West Corporation (NASDAQ:WSTC) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 1,028,638 shares, a decrease of 26.6% from the July 31st total of 1,401,668 shares. Based on an average daily volume of 372,135 shares, the short-interest ratio is presently 2.8 days. Currently, 2.3% of the company’s stock are short sold.

Shares of West Corporation (WSTC) opened at 23.37 on Friday. The company has a market cap of $1.96 billion, a P/E ratio of 9.24 and a beta of 1.59. West Corporation has a 1-year low of $19.64 and a 1-year high of $28.57. The stock’s 50 day moving average price is $23.34 and its 200 day moving average price is $23.81.

West Corporation (NASDAQ:WSTC) last released its earnings results on Thursday, August 3rd. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $574.39 million for the quarter, compared to the consensus estimate of $579.40 million. West Corporation had a negative return on equity of 59.08% and a net margin of 9.39%. Equities research analysts forecast that West Corporation will post $2.92 earnings per share for the current year.

In other West Corporation news, insider Rodney J. Kempkes sold 3,385 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $23.36, for a total value of $79,073.60. Following the transaction, the insider now directly owns 52,126 shares of the company’s stock, valued at approximately $1,217,663.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rodney J. Kempkes sold 3,382 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $23.27, for a total value of $78,699.14. Following the completion of the transaction, the insider now directly owns 58,893 shares in the company, valued at $1,370,440.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,149 shares of company stock worth $236,742. Insiders own 4.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in WSTC. Teachers Advisors LLC increased its stake in West Corporation by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 73,148 shares of the technology company’s stock worth $1,811,000 after buying an additional 2,983 shares in the last quarter. Creative Planning increased its stake in West Corporation by 1,056.9% in the first quarter. Creative Planning now owns 11,569 shares of the technology company’s stock worth $283,000 after buying an additional 10,569 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in West Corporation by 118.5% in the first quarter. Nisa Investment Advisors LLC now owns 14,860 shares of the technology company’s stock worth $363,000 after buying an additional 8,060 shares in the last quarter. James Investment Research Inc. bought a new stake in West Corporation during the first quarter worth about $148,000. Finally, Nationwide Fund Advisors increased its stake in West Corporation by 75.3% in the first quarter. Nationwide Fund Advisors now owns 86,922 shares of the technology company’s stock worth $2,123,000 after buying an additional 37,340 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on WSTC shares. Zacks Investment Research upgraded West Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, May 19th. BidaskClub downgraded West Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Robert W. Baird downgraded West Corporation from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $28.00 to $24.00 in a research note 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 research note on Wednesday, May 10th. Finally, Deutsche Bank AG downgraded West Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. West Corporation has a consensus rating of “Hold” and a consensus target price of $24.88.

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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.

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