West Corp. (WSTC) Insider Sells $61,855.00 in Stock
West Corp. (NASDAQ:WSTC) insider Rodney J. Kempkes sold 2,780 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $22.25, for a total transaction of $61,855.00. Following the sale, the insider now owns 73,592 shares of the company’s stock, valued at approximately $1,637,422. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
West Corp. (NASDAQ:WSTC) opened at 22.01 on Friday. The stock has a 50 day moving average of $22.74 and a 200-day moving average of $21.99. West Corp. has a one year low of $17.26 and a one year high of $26.52. The stock has a market cap of $1.82 billion, a P/E ratio of 9.82 and a beta of 1.48.
West Corp. (NASDAQ:WSTC) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business earned $582.40 million during the quarter, compared to analyst estimates of $576.84 million. West Corp. had a net margin of 8.24% and a negative return on equity of 44.40%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. Analysts anticipate that West Corp. will post $3.04 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 22nd were paid a $0.225 dividend. The ex-dividend date was Thursday, August 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.09%. West Corp.’s dividend payout ratio (DPR) is presently 40.18%.
A number of brokerages recently weighed in on WSTC. Zacks Investment Research upgraded shares of West Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. Deutsche Bank AG upped their price objective on shares of West Corp. from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.00.
Several hedge funds have recently modified their holdings of WSTC. LSV Asset Management raised its stake in shares of West Corp. by 152.4% in the second quarter. LSV Asset Management now owns 5,300 shares of the company’s stock worth $104,000 after buying an additional 3,200 shares during the period. Teacher Retirement System of Texas raised its stake in shares of West Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,403 shares of the company’s stock worth $126,000 after buying an additional 775 shares during the period. Acrospire Investment Management LLC raised its stake in shares of West Corp. by 125.8% in the second quarter. Acrospire Investment Management LLC now owns 7,000 shares of the company’s stock worth $138,000 after buying an additional 3,900 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of West Corp. by 87.6% in the second quarter. BNP Paribas Arbitrage SA now owns 7,725 shares of the company’s stock worth $152,000 after buying an additional 3,607 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of West Corp. during the second quarter worth about $197,000. Institutional investors and hedge funds own 55.09% of the company’s stock.
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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