Wells Fargo & Company MN Has $3.30 Million Stake in West Corp (WSTC)

Wells Fargo & Company MN decreased its position in West Corp (NASDAQ:WSTC) by 12.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,510 shares of the technology company’s stock after selling 20,404 shares during the quarter. Wells Fargo & Company MN owned approximately 0.17% of West Corp worth $3,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Engineers Gate Manager LP purchased a new stake in West Corp in the second quarter worth about $1,501,000. JPMorgan Chase & Co. grew its position in shares of West Corp by 37.0% during the second quarter. JPMorgan Chase & Co. now owns 2,240,742 shares of the technology company’s stock worth $52,254,000 after purchasing an additional 605,700 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in shares of West Corp during the second quarter worth about $1,143,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of West Corp during the second quarter worth about $1,957,000. Finally, Victory Capital Management Inc. grew its position in shares of West Corp by 8.1% during the second quarter. Victory Capital Management Inc. now owns 24,570 shares of the technology company’s stock worth $573,000 after purchasing an additional 1,835 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Several research firms have weighed in on WSTC. BidaskClub lowered West Corp from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered West Corp from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.50.

In related news, insider Rodney J. Kempkes sold 3,385 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $23.36, for a total value of $79,073.60. Following the completion of the sale, the insider now owns 52,126 shares in the company, valued at approximately $1,217,663.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.60% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/10/28/west-corp-wstc-position-trimmed-by-wells-fargo-company-mn.html.

Shares of West Corp (WSTC) opened at 23.50 on Friday. The stock has a market cap of $1.97 billion, a P/E ratio of 9.30 and a beta of 1.58. West Corp has a 1-year low of $19.64 and a 1-year high of $28.57. The firm’s 50-day moving average price is $23.42 and its 200 day moving average price is $23.59.

West Corp (NASDAQ:WSTC) last released its earnings results on Thursday, August 3rd. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. The business had revenue of $574.39 million for the quarter, compared to analyst estimates of $579.40 million. On average, equities analysts expect that West Corp will post $2.91 earnings per share for the current fiscal year.

West Corp 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.

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

Receive News & Ratings for West Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply