West Corp. (WSTC) Major Shareholder Purchases $35,343.38 in Stock
West Corp. (NASDAQ:WSTC) major shareholder Mary E. West acquired 1,622 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were acquired at an average price of $21.79 per share, for a total transaction of $35,343.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of West Corp. (NASDAQ:WSTC) opened at 24.91 on Thursday. The stock’s 50 day moving average price is $21.70 and its 200-day moving average price is $21.83. The stock has a market capitalization of $2073.78 billion, a price-to-earnings ratio of 8.74 and a beta of 1.55. West Corp. has a 12 month low of $17.26 and a 12 month 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. West Corp. had a net margin of 8.17% and a negative return on equity of 45.79%. The business had revenue of $571.40 million for the quarter, compared to analysts’ expectations of $573.71 million. During the same period in the previous year, the company posted $0.80 EPS. West Corp.’s revenue was down .5% on a year-over-year basis. Equities analysts forecast that West Corp. will post $2.98 earnings per share for the current fiscal year.
The business 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 dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, November 9th. West Corp.’s dividend payout ratio is currently 40.54%.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in West Corp. by 1.2% in the third quarter. BlackRock Inc. now owns 11,817 shares of the company’s stock valued at $261,000 after buying an additional 145 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in West Corp. by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 20,365 shares of the company’s stock valued at $450,000 after buying an additional 398 shares in the last quarter. Teacher Retirement System of Texas boosted its position in West Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,403 shares of the company’s stock valued at $126,000 after buying an additional 775 shares in the last quarter. California State Teachers Retirement System boosted its position in West Corp. by 0.9% in the third quarter. California State Teachers Retirement System now owns 91,421 shares of the company’s stock valued at $2,019,000 after buying an additional 800 shares in the last quarter. Finally, Strs Ohio boosted its position in West Corp. by 2.2% in the second quarter. Strs Ohio now owns 41,000 shares of the company’s stock valued at $806,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 55.08% of the company’s stock.
A number of research analysts recently weighed in on the company. Zacks Investment Research cut West Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. William Blair reiterated a “buy” rating on shares of West Corp. in a report on Monday, November 7th. Finally, Deutsche Bank AG lifted their target price on West Corp. from $23.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. West Corp. presently has an average rating of “Hold” and an average price target of $26.00.
West Corp. Company Profile
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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