Scott Etzler Sells 7,500 Shares of West Corp. (WSTC) Stock
West Corp. (NASDAQ:WSTC) insider Scott Etzler sold 7,500 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $25.00, for a total value of $187,500.00. Following the sale, the insider now owns 166,940 shares in the company, valued at approximately $4,173,500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Scott Etzler also recently made the following trade(s):
- On Thursday, November 10th, Scott Etzler sold 10,000 shares of West Corp. stock. The stock was sold at an average price of $23.05, for a total value of $230,500.00.
West Corp. (NASDAQ:WSTC) opened at 25.30 on Wednesday. West Corp. has a 12-month low of $17.26 and a 12-month high of $25.82. The company has a 50-day moving average price of $22.04 and a 200-day moving average price of $21.93. The firm has a market cap of $2.11 billion, a P/E ratio of 11.42 and a beta of 1.55.
West Corp. (NASDAQ:WSTC) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. The business had revenue of $571.40 million for 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 firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. On average, analysts predict that West Corp. will post $2.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Monday, November 14th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 3.56%. The ex-dividend date is Wednesday, November 9th. West Corp.’s dividend payout ratio is 40.54%.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted 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 in the last quarter. Jennison Associates LLC boosted its position in shares of West Corp. by 11.0% in the third quarter. Jennison Associates LLC now owns 3,149,915 shares of the company’s stock worth $69,550,000 after buying an additional 311,030 shares during the period. JPMorgan Chase & Co. boosted its position in shares of West Corp. by 3.8% in the third quarter. JPMorgan Chase & Co. now owns 1,291,629 shares of the company’s stock worth $28,519,000 after buying an additional 46,970 shares during the period. Peregrine Capital Management LLC bought a new position in shares of West Corp. during the third quarter worth about $28,494,000. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of 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 worth $28,156,000 after buying an additional 14,486 shares during the period. Institutional investors and hedge funds own 77.89% of the company’s stock.
Several analysts have issued reports on the company. William Blair restated a “buy” rating on shares of West Corp. in a report on Monday, November 7th. Zacks Investment Research upgraded West Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 6th. Finally, Deutsche Bank AG upped 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 analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. West Corp. presently has a consensus rating of “Hold” and an average price target of $26.00.
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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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