West Corp major shareholder Mary E. West Buys 113,247 Shares (WSTC)
West Corp (NASDAQ:WSTC) major shareholder Mary E. West acquired 113,247 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average price of $21.97 per share, with a total value of $2,488,036.59. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
WSTC has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.67.
West Corp (NASDAQ:WSTC) traded down 0.49% during mid-day trading on Wednesday, hitting $22.57. 419,055 shares of the company’s stock traded hands. West Corp has a one year low of $18.38 and a one year 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 earnings per share for the quarter, beating the analysts’ 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. Shareholders 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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