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Wageworks Inc (NYSE:WAGE) has been downgraded to Hold in a report by Zacks Investment Research today.

Just yesterday Wageworks Inc (NYSE:WAGE) traded 0.09% higher at $64.25. Wageworks Inc’s 50-day moving average is $64.14 and its 200-day moving average is $70.73. The last stock price is down -18.63% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 271,745 shares of WAGE traded hands, down from an average trading volume of 380,847

Zacks Investment Research has downgraded Wageworks Inc (NYSE:WAGE) to Hold in a report released on 7/07/2017.

Recent Performance Chart

Wageworks Inc (NYSE:WAGE)

Wageworks Inc has 52 week low of $55.65 and a 52 week high of $80.50 with a PE ratio of 52.56 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokerages have issued a research note on the company. The average stock price target is $59.60 with 4 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Wageworks Inc (NYSE:WAGE)

WageWorks, Inc. is engaged in administering Consumer-Directed Benefits (CDBs). The Company 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. Its 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. It provides operational support services to its clients and its cross-functional teams, including customer support and claims processing. It administers HSAs for employers that allow employee participants to invest funds to be used for qualified healthcare expenses.

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