Alpinvest Partners B.v. adds Wageworks Inc (WAGE) to its portfolio

Wageworks Inc (WAGE) : Alpinvest Partners B.v. added new position in Wageworks Inc during the most recent quarter end. The investment management firm now holds 30,966 shares of Wageworks Inc which is valued at $1.7 Million , the company said in a statement filed on May 13, 2016 with the SEC.Wageworks Inc makes up approximately 3.32% of Alpinvest Partners B.v.’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management added WAGE to its portfolio by purchasing 4,865 company shares during the most recent quarter which is valued at $271,662.Ubs Asset Management Americas Inc boosted its stake in WAGE in the latest quarter, The investment management firm added 115,475 additional shares and now holds a total of 138,574 shares of Wageworks Inc which is valued at $7.7 Million. Wageworks Inc makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio. Sg Americas Securities added WAGE to its portfolio by purchasing 2,753 company shares during the most recent quarter which is valued at $153,728.Comerica Bank boosted its stake in WAGE in the latest quarter, The investment management firm added 661 additional shares and now holds a total of 37,115 shares of Wageworks Inc which is valued at $2.1 Million. Wageworks Inc makes up approx 0.02% of Comerica Bank’s portfolio. Quantitative Investment Management added WAGE to its portfolio by purchasing 9,400 company shares during the most recent quarter which is valued at $512,582. Wageworks Inc makes up approx 0.02% of Quantitative Investment Management’s portfolio.

Wageworks Inc closed down -1.1 points or -1.93% at $55.98 with 1,62,669 shares getting traded on Wednesday. Post opening the session at $57, the shares hit an intraday low of $55.77 and an intraday high of $57.6999 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Wageworks Inc reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.29. The company had revenue of $87.00 million for the quarter, compared to analysts expectations of $86.33 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on Wageworks Inc. Company shares were Reiterated by Stifel on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $56 .Company shares were Reiterated by Stifel on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 56 from a previous price target of $55 .Shares were Reiterated by Needham on Feb 19, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $57 .

WageWorks Inc. is engaged in administering Consumer-Directed Benefits (CDBs) which empower employees to save money on taxes while also providing corporate tax advantages for employers. The Company is focused on 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) Commuter Benefit Services including transit and parking programs wellness programs COBRA and other employee benefits.

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