As Wageworks INC (WAGE) Market Value Declined, Falcon Point Capital LLC Upped Its Holding

October 12, 2017 - By Darrin Black

Investors sentiment increased to 2.09 in 2017 Q2. Its up 0.80, from 1.29 in 2017Q1. It improved, as 24 investors sold WAGE shares while 42 reduced holdings. 35 funds opened positions while 103 raised stakes. 39.93 million shares or 7.41% more from 37.18 million shares in 2017Q1 were reported. First Tru Advsrs LP owns 18,846 shares for 0% of their portfolio. 23,347 were reported by State Board Of Administration Of Florida Retirement System. Nationwide Fund Advsrs has 114,512 shares. Aperio Group Inc Ltd Liability accumulated 18,600 shares. Arcadia Invest Corporation Mi reported 406 shares. Capstone Inv Advsr Limited Liability Company invested in 4,216 shares or 0.01% of the stock. Diker Mgmt Limited Liability holds 10,500 shares. Evercore Wealth Management Ltd reported 0% of its portfolio in Wageworks Inc (NYSE:WAGE). Vanguard Gp owns 3.51 million shares or 0.01% of their US portfolio. Whittier Tru Com Of Nevada Incorporated invested 0% in Wageworks Inc (NYSE:WAGE). Schwab Charles Inv Management Inc reported 167,344 shares. Morgan Stanley holds 580,370 shares. Moreover, Oppenheimer Asset Incorporated has 0.07% invested in Wageworks Inc (NYSE:WAGE) for 35,847 shares. Stephens Inc Ar stated it has 8,040 shares. Wells Fargo Mn reported 0.02% of its portfolio in Wageworks Inc (NYSE:WAGE).

Falcon Point Capital Llc increased its stake in Wageworks Inc. (WAGE) by 76.83% based on its latest 2017Q2 regulatory filing with the SEC. Falcon Point Capital Llc bought 138,145 shares as the company’s stock declined 3.60% while stock markets rallied. The institutional investor held 317,946 shares of the miscellaneous company at the end of 2017Q2, valued at $21.37M, up from 179,801 at the end of the previous reported quarter. Falcon Point Capital Llc who had been investing in Wageworks Inc. for a number of months, seems to be bullish on the $2.53 billion market cap company. The stock rose 0.08% or $0.05 reaching $63.65 per share. About 38,189 shares traded. Wageworks Inc (NYSE:WAGE) has risen 27.63% since October 12, 2016 and is uptrending. It has outperformed by 10.93% the S&P500.

Falcon Point Capital Llc, which manages about $364.50M and $741.03M US Long portfolio, decreased its stake in Jack In The Box Inc. (NASDAQ:JACK) by 53,684 shares to 128,043 shares, valued at $12.61 million in 2017Q2, according to the filing. It also reduced its holding in Integra Life Sciences (NASDAQ:IART) by 164,317 shares in the quarter, leaving it with 192,724 shares, and cut its stake in Calamp Corp. (NASDAQ:CAMP).

Another recent and important Wageworks Inc (NYSE:WAGE) news was published by Bizjournals.com which published an article titled: “WageWorks unveils huge renovated facility in South End (PHOTOS)” on September 20, 2017.

Wageworks Inc (NYSE:WAGE) Ratings Coverage

Among 9 analysts covering WageWorks Inc (NYSE:WAGE), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. WageWorks Inc had 21 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, July 17 by Stifel Nicolaus. The rating was maintained by Leerink Swann on Monday, April 4 with “Outperform”. Stifel Nicolaus maintained Wageworks Inc (NYSE:WAGE) rating on Thursday, June 9. Stifel Nicolaus has “Buy” rating and $69 target. The company was maintained on Friday, February 19 by Needham. Sidoti initiated the shares of WAGE in report on Wednesday, October 14 with “Buy” rating. SunTrust maintained the stock with “Buy” rating in Wednesday, October 4 report. The stock of Wageworks Inc (NYSE:WAGE) earned “Buy” rating by Stifel Nicolaus on Friday, January 27. As per Friday, February 24, the company rating was maintained by Needham. The rating was maintained by Needham with “Buy” on Friday, November 6. The firm earned “Buy” rating on Friday, October 6 by Needham.

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