West Corporation (NASDAQ:WSTC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, July 13th.
According to Zacks, “West Corporation offers communication services. The Company provides services which include conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony/interconnect services. It operates primarily in the United States, Canada, Europe, the Middle East, Asia Pacific, Latin America and South America. West Corporation is headquartered in Omaha, Nebraska. “
WSTC has been the topic of several other reports. Robert W. Baird cut shares of West Corporation from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $28.00 to $24.00 in a report on Wednesday, May 10th. William Blair cut shares of West Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. Deutsche Bank AG cut shares of West Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $23.50 price objective on shares of West Corporation in a report on Wednesday, May 10th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.88.
Shares of West Corporation (WSTC) remained flat at $23.34 on Thursday. 334,106 shares of the company were exchanged. The stock has a 50 day moving average price of $23.31 and a 200-day moving average price of $23.90. West Corporation has a 1-year low of $19.64 and a 1-year high of $28.57. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.23 and a beta of 1.59.
West Corporation (NASDAQ:WSTC) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts predict that West Corporation will post $2.92 earnings per share for the current fiscal year.
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In other news, insider Rodney J. Kempkes sold 1,160 shares of the firm’s 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 of the company’s stock, valued at $1,441,666.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Rodney J. Kempkes sold 3,382 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly 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. Insiders have sold 7,924 shares of company stock valued at $184,523 in the last ninety days. 4.60% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of WSTC. First Quadrant L P CA raised its stake in West Corporation by 71.3% in the first quarter. First Quadrant L P CA now owns 62,260 shares of the technology company’s stock valued at $1,520,000 after buying an additional 25,921 shares during the last quarter. Nationwide Fund Advisors raised 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 valued at $2,123,000 after buying an additional 37,340 shares during the last quarter. James Investment Research Inc. purchased a new stake in West Corporation during the first quarter valued at $148,000. Nisa Investment Advisors LLC raised 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 valued at $363,000 after buying an additional 8,060 shares during the last quarter. Finally, Creative Planning raised 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 valued at $283,000 after buying an additional 10,569 shares during the last quarter. 68.59% of the stock is owned by institutional investors.
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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