Insider Analysis: Edward Nafus, Wageworks Inc (NYSE:WAGE)’s insider Unloaded 2,000 Shares

November 28, 2016 - By whatsonthorold

Insider Analysis: Edward Nafus, Wageworks Inc (NYSE:WAGE)'s insider Unloaded 2,000 Shares

Edward Nafus Insider Sell

Edward Nafus currently the shareholder of Wageworks Inc recently sold 2,000 shares of the public firm. The insider deal has $148,680 US Dollars total value, at the average stock value of $74.3. Dated 28/11/2016, this significant sale by Edward Nafus was disclosed in the a document submitted together with the D.C. based-SEC. It is freely available for review here. Right now, he has rights to 6,500 shares or 0.02% of the Company’s market capitalization.

Wageworks Inc (NYSE:WAGE) Ratings Coverage

Out of 6 analysts covering WageWorks Inc (NYSE:WAGE), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $74 is the highest target while $55 is the lowest. The $66.33 average target is -10.29% below today’s ($73.94) stock price. WageWorks Inc has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, February 19 by Needham. Stifel Nicolaus maintained Wageworks Inc (NYSE:WAGE) rating on Thursday, June 9. Stifel Nicolaus has “Buy” rating and $69 price target. Sidoti initiated it with “Buy” rating and $59 target price in Wednesday, October 14 report. The company was maintained on Friday, May 6 by Stifel Nicolaus. The stock has “Market Outperform” rating given by JMP Securities on Wednesday, August 10. The stock of Wageworks Inc (NYSE:WAGE) has “Outperform” rating given on Monday, April 4 by Leerink Swann. Standpoint Research maintained Wageworks Inc (NYSE:WAGE) on Thursday, June 9 with “Buy” rating. The firm has “Buy” rating given on Friday, November 6 by Needham. Needham maintained it with “Buy” rating and $74 target price in Thursday, November 10 report.

Insitutional Activity: The institutional sentiment decreased to 1.23 in Q2 2016. Its down 0.43, from 1.66 in 2016Q1. The ratio worsened, as 15 funds sold all Wageworks Inc shares owned while 50 reduced positions. 38 funds bought stakes while 70 increased positions. They now own 37.10 million shares or 1.09% less from 37.50 million shares in 2016Q1.

Gemmer Asset Mgmt Lc accumulated 0% or 102 shares. Moreover, First Citizens Bank & Trust And Trust has 0.04% invested in Wageworks Inc (NYSE:WAGE) for 6,570 shares. First Mercantile, a Tennessee-based fund reported 2,310 shares. The California-based First Western Cap Mgmt has invested 0.39% in Wageworks Inc (NYSE:WAGE). Ahl Ltd Liability Partnership accumulated 20,438 shares or 0.07% of the stock. Voya Invest Management Limited Liability Corporation has 0% invested in the company for 15,843 shares. Panagora Asset Mgmt, a Massachusetts-based fund reported 8,775 shares. Archford Capital Strategies Lc owns 88 shares or 0% of their US portfolio. Cim Invest Mangement accumulated 4,714 shares or 0.12% of the stock. Conestoga Cap Advsr Limited Liability Company last reported 447,645 shares in the company. Ack Asset Mngmt Lc owns 250,000 shares or 4.44% of their US portfolio. Cap holds 400,000 shares or 0.01% of its portfolio. Finemark National Bank Trust accumulated 16 shares or 0% of the stock. Eagle Asset Mngmt holds 82,349 shares or 0.03% of its portfolio. Louisiana State Employees Retirement Sys holds 0.05% of its portfolio in Wageworks Inc (NYSE:WAGE) for 16,000 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 1 insider sale for $728,800 net activity. $728,800 worth of Wageworks Inc (NYSE:WAGE) was sold by Bodaken Bruce G.. 21,075 shares with value of $1.19 million were sold by Gramaglia Jerry on Wednesday, June 1.

About 247,073 shares traded hands or 2.93% up from the average. Wageworks Inc (NYSE:WAGE) has risen 40.11% since April 25, 2016 and is uptrending. It has outperformed by 34.10% the S&P500.

WageWorks, Inc. is engaged in administering Consumer-Directed Benefits . The company has a market cap of $2.72 billion. The Firm 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 and other employee benefits. It has a 131.58 P/E ratio. The Company’s CDB programs assist employees and their families in saving money by using pre-tax dollars to pay for certain of their healthcare, dependent care and commuter expenses.

According to Zacks Investment Research, “WageWorks, Inc. is an on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits, or CDBs, in the United States. The Company administers and operates an array of CDBs, including spending account management programs, such as health and dependent care flexible spending accounts, health savings accounts, health reimbursement arrangements and commuter benefits, such as transit and parking programs. The Company delivers its CDB programs through a benefits-as-a-service delivery model. WageWorks, Inc. is headquartered in San Mateo, California.”

Analysts await Wageworks Inc (NYSE:WAGE) to report earnings on February, 16. They expect $0.24 EPS, up 4.35% or $0.01 from last year’s $0.23 per share. WAGE’s profit will be $8.83 million for 77.02 P/E if the $0.24 EPS becomes a reality. After $0.21 actual EPS reported by Wageworks Inc for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

More important recent Wageworks Inc (NYSE:WAGE) news were published by: Fool.com which released: “Acquisitions to Fuel Growth at WageWorks Inc.” on November 11, 2016, also Fool.com published article titled: “WageWorks Inc. Sees Strong Growth Across All Core Business Lines”, Fool.com published: “WageWorks Inc. Earnings Fueled by Demand for Health Savings Accounts” on May 13, 2016. More interesting news about Wageworks Inc (NYSE:WAGE) was released by: Streetinsider.com and their article: “WageWorks (WAGE) to Acquire ADP’s (ADP) CHSA, COBRA Businesses” with publication date: November 01, 2016.

WAGE Company Profile

WageWorks, Inc., incorporated on January 28, 2000, is engaged in administering Consumer-Directed Benefits (CDBs). The Firm 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. The Company’s CDB programs assist employees and their families in saving money by using pre-tax dollars to pay for certain of their healthcare, dependent care and commuter expenses. Employers financially benefit from its programs through reduced payroll taxes. The Firm provides operational support services to its clients and its cross-functional teams, including customer support and claims processing.

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