks, Inc. has a one year low of $55.80 and a one year high of $80.50.

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

WageWorks 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.

Institutional Ownership by Quarter for WageWorks (NYSE:WAGE)

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