Insider Selling: West Corp CFO Sells 7,858 Shares of Stock (WSTC)
West Corp (NASDAQ:WSTC) CFO Paul M. Mendlik sold 7,858 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $27.99, for a total transaction of $219,945.42. Following the sale, the chief financial officer now directly owns 94,162 shares of the company’s stock, valued at approximately $2,635,594. The sale was disclosed in a filing with the SEC, which is available at this link.
West Corp (NASDAQ:WSTC) traded down 1.55% on Friday, hitting $27.8117. 131,628 shares of the company’s stock traded hands. West Corp has a 1-year low of $21.16 and a 1-year high of $31.54. The stock has a 50-day moving average of $26.84 and a 200-day moving average of $25.35. The company has a market cap of $2.337 billion and a price-to-earnings ratio of 12.69.
West Corp (NASDAQ:WSTC) last released its earnings data on Thursday, July 31st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.03. The company had revenue of $691.10 million for the quarter, compared to the consensus estimate of $681.88 million. During the same quarter last year, the company posted $0.71 earnings per share. West Corp’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that West Corp will post $2.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, August 7th.
A number of analysts have recently weighed in on WSTC shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of West Corp in a research note on Monday, August 4th. They now have a $31.00 price target on the stock, up previously from $27.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of West Corp in a research note on Monday, August 4th. They now have a $31.00 price target on the stock, up previously from $28.00. Finally, analysts at Evercore Partners raised their price target on shares of West Corp from $28.00 to $33.00 in a research note on Tuesday, July 1st. They now have an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $30.14.
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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