Granite Investment Partners LLC increased its position in shares of Wageworks Inc (NYSE:WAGE) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,851 shares of the business services provider’s stock after acquiring an additional 812 shares during the quarter. Granite Investment Partners LLC’s holdings in Wageworks were worth $512,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Piedmont Investment Advisors Inc. grew its position in Wageworks by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 9,433 shares of the business services provider’s stock worth $256,000 after purchasing an additional 308 shares during the last quarter. Royce & Associates LP grew its position in Wageworks by 51.2% during the 4th quarter. Royce & Associates LP now owns 992 shares of the business services provider’s stock worth $27,000 after purchasing an additional 336 shares during the last quarter. BB&T Corp grew its position in Wageworks by 9.9% during the 4th quarter. BB&T Corp now owns 8,291 shares of the business services provider’s stock worth $225,000 after purchasing an additional 745 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in Wageworks during the 3rd quarter worth approximately $36,000. Finally, Flinton Capital Management LLC grew its position in Wageworks by 5.4% during the 4th quarter. Flinton Capital Management LLC now owns 18,054 shares of the business services provider’s stock worth $490,000 after purchasing an additional 918 shares during the last quarter.
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Several analysts have weighed in on WAGE shares. Zacks Investment Research raised shares of Wageworks from a “sell” rating to a “hold” rating in a research report on Saturday, November 17th. JMP Securities raised shares of Wageworks from a “market perform” rating to an “outperform” rating and set a $29.48 target price on the stock in a research report on Monday, December 10th. SunTrust Banks dropped their price objective on shares of Wageworks to $50.00 and set a “buy” rating on the stock in a report on Monday, January 28th. Finally, Wells Fargo & Co raised shares of Wageworks from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $45.00 to $65.00 in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Wageworks has a consensus rating of “Buy” and an average target price of $52.12.
WAGE stock opened at $29.87 on Thursday. Wageworks Inc has a 12 month low of $25.15 and a 12 month high of $56.80.
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Wageworks Company Profile
WageWorks, Inc is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to 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), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits.
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