WageWorks (WAGE) Tops Q1 EPS by 1c

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Needham & Company Encouraged by WageWorks (WAGE) After 1Q15

May 6, 2015 7:22 AM EDT

Needham & Company maintained a Buy rating for WageWorks, Inc. (NYSE: WAGE) and lowered the target price to $65 (from $71) after solid results in the first quarter. WAGE reported organic revenue growth of 10.2% YoY, which led to an out-performance on EBITDA and EPS. Management will... More