Wageworks, Inc. (WAGE): Kimberly L. Wilford , General Counsel of Wageworks, Inc. sold 40,000 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $56.97 per share for a total value of $2,262,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, Joseph L. Jackson (Chief Executive Officer) sold 13,639 shares at $46.62 per share price.On Mar 11, 2016, Edgar O. Montes (Chief Operating Officer) sold 25,000 shares at $47.13 per share price.
Shares of Wageworks Inc (WAGE) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.1 points or -0.18% at $57 with 2,85,961 shares getting traded. Post opening the session at $57.31, the shares hit an intraday low of $55.99 and an intraday high of $58 and the price vacillated in this range throughout the day. The company has a market cap of $2,065 M and the number of outstanding shares has been calculated to be 3,62,31,628 shares. The 52-week high of Wageworks Inc is $58 and the 52-week low is $38.19.
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 Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 55 from a previous price target of $57 . The Rating was issued on Feb 19, 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.