West Corp. (WSTC) Insider Rodney J. Kempkes Sells 2,780 Shares of Stock
West Corp. (NASDAQ:WSTC) insider Rodney J. Kempkes sold 2,780 shares of West Corp. stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $22.25, for a total value of $61,855.00. Following the sale, the insider now owns 73,592 shares in the company, valued at $1,637,422. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of West Corp. (NASDAQ:WSTC) opened at 22.08 on Monday. The company has a 50-day moving average price of $22.71 and a 200-day moving average price of $21.98. The company has a market capitalization of $1.83 billion, a PE ratio of 9.85 and a beta of 1.50. West Corp. has a 52 week low of $17.26 and a 52 week high of $26.52.
West Corp. (NASDAQ:WSTC) last released its quarterly earnings data on Monday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. West Corp. had a negative return on equity of 44.40% and a net margin of 8.24%. The business had revenue of $582.40 million for the quarter, compared to the consensus estimate of $576.84 million. During the same quarter in the previous year, the company posted $0.79 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. Analysts predict that West Corp. will post $3.04 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in WSTC. Norges Bank purchased a new stake in West Corp. during the fourth quarter worth about $10,831,000. Phocas Financial Corp. purchased a new stake in West Corp. during the first quarter worth about $5,618,000. Vanguard Group Inc. increased its stake in West Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 4,777,780 shares of the company’s stock worth $93,931,000 after buying an additional 230,043 shares during the last quarter. JPMorgan Chase & Co. increased its stake in West Corp. by 16.0% in the second quarter. JPMorgan Chase & Co. now owns 1,244,659 shares of the company’s stock worth $24,470,000 after buying an additional 171,474 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in West Corp. by 16.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,148,052 shares of the company’s stock worth $22,570,000 after buying an additional 158,471 shares during the last quarter. 55.09% of the stock is currently owned by institutional investors and hedge funds.
WSTC has been the topic of a number of recent analyst reports. Deutsche Bank AG lifted their target price on West Corp. from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded West Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.
About West Corp.
West Corporation (West) is a global provider of technology-enabled communication services. The Company offers a range of communication and network infrastructure solutions that helps to manage or support communications. The Company operates through four segments: Unified Communications Services, which includes collaboration services, Unified Communications as a Service (UCaaS) and telecom services; Safety Services, which includes 9-1-1 network services, 9-1-1 telephony systems and services, 9-1-1 solutions for enterprises and database management; Interactive Services, which includes notifications and mobility, interactive voice response (IVR) self-service, cloud contact center and professional services, and Specialized Agent Services, which includes healthcare advocacy services, cost management services and revenue generation.
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