Short Interest To Observe: Is Buying Wageworks Incorporated (NYSE:WAGE) Here Good Idea?

November 21, 2016 - By Peter Erickson   ·   0 Comments

Short Interest To Observe: Is Buying Wageworks Incorporated (NYSE:WAGE) Here Good Idea?

The stock of Wageworks Incorporated (NYSE:WAGE) registered an increase of 4.64% in short interest. WAGE’s total short interest was 1.29M shares in November as published by FINRA. Its up 4.64% from 1.23 million shares, reported previously. With 139,700 shares average volume, it will take short sellers 9 days to cover their WAGE’s short positions. The short interest to Wageworks Incorporated’s float is 3.75%. The stock last traded at $72.8 per share. It is down 37.62% since April 19, 2016 and is uptrending. It has outperformed by 33.76% the S&P500.

WageWorks, Inc. is engaged in administering Consumer-Directed Benefits . The company has a market cap of $2.67 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 129.53 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.

Insitutional Activity: The institutional sentiment decreased to 1.23 in 2016 Q2. Its down 0.43, from 1.66 in 2016Q1. The ratio is negative, 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.
Essex Inv Ltd Llc reported 12,398 shares or 0.12% of all its holdings. Citadel Advisors Lc owns 9,918 shares or 0% of their US portfolio. Price T Rowe Md has 16,014 shares for 0% of their US portfolio. The New York-based Ack Asset Limited Liability Company has invested 4.44% in Wageworks Inc (NYSE:WAGE). Parametric Port Assoc Ltd Liability Corp accumulated 0.01% or 147,112 shares. Virginia Retirement Systems Et Al holds 7,700 shares or 0.01% of its portfolio. Pinebridge Invs Lp last reported 4,595 shares in the company. Ubs Asset Mgmt Americas owns 252,475 shares or 0.02% of their US portfolio. Blackrock Group Inc Limited holds 0% of its portfolio in Wageworks Inc (NYSE:WAGE) for 48,223 shares. Conestoga Capital Advsr Limited holds 447,645 shares or 1.98% of its portfolio. Franklin Street Advisors Nc holds 3,925 shares or 0.04% of its portfolio. Swiss Bancorp reported 58,500 shares or 0.01% of all its holdings. Bnp Paribas Arbitrage, a New York-based fund reported 11,322 shares. Ls Investment Advsr Ltd Com accumulated 1,346 shares or 0.01% of the stock. Creative Planning holds 0% of its portfolio in Wageworks Inc (NYSE:WAGE) for 422 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 1 insider sale for $1.19 million net activity. 3,442 shares were sold by NAFUS EDWARD C, worth $194,611. The insider Gramaglia Jerry sold $1.19M.

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. WageWorks Inc has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Market Outperform” rating by JMP Securities given on Wednesday, August 10. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, June 9 report. As per Thursday, June 9, the company rating was maintained by Standpoint Research. The firm earned “Buy” rating on Wednesday, October 14 by Sidoti. On Monday, April 4 the stock rating was maintained by Leerink Swann with “Outperform”. As per Friday, February 19, the company rating was maintained by Needham. The firm has “Buy” rating given on Friday, May 6 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, November 6 by Needham. On Thursday, November 10 the stock rating was maintained by Needham with “Buy”.

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.

More 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 the news titled: “WageWorks Inc. Sees Strong Growth Across All Core Business Lines” on August 18, 2016. Quotes.Wsj.com‘s news article titled: “WageWorks Inc. WAGE (US: NYSE)” with publication date: August 04, 2011 was also an interesting one.

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By Peter Erickson


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