West Corp. (WSTC) Trading Up 2.5%
Shares of West Corp. (NASDAQ:WSTC) were up 2.5% during mid-day trading on Thursday . The stock traded as high as $19.79 and last traded at $19.78, with a volume of 146,828 shares traded. The stock had previously closed at $19.29.
Several analysts have recently issued reports on WSTC shares. Morgan Stanley cut shares of West Corp. from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $25.00 to $22.00 in a research report on Thursday, April 7th. TheStreet raised shares of West Corp. from a “sell” rating to a “hold” rating in a research report on Monday, March 21st. Goldman Sachs Group Inc. cut shares of West Corp. from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Monday, March 28th. Barclays PLC cut shares of West Corp. from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $22.00 to $21.00 in a report on Wednesday, March 16th. Finally, William Blair reaffirmed a “buy” rating on shares of West Corp. in a report on Friday, May 6th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.40.
The firm has a 50 day moving average price of $20.84 and a 200-day moving average price of $21.13. The company has a market cap of $1.62 billion and a P/E ratio of 8.06.
West Corp. (NASDAQ:WSTC) last posted its quarterly earnings results on Monday, May 2nd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. During the same period last year, the business earned $1.16 EPS. The business earned $570.80 million during the quarter. West Corp.’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts expect that West Corp. will post $3.03 EPS for the current year.
In other West Corp. news, insider Scott Etzler sold 10,000 shares of West Corp. stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $21.15, for a total value of $211,500.00. Following the completion of the sale, the insider now owns 123,560 shares in the company, valued at approximately $2,613,294. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas B. Barker purchased 25,000 shares of the stock in a transaction on Tuesday, May 31st. The stock was acquired at an average price of $21.09 per share, with a total value of $527,250.00. Following the acquisition, the chief executive officer now directly owns 1,392,254 shares in the company, valued at $29,362,636.86. The disclosure for this purchase can be found here.
Other hedge funds have bought and sold shares of the company. Nationwide Fund Advisors boosted its stake in West Corp. by 0.6% in the fourth quarter. Nationwide Fund Advisors now owns 58,811 shares of the company’s stock valued at $1,269,000 after buying an additional 354 shares during the period. New York State Common Retirement Fund boosted its stake in shares of West Corp. by 2.4% in the fourth quarter. New York State Common Retirement Fund now owns 67,863 shares of the company’s stock worth $1,464,000 after buying an additional 1,618 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of West Corp. by 3.6% in the fourth quarter. Rhumbline Advisers now owns 66,518 shares of the company’s stock worth $1,435,000 after buying an additional 2,335 shares during the last quarter. Swiss National Bank boosted its stake in shares of West Corp. by 9.9% in the fourth quarter. Swiss National Bank now owns 60,330 shares of the company’s stock worth $1,301,000 after buying an additional 5,430 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of West Corp. by 2.5% in the fourth quarter. American Century Companies Inc. now owns 493,805 shares of the company’s stock worth $10,651,000 after buying an additional 12,242 shares during the last quarter.
West Corporation (West) is a 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 in two segments: Unified Communications, including conferencing and collaboration, Internet protocol (IP) communications and interactive services, and Communication Services, including safety services, telecom services and specialized agent services.