WageWorks (WAGE) Tops Q1 EPS by 4c

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Needham & Company Raises Price Target on WageWorks (WAGE) Following 1Q Beat

May 6, 2016 7:01 AM EDT

Needham & Company reiterated a Buy rating on WageWorks (NYSE: WAGE), and raised the price target to $60.00 (from $55.00), following the company's 1Q earnings report. WAGE reported revenue of $87 million, up 2% Y/Y and above the consensus of $86.3 million. The company recorded $0.33 in EPS, above the consensus of $0.29. Management reiterated... More