WidePoint Co. (NYSEMKT:WYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “WidePoint is a technology-based provider of products and services to the government sector and commercial markets. WidePoint specializes in providing systems engineering, integration and information technology services. WidePoint’s wholly owned subsidiary, ORC, is at the forefront of implementing government-compliant eAuthentication identity management managed services and associated systems engineering/integration. ORC has earned four major U.S. federal government certifications offering the highest levels of assurance for transactions over the Internet. WidePoint’s profile of customers encompasses U.S. Federal Government agencies, including the Department of Defense, the Department of Homeland Security and the Department of Justice as well as major U.S. defense contractors and several major pharmaceutical companies. “

Several other research analysts have also issued reports on the stock. ValuEngine lowered shares of WidePoint from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. B. Riley reissued a “buy” rating and set a $1.00 target price on shares of WidePoint in a research note on Monday, August 21st.

WidePoint (NYSEMKT:WYY) last issued its earnings results on Monday, August 14th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $18.88 million for the quarter, compared to the consensus estimate of $18.60 million. WidePoint had a negative return on equity of 19.55% and a negative net margin of 6.89%. During the same period in the prior year, the company earned ($0.01) earnings per share.

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In other WidePoint news, Director Steve L. Komar acquired 50,000 shares of the stock in a transaction on Monday, August 28th. The shares were purchased at an average price of $0.54 per share, for a total transaction of $27,000.00. Following the completion of the acquisition, the director now owns 1,303,887 shares in the company, valued at approximately $704,098.98. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

An institutional investor recently raised its position in WidePoint stock. Intellectus Partners LLC grew its position in WidePoint Co. (NYSEMKT:WYY) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,855 shares of the technology company’s stock after purchasing an additional 5,000 shares during the period. Intellectus Partners LLC owned about 0.29% of WidePoint worth $109,000 at the end of the most recent reporting period.

WidePoint Company Profile

WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.

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