West Corp. (WSTC) Insider Rodney J. Kempkes Sells 2,780 Shares of Stock
West Corp. (NASDAQ:WSTC) insider Rodney J. Kempkes sold 2,780 shares of the firm’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $25.00, for a total transaction of $69,500.00. Following the completion of the transaction, the insider now directly owns 68,032 shares in the company, valued at $1,700,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
West Corp. (NASDAQ:WSTC) opened at 24.76 on Wednesday. The company’s 50 day moving average is $22.32 and its 200-day moving average is $22.01. West Corp. has a 52-week low of $17.26 and a 52-week high of $25.80. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 11.18 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 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. West Corp. had a net margin of 8.17% and a negative return on equity of 45.79%. The company earned $571.40 million during the quarter, compared to analyst estimates of $573.71 million. During the same period in the prior year, the business posted $0.80 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Equities analysts anticipate that West Corp. will post $2.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Monday, November 14th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, November 9th. This represents a $0.90 dividend on an annualized basis and a yield of 3.63%. West Corp.’s dividend payout ratio is currently 40.54%.
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WSTC has been the topic of a number of recent research reports. Deutsche Bank AG raised their price objective on shares of West Corp. from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research raised shares of West Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. Finally, William Blair reaffirmed a “buy” rating on shares of West Corp. in a research note on Monday, November 7th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $26.00.
A number of large investors have recently bought and sold shares of the stock. LSV Asset Management raised its stake in 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 in the last quarter. Teacher Retirement System of Texas increased its position 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 last quarter. Acrospire Investment Management LLC increased its position 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 last quarter. D.A. Davidson & CO. increased its position in shares of West Corp. by 542.0% in the third quarter. D.A. Davidson & CO. now owns 6,285 shares of the company’s stock worth $138,000 after buying an additional 5,306 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position 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 last quarter. Institutional investors own 76.03% 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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