Nisa Investment Advisors LLC Has $160,000 Stake in West Corporation (WSTC)
Nisa Investment Advisors LLC lowered its stake in West Corporation (NASDAQ:WSTC) by 53.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,860 shares of the technology company’s stock after selling 8,000 shares during the period. Nisa Investment Advisors LLC’s holdings in West Corporation were worth $160,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Camarda Financial Advisors LLC boosted its position in West Corporation by 0.8% in the second quarter. Camarda Financial Advisors LLC now owns 66,061 shares of the technology company’s stock valued at $1,541,000 after buying an additional 556 shares during the period. Fox Run Management L.L.C. purchased a new position in West Corporation during the second quarter valued at approximately $285,000. Goldman Sachs Group Inc. boosted its position in West Corporation by 385.8% in the first quarter. Goldman Sachs Group Inc. now owns 167,057 shares of the technology company’s stock valued at $4,079,000 after buying an additional 132,669 shares during the period. Credit Suisse AG boosted its position in West Corporation by 15.3% in the first quarter. Credit Suisse AG now owns 168,868 shares of the technology company’s stock valued at $4,124,000 after buying an additional 22,470 shares during the period. Finally, AQR Capital Management LLC boosted its position in West Corporation by 16.8% in the first quarter. AQR Capital Management LLC now owns 77,122 shares of the technology company’s stock valued at $1,883,000 after buying an additional 11,117 shares during the period. Institutional investors own 69.57% of the company’s stock.
Shares of West Corporation (NASDAQ WSTC) traded up 0.04% on Wednesday, hitting $23.36. 95,131 shares of the stock traded hands. The firm’s 50-day moving average is $23.32 and its 200 day moving average is $23.86. The firm has a market cap of $1.95 billion, a P/E ratio of 9.24 and a beta of 1.59. West Corporation has a 12-month low of $19.64 and a 12-month high of $28.57.
West Corporation (NASDAQ:WSTC) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $574.39 million during the quarter, compared to analyst estimates of $579.40 million. West Corporation had a net margin of 9.39% and a negative return on equity of 59.08%. Equities research analysts forecast that West Corporation will post $2.92 EPS for the current fiscal year.
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Several research analysts have commented on the stock. BidaskClub cut shares of West Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Zacks Investment Research cut shares of West Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. William Blair cut shares of West Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. Wells Fargo & Company reiterated a “market perform” rating and set a $23.50 price target on shares of West Corporation in a report on Wednesday, May 10th. Finally, Deutsche Bank AG cut shares of West Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.88.
In related news, insider Rodney J. Kempkes sold 1,160 shares of West Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $23.15, for a total value of $26,854.00. Following the completion of the sale, the insider now owns 62,275 shares in the company, valued at $1,441,666.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rodney J. Kempkes sold 3,382 shares of West Corporation stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $23.27, for a total transaction of $78,699.14. Following the completion of the sale, the insider now owns 58,893 shares of the company’s stock, valued at approximately $1,370,440.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,924 shares of company stock valued at $184,523. Insiders own 4.60% of the company’s stock.
West Corporation Company Profile
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.
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