Foundry Partners LLC increased its position in West Corporation (NASDAQ:WSTC) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 168,397 shares of the technology company’s stock after buying an additional 12,712 shares during the period. Foundry Partners LLC’s holdings in West Corporation were worth $3,927,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WSTC. Vanguard Group Inc. increased its stake in West Corporation by 10.6% in the first quarter. Vanguard Group Inc. now owns 5,671,163 shares of the technology company’s stock worth $138,489,000 after buying an additional 544,296 shares during the period. JPMorgan Chase & Co. increased its stake in West Corporation by 15.3% in the first quarter. JPMorgan Chase & Co. now owns 1,635,042 shares of the technology company’s stock worth $39,928,000 after buying an additional 216,380 shares during the period. Dimensional Fund Advisors LP increased its stake in West Corporation by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,357,133 shares of the technology company’s stock worth $33,141,000 after buying an additional 50,322 shares during the period. State Street Corp increased its stake in West Corporation by 1.0% in the first quarter. State Street Corp now owns 800,871 shares of the technology company’s stock worth $19,560,000 after buying an additional 7,740 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in West Corporation by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 788,518 shares of the technology company’s stock worth $19,256,000 after buying an additional 42,590 shares during the period. Institutional investors own 69.57% of the company’s stock.

Shares of West Corporation (NASDAQ:WSTC) opened at 23.39 on Tuesday. West Corporation has a 52-week low of $19.64 and a 52-week high of $28.57. The firm’s 50 day moving average is $23.32 and its 200-day moving average is $23.87. The company has a market capitalization of $1.96 billion, a P/E ratio of 9.25 and a beta of 1.59.

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. West Corporation had a net margin of 9.39% and a negative return on equity of 59.08%. The company had revenue of $574.39 million for the quarter, compared to the consensus estimate of $579.40 million. Equities research analysts anticipate that West Corporation will post $2.92 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/west-corporation-nasdaqwstc-stake-boosted-by-foundry-partners-llc/1489435.html.

WSTC has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of West Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Wells Fargo & Company restated a “market perform” rating and set a $23.50 price target on shares of West Corporation in a research report on Wednesday, May 10th. Deutsche Bank AG downgraded shares of West Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. William Blair downgraded shares of West Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 10th. Finally, Robert W. Baird downgraded shares of West Corporation from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $24.00 in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.88.

In related news, insider Rodney J. Kempkes sold 3,382 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $23.35, for a total value of $78,969.70. Following the sale, the insider now directly owns 55,511 shares in the company, valued at approximately $1,296,181.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rodney J. Kempkes sold 1,160 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $23.15, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,924 shares of company stock worth $184,523. Corporate insiders own 4.60% 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.

Want to see what other hedge funds are holding WSTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Corporation (NASDAQ:WSTC).

Institutional Ownership by Quarter for West Corporation (NASDAQ:WSTC)

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.