Falcon Point Capital LLC Maintains Holding in Wageworks INC (WAGE)

December 14, 2017 - By Adrian Erickson

Investors sentiment increased to 2.09 in 2017 Q2. Its up 0.80, from 1.29 in 2017Q1. It is positive, 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. Rhumbline Advisers holds 72,729 shares. Tiaa Cref Inv Mngmt Ltd holds 0.01% or 127,109 shares in its portfolio. Granahan Ma reported 51,490 shares. Ngam Lp, Massachusetts-based fund reported 10,298 shares. Cap Invsts accumulated 400,000 shares. Of Vermont reported 75 shares or 0% of all its holdings. D E Shaw has invested 0.01% in WageWorks, Inc. (NYSE:WAGE). Macquarie owns 0.07% invested in WageWorks, Inc. (NYSE:WAGE) for 597,064 shares. Ranger Mngmt LP reported 2.61% of its portfolio in WageWorks, Inc. (NYSE:WAGE). Morgan Stanley accumulated 580,370 shares or 0.01% of the stock. Neuberger Berman Group Inc Ltd Company stated it has 399,277 shares. Regions Financial accumulated 0% or 4,683 shares. Cornerstone has 0.01% invested in WageWorks, Inc. (NYSE:WAGE) for 281 shares. Arcadia Inv Management Mi stated it has 406 shares. Summit Creek Advisors Ltd Liability Corp invested in 3.15% or 227,920 shares.

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 $21.37 million, 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 $2.43B market cap company. The stock increased 0.33% or $0.2 during the last trading session, reaching $61.3. About 200,542 shares traded. WageWorks, Inc. (NYSE:WAGE) has risen 27.63% since December 14, 2016 and is uptrending. It has outperformed by 10.93% the S&P500.

Falcon Point Capital Llc, which manages about $364.50M and $741.03 million US Long portfolio, decreased its stake in Calamp Corp. (NASDAQ:CAMP) by 385,399 shares to 914,190 shares, valued at $18.59 million in 2017Q2, according to the filing. It also reduced its holding in William Lyon Homes (NYSE:WLH) by 137,176 shares in the quarter, leaving it with 661,637 shares, and cut its stake in Integra Life Sciences (NASDAQ:IART).

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 22 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 9 by Stifel Nicolaus. Chardan Capital Markets initiated WageWorks, Inc. (NYSE:WAGE) on Wednesday, November 30 with “Buy” rating. As per Thursday, November 10, the company rating was maintained by Needham. The company was maintained on Thursday, November 9 by Stifel Nicolaus. The stock of WageWorks, Inc. (NYSE:WAGE) earned “Buy” rating by Needham on Friday, February 19. Chardan Capital Markets maintained the shares of WAGE in report on Friday, February 24 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, October 3. The firm has “Buy” rating given on Wednesday, October 4 by SunTrust. The rating was maintained by JMP Securities on Wednesday, August 10 with “Market Outperform”. Standpoint Research maintained WageWorks, Inc. (NYSE:WAGE) rating on Thursday, June 9. Standpoint Research has “Buy” rating and $69 target.

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