Wageworks Inc (NYSE:WAGE) was the recipient of some unusual options trading on Tuesday. Investors purchased 1,312 put options on the company. This is an increase of 1,673% compared to the average volume of 74 put options.
Wageworks stock opened at $36.65 on Thursday. Wageworks has a 1-year low of $25.15 and a 1-year high of $58.10.
Institutional investors have recently bought and sold shares of the company. River Road Asset Management LLC purchased a new stake in shares of Wageworks during the third quarter worth about $4,099,000. Morgan Stanley boosted its holdings in shares of Wageworks by 17.0% during the third quarter. Morgan Stanley now owns 963,200 shares of the business services provider’s stock worth $41,177,000 after purchasing an additional 139,847 shares during the period. Vanguard Group Inc boosted its holdings in shares of Wageworks by 5.3% during the third quarter. Vanguard Group Inc now owns 3,968,695 shares of the business services provider’s stock worth $169,661,000 after purchasing an additional 198,624 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Wageworks by 14.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 51,017 shares of the business services provider’s stock worth $2,181,000 after purchasing an additional 6,359 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Wageworks by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 445,188 shares of the business services provider’s stock worth $19,032,000 after purchasing an additional 9,087 shares during the period.
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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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