West Corporation (NASDAQ:WSTC) shares saw unusually-strong trading volume on Friday . Approximately 900,106 shares traded hands during mid-day trading, an increase of 112% from the previous session’s volume of 425,147 shares.The stock last traded at $23.38 and had previously closed at $23.37.

Several research analysts have issued reports on WSTC shares. BidaskClub lowered shares of West Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Zacks Investment Research cut shares of West Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.88.

The stock has a market cap of $1.96 billion, a PE ratio of 9.25 and a beta of 1.59. The firm has a 50-day moving average of $23.36 and a 200-day moving average of $23.74.

West Corporation (NASDAQ:WSTC) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. West Corporation had a net margin of 9.39% and a negative return on equity of 59.08%. The business had revenue of $574.39 million for the quarter, compared to analyst estimates of $579.40 million. On average, equities analysts anticipate that West Corporation will post $2.90 earnings per share for the current year.

In other West Corporation news, insider Rodney J. Kempkes sold 3,382 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $23.35, for a total value of $78,969.70. Following the sale, the insider now directly owns 55,511 shares in the company, valued at $1,296,181.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Rodney J. Kempkes sold 3,385 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $23.36, for a total transaction of $79,073.60. Following the completion of the sale, the insider now owns 52,126 shares in the company, valued at $1,217,663.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,149 shares of company stock worth $236,742. Company insiders own 4.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Americafirst Capital Management LLC acquired a new stake in West Corporation in the second quarter worth $160,000. Karp Capital Management Corp acquired a new stake in West Corporation in the first quarter worth $212,000. Bowling Portfolio Management LLC acquired a new stake in West Corporation in the second quarter worth $213,000. Virtu KCG Holdings LLC acquired a new stake in West Corporation in the second quarter worth $223,000. Finally, BNP Paribas Arbitrage SA raised its holdings in West Corporation by 143.4% in the second quarter. BNP Paribas Arbitrage SA now owns 10,299 shares of the technology company’s stock worth $240,000 after purchasing an additional 6,068 shares during the period. Institutional investors own 67.38% of the company’s stock.

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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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