Numeric Investors LLC acquired a new position in West Corporation (NASDAQ:WSTC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 63,800 shares of the technology company’s stock, valued at approximately $1,488,000. Numeric Investors LLC owned approximately 0.08% of West Corporation as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WSTC. Karp Capital Management Corp bought a new stake in West Corporation in the 1st quarter worth about $212,000. Bowling Portfolio Management LLC bought a new stake in West Corporation in the 2nd quarter worth about $213,000. Virtu KCG Holdings LLC bought a new stake in West Corporation in the 2nd quarter worth about $223,000. BNP Paribas Arbitrage SA increased its holdings in West Corporation by 143.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,299 shares of the technology company’s stock worth $240,000 after buying an additional 6,068 shares in the last quarter. Finally, S. Muoio & CO. LLC bought a new stake in West Corporation in the 2nd quarter worth about $272,000. Institutional investors own 67.38% of the company’s stock.

Shares of West Corporation (NASDAQ:WSTC) opened at 23.485 on Monday. The company has a 50-day moving average price of $23.41 and a 200 day moving average price of $23.61. West Corporation has a 12-month low of $19.64 and a 12-month high of $28.57. The company has a market capitalization of $1.96 billion, a P/E ratio of 9.290 and a beta of 1.58.

West Corporation (NASDAQ:WSTC) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. West Corporation had a negative return on equity of 59.08% and a net margin of 9.39%. The company 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 fiscal year.

Several equities research analysts recently commented on WSTC shares. BidaskClub downgraded West Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded West Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.50.

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In related news, insider Rodney J. Kempkes sold 3,382 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $23.35, for a total transaction of $78,969.70. Following the transaction, the insider now directly owns 55,511 shares of the company’s stock, valued at approximately $1,296,181.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rodney J. Kempkes sold 3,385 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $23.36, for a total value of $79,073.60. Following the transaction, the insider now directly owns 52,126 shares in the company, valued at $1,217,663.36. The disclosure for this sale can be found here. Corporate 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.

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

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