Stifel Nicolaus Reiterates a Buy Rating on Wageworks Inc

By Jason Carr

Stifel Nicolaus analyst David Grossman reiterated a Buy rating on Wageworks Inc (NYSE: WAGE) today and set a price target of $85. The company’s shares closed on Friday at $65.55.

According to TipRanks.com, Grossman is a 5-star analyst with an average return of 16.8% and a 76.7% success rate. Grossman covers the Technology sector, focusing on stocks such as Automatic Data Processing, Bottomline Technologies, and Exlservice Holdings.

Wageworks Inc has an analyst consensus of Moderate Buy, with a price target consensus of $83.50.

Wageworks Inc’s market cap is currently $2.43B and has a P/E ratio of 96.40. The company has a book value ratio of 5.6914.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. Last month, Joseph Jackson, the CEO of WAGE sold 495,148 shares for a total of $34,288,999.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

WageWorks, Inc. engages in the provision of consumer-directed benefits. It offers health card programs, health savings account, pre-tax spending accounts, medical and dental reimbursement arrangements, and transit and parking programs. The company was founded by Clem O’Donnell and Jon Kessler on January 28, 2000 and is headquartered in San Mateo, CA.