Strs Ohio Buys 1,000 Shares of West Corporation (WSTC)
Strs Ohio increased its stake in West Corporation (NASDAQ:WSTC) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,600 shares of the technology company’s stock after buying an additional 1,000 shares during the period. Strs Ohio’s holdings in West Corporation were worth $853,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC increased its position in shares of 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 position in shares of 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 position in shares of 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. acquired a new position in shares of West Corporation during the first quarter worth about $148,000. Finally, Nationwide Fund Advisors increased its position in shares of 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. 69.57% of the stock is currently owned by hedge funds and other institutional investors.
West Corporation (NASDAQ WSTC) opened at 23.35 on Friday. The firm has a market capitalization of $1.95 billion, a P/E ratio of 9.24 and a beta of 1.59. The stock has a 50 day moving average price of $23.33 and a 200-day moving average price of $23.85. West Corporation has a 52 week low of $19.64 and a 52 week high of $28.57.
West Corporation (NASDAQ:WSTC) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The company had revenue of $574.39 million for the quarter, compared to analysts’ expectations of $579.40 million. West Corporation had a negative return on equity of 59.08% and a net margin of 9.39%. Analysts anticipate that West Corporation will post $2.92 EPS for the current fiscal year.
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WSTC has been the topic of a number of recent analyst reports. BidaskClub downgraded West Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Wells Fargo & Company reissued a “market perform” rating and issued a $23.50 price objective on shares of West Corporation in a research note on Wednesday, May 10th. Deutsche Bank AG downgraded West Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. William Blair downgraded West Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 10th. Finally, Robert W. Baird downgraded West Corporation from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $28.00 to $24.00 in a research note on Wednesday, May 10th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. West Corporation currently has a consensus rating of “Hold” and a consensus price target of $24.88.
In related news, insider Rodney J. Kempkes sold 1,160 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $23.15, for a total value of $26,854.00. Following the sale, the insider now directly owns 62,275 shares of the company’s stock, valued at $1,441,666.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rodney J. Kempkes sold 3,382 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $23.35, for a total value of $78,969.70. Following the completion of the sale, the insider now directly owns 55,511 shares in the company, valued at $1,296,181.85. The disclosure for this sale can be found here. Insiders sold 7,924 shares of company stock worth $184,523 over the last three months. 4.60% of the stock is owned by insiders.
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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