Wayside Technology Group, Inc. (WSTG) Posts Quarterly Earnings Results

Wayside Technology Group, Inc. (NASDAQ:WSTG) announced its quarterly earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $106.65 million during the quarter. Wayside Technology Group had a net margin of 1.36% and a return on equity of 15.87%.

Shares of Wayside Technology Group (WSTG) traded down 1.5716% during midday trading on Friday, reaching $13.8784. 4,223 shares of the company’s stock traded hands. Wayside Technology Group has a 12 month low of $13.05 and a 12 month high of $21.75. The stock has a market cap of $59.48 million, a P/E ratio of 10.2575 and a beta of 0.30. The stock has a 50 day moving average of $13.75 and a 200-day moving average of $17.31.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 10th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.68 annualized dividend and a yield of 4.90%. Wayside Technology Group’s dividend payout ratio (DPR) is presently 50.00%.

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An institutional investor recently raised its position in Wayside Technology Group stock. Northern Trust Corp grew its holdings in shares of Wayside Technology Group, Inc. (NASDAQ:WSTG) by 8.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,804 shares of the company’s stock after buying an additional 2,662 shares during the quarter. Northern Trust Corp owned 0.77% of Wayside Technology Group worth $634,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 41.76% of the company’s stock.

Wayside Technology Group Company Profile

Wayside Technology Group, Inc is an information technology (IT) channel company. The Company distributes software and hardware developed by others through resellers indirectly to customers across the world. The Company operates through two segments: Lifeboat Distribution and TechXtend. The Lifeboat Distribution segment distributes technical software and hardware to corporate resellers, value added resellers (VARs), consultants and systems integrators across the world.

Earnings History for Wayside Technology Group (NASDAQ:WSTG)

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