Wageworks, Inc. (WAGE) Files Form 4 Insider Selling : Joseph L. Jackson Sells 96,081 Shares

Wageworks, Inc. (WAGE): Joseph L. Jackson , Chief Executive Officer of Wageworks, Inc. sold 96,081 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $55.73 per share for a total value of $5,335,236.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Kimberly L. Wilford (General Counsel) sold 40,000 shares at $56.97 per share price.On Mar 16, 2016, Joseph L. Jackson (Chief Executive Officer) sold 13,639 shares at $46.62 per share price.Also, On Mar 11, 2016, Edgar O. Montes (Chief Operating Officer) sold 25,000 shares at $47.13 per share price.

Wageworks Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Wageworks Inc which led to swings in the share price. The shares opened for trading at $54.84 and hit $55.43 on the upside , eventually ending the session at $55.39, with a gain of 1.43% or 0.78 points. The heightened volatility saw the trading volume jump to 3,51,685 shares. The 52-week high of the share price is $58 and the company has a market cap of $2,006,890 M . The 52-week low of the share price is at $38.21.

Wageworks Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Wageworks Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 59 from a previous price target of $56 .The Rating was issued on May 6, 2016.Wageworks Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 56 from a previous price target of $55 .The Rating was issued on Apr 4, 2016.

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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