West Corporation (NASDAQ:WSTC) Position Held by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. maintained its stake in shares of West Corporation (NASDAQ:WSTC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,347 shares of the technology company’s stock at the end of the first quarter. UBS Asset Management Americas Inc.’s holdings in West Corporation were worth $253,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in WSTC. Swiss National Bank raised its stake in West Corporation by 2.9% in the first quarter. Swiss National Bank now owns 74,930 shares of the technology company’s stock valued at $1,830,000 after buying an additional 2,100 shares during the last quarter. Bank of New York Mellon Corp raised 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 valued at $19,256,000 after buying an additional 42,590 shares during the last quarter. American Century Companies Inc. raised its stake in West Corporation by 22.2% in the first quarter. American Century Companies Inc. now owns 614,448 shares of the technology company’s stock valued at $15,005,000 after buying an additional 111,689 shares during the last quarter. Algert Global LLC raised its stake in West Corporation by 4.0% in the first quarter. Algert Global LLC now owns 36,322 shares of the technology company’s stock valued at $887,000 after buying an additional 1,403 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of West Corporation by 61.8% in the first quarter. First Trust Advisors LP now owns 109,674 shares of the technology company’s stock worth $2,678,000 after buying an additional 41,885 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Shares of West Corporation (NASDAQ:WSTC) opened at 23.34 on Friday. West Corporation has a 12-month low of $19.64 and a 12-month high of $28.57. The company has a market capitalization of $1.95 billion, a P/E ratio of 9.23 and a beta of 1.59. The company has a 50-day moving average price of $23.33 and a 200 day moving average price of $23.84.

West Corporation (NASDAQ:WSTC) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. The firm had revenue of $574.39 million for the quarter, compared to analyst estimates of $579.40 million. West Corporation had a negative return on equity of 59.08% and a net margin of 9.39%. On average, equities analysts anticipate that West Corporation will post $2.92 earnings per share for the current fiscal year.

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A number of equities analysts recently weighed in on WSTC shares. BidaskClub downgraded shares of West Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Wells Fargo & Company reissued a “market perform” rating and issued a $23.50 price target on shares of West Corporation 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 research report on Wednesday, May 10th. William Blair cut 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 cut shares of West Corporation from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $28.00 to $24.00 in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.88.

In other news, insider Rodney J. Kempkes sold 3,382 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $23.35, for a total value of $78,969.70. Following the transaction, the insider now owns 55,511 shares in the company, valued at $1,296,181.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rodney J. Kempkes sold 1,160 shares of West Corporation stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $23.15, for a total value of $26,854.00. Following the transaction, the insider now owns 62,275 shares in the company, valued at approximately $1,441,666.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,924 shares of company stock worth $184,523. 4.60% of the stock is owned by corporate insiders.

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.

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

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