West Corp. (WSTC) Insider Scott Etzler Sells 10,000 Shares of Stock
West Corp. (NASDAQ:WSTC) insider Scott Etzler sold 10,000 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $23.05, for a total value of $230,500.00. Following the transaction, the insider now directly owns 174,440 shares in the company, valued at approximately $4,020,842. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
West Corp. (NASDAQ:WSTC) opened at 24.06 on Tuesday. The stock has a 50 day moving average price of $21.56 and a 200 day moving average price of $21.79. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 10.86 and a beta of 1.55. West Corp. has a 52 week low of $17.26 and a 52 week high of $25.82.
West Corp. (NASDAQ:WSTC) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. The business earned $571.40 million during the quarter, compared to analysts’ expectations of $573.71 million. West Corp. had a negative return on equity of 45.79% and a net margin of 8.17%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. Equities research analysts expect that West Corp. will post $2.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Monday, November 14th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $0.90 annualized dividend and a dividend yield of 3.74%. West Corp.’s dividend payout ratio is currently 40.54%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in West Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 4,777,780 shares of the company’s stock valued at $93,931,000 after buying an additional 230,043 shares during the last quarter. Jennison Associates LLC increased its position in West Corp. by 11.0% in the third quarter. Jennison Associates LLC now owns 3,149,915 shares of the company’s stock valued at $69,550,000 after buying an additional 311,030 shares during the last quarter. JPMorgan Chase & Co. increased its position in West Corp. by 3.8% in the third quarter. JPMorgan Chase & Co. now owns 1,291,629 shares of the company’s stock valued at $28,519,000 after buying an additional 46,970 shares during the last quarter. Peregrine Capital Management LLC purchased a new position in West Corp. during the third quarter valued at $28,494,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in West Corp. by 1.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,275,192 shares of the company’s stock valued at $28,156,000 after buying an additional 14,486 shares during the last quarter. 55.08% of the stock is owned by hedge funds and other institutional investors.
WSTC has been the topic of a number of recent research reports. William Blair reissued a “buy” rating on shares of West Corp. in a research note on Monday, November 7th. Deutsche Bank AG boosted their price objective on West Corp. from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research raised West Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. West Corp. has a consensus rating of “Hold” and an average target price of $26.00.
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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