Todd Dzyak Sells 10,000 Shares of WidePoint (NYSEAMERICAN:WYY) Stock

WidePoint Corporation (NYSEAMERICAN:WYY) COO Todd Dzyak sold 10,000 shares of WidePoint stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00. Following the transaction, the chief operating officer directly owned 125,436 shares in the company, valued at approximately $1,881,540. This represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

WidePoint Price Performance

Shares of NYSEAMERICAN WYY opened at $17.62 on Thursday. WidePoint Corporation has a twelve month low of $2.80 and a twelve month high of $18.00. The stock’s 50 day moving average price is $9.56 and its 200-day moving average price is $6.98. The company has a market capitalization of $174.26 million, a PE ratio of -88.10 and a beta of 1.81. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.32.

WidePoint (NYSEAMERICAN:WYY) last issued its quarterly earnings results on Thursday, May 14th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.13. The company had revenue of $40.58 million during the quarter, compared to the consensus estimate of $37.87 million. WidePoint had a negative return on equity of 16.24% and a negative net margin of 1.24%. On average, equities analysts anticipate that WidePoint Corporation will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WYY. HC Wainwright reaffirmed a “buy” rating and set a $9.00 target price on shares of WidePoint in a research report on Monday, March 30th. Zacks Research upgraded shares of WidePoint from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.67.

Hedge Funds Weigh In On WidePoint

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in WidePoint by 19,130.8% during the first quarter. Royal Bank of Canada now owns 5,000 shares of the technology company’s stock valued at $25,000 after purchasing an additional 4,974 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of WidePoint in the first quarter valued at $50,000. XTX Topco Ltd bought a new stake in shares of WidePoint in the second quarter valued at $58,000. NewEdge Advisors LLC purchased a new position in shares of WidePoint during the 2nd quarter valued at $74,000. Finally, Ritholtz Wealth Management bought a new position in shares of WidePoint during the 4th quarter worth $79,000. Hedge funds and other institutional investors own 22.60% of the company’s stock.

WidePoint Company Profile

WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.

WidePoint’s core offerings include mobile device management, telecom expense management, and unified endpoint security.