Rodney J. Kempkes Sells 1,160 Shares of West Corporation (WSTC) Stock
West Corporation (NASDAQ:WSTC) insider Rodney J. Kempkes sold 1,160 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $23.15, for a total value of $26,854.00. Following the transaction, the insider now directly owns 62,275 shares of the company’s stock, valued at approximately $1,441,666.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of West Corporation (NASDAQ:WSTC) traded down 0.04% on Friday, reaching $23.21. The company had a trading volume of 514,842 shares. The company has a 50 day moving average price of $23.62 and a 200 day moving average price of $24.32. West Corporation has a 52-week low of $18.55 and a 52-week high of $28.57. The stock has a market capitalization of $1.94 billion, a PE ratio of 9.71 and a beta of 1.59.
COPYRIGHT VIOLATION NOTICE: “Rodney J. Kempkes Sells 1,160 Shares of West Corporation (WSTC) Stock” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/06/16/west-corp-wstc-insider-rodney-j-kempkes-sells-1160-shares-updated-updated.html.
WSTC has been the subject of several recent research reports. Zacks Investment Research raised West Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Robert W. Baird cut West Corporation from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $28.00 to $24.00 in a report on Wednesday, May 10th. Wells Fargo & Company restated a “market perform” rating and set a $23.50 price objective on shares of West Corporation in a report on Wednesday, May 10th. Deutsche Bank AG cut West Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, William Blair cut West Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.10.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of West Corporation by 1.2% in the third quarter. BlackRock Inc. now owns 11,817 shares of the technology company’s stock worth $261,000 after buying an additional 145 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of West Corporation by 1.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,275,192 shares of the technology company’s stock worth $28,156,000 after buying an additional 14,486 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of West Corporation during the third quarter worth about $223,000. Analytic Investors LLC acquired a new stake in shares of West Corporation during the third quarter worth about $913,000. Finally, Bessemer Group Inc. boosted its stake in shares of West Corporation by 1.0% in the fourth quarter. Bessemer Group Inc. now owns 29,600 shares of the technology company’s stock worth $733,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 74.17% of the company’s stock.
About West Corporation
West Corporation is a provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services.
Receive News & Stock Ratings for West Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Corporation and related stocks with our FREE daily email newsletter.