Spark Investment Management LLC decreased its position in West Corporation (NASDAQ:WSTC) by 19.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153,500 shares of the technology company’s stock after selling 36,200 shares during the period. Spark Investment Management LLC’s holdings in West Corporation were worth $3,579,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of West Corporation by 22.2% in the fourth quarter. Renaissance Technologies LLC now owns 171,500 shares of the technology company’s stock worth $4,246,000 after buying an additional 31,100 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of West Corporation by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 73,148 shares of the technology company’s stock worth $1,811,000 after buying an additional 2,983 shares in the last quarter. Foundry Partners LLC purchased a new stake in shares of West Corporation during the first quarter worth approximately $3,802,000. Peregrine Capital Management LLC boosted its stake in shares of West Corporation by 4.3% in the first quarter. Peregrine Capital Management LLC now owns 1,321,643 shares of the technology company’s stock worth $31,891,000 after buying an additional 53,985 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of West Corporation by 1,056.9% in the first quarter. Creative Planning now owns 11,569 shares of the technology company’s stock worth $283,000 after buying an additional 10,569 shares in the last quarter. 68.92% of the stock is owned by institutional investors.

West Corporation (NASDAQ WSTC) opened at 23.34 on Friday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 9.77 and a beta of 1.59. West Corporation has a 1-year low of $19.64 and a 1-year high of $28.57. The firm’s 50 day moving average price is $23.29 and its 200-day moving average price is $23.95.

West Corporation (NASDAQ:WSTC) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. West Corporation had a net margin of 8.85% and a negative return on equity of 53.38%. The business had revenue of $574.39 million during the quarter, compared to the consensus estimate of $579.40 million. On average, equities analysts anticipate that West Corporation will post $2.91 earnings per share for the current year.

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WSTC has been the subject of a number of research reports. Robert W. Baird cut West Corporation from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $28.00 to $24.00 in a research report on Wednesday, May 10th. Deutsche Bank AG cut West Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $23.50 price target on shares of West Corporation in a research report on Wednesday, May 10th. William Blair cut West Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 10th. Finally, Zacks Investment Research raised West Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. West Corporation presently has a consensus rating of “Hold” and an average target price of $24.88.

In other news, insider Rodney J. Kempkes sold 3,382 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $23.35, for a total transaction of $78,969.70. Following the completion of the sale, the insider now owns 55,511 shares in the company, valued at $1,296,181.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rodney J. Kempkes sold 1,160 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $23.15, for a total transaction of $26,854.00. Following the sale, the insider now owns 62,275 shares of the company’s stock, valued at approximately $1,441,666.25. The disclosure for this sale can be found here. Insiders have sold 7,924 shares of company stock valued at $184,523 in the last quarter. Insiders own 4.60% of the company’s stock.

West Corporation Company Profile

West Corporation is a provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services.

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Institutional Ownership by Quarter for West Corporation (NASDAQ:WSTC)

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