Insider Selling: Rodney J. Kempkes Unloads 2,083 Shares of West Corp Stock (WSTC)
West Corp (NASDAQ:WSTC) Insider Rodney J. Kempkes sold 2,083 shares of the stock on the open market in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $22.62, for a total value of $47,117.46. Following the sale, the insider now directly owns 24,173 shares of the company’s stock, valued at approximately $546,793. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on WSTC. Analysts at Zacks downgraded shares of West Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a $21.20 price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of West Corp in a research note to investors on Monday. They now have a $29.00 price target on the stock, up previously from $28.00. Finally, analysts at Barclays downgraded shares of West Corp from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, January 29th. They now have a $27.00 price target on the stock, up previously from $26.00. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. West Corp has an average rating of “Buy” and a consensus price target of $26.67.
West Corp (NASDAQ:WSTC) traded down 0.49% during mid-day trading on Wednesday, hitting $22.57. The stock had a trading volume of 419,055 shares. West Corp has a 52 week low of $18.38 and a 52 week high of $26.39. The stock’s 50-day moving average is $25.20 and its 200-day moving average is $23.4. The company has a market cap of $1.887 billion and a P/E ratio of 16.48.
West Corp (NASDAQ:WSTC) last released its earnings data on Friday, January 31st. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.03. The company had revenue of $687.00 million for the quarter, compared to the consensus estimate of $670.00 million. Analysts expect that West Corp will post $2.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 20th. Investors of record on Monday, February 10th will be given a dividend of 0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, February 6th.
West Corporation is a provider of technology-driven, communication services. The Company offers a broad portfolio of services, including conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony / interconnect services.
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