Todd Dzyak Sells 5,000 Shares of WidePoint (NYSEAMERICAN:WYY) Stock

WidePoint Corporation (NYSEAMERICAN:WYY) COO Todd Dzyak sold 5,000 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $12.75, for a total value of $63,750.00. Following the completion of the sale, the chief operating officer directly owned 110,436 shares of the company’s stock, valued at $1,408,059. The trade was a 4.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Todd Dzyak also recently made the following trade(s):

• On Thursday, June 25th, Todd Dzyak sold 10,000 shares of WidePoint stock. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00.
• On Tuesday, June 23rd, Todd Dzyak sold 10,000 shares of WidePoint stock. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00.

WidePoint Stock Down 4.6%

Shares of NYSEAMERICAN WYY opened at $12.94 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.32. WidePoint Corporation has a 12 month low of $2.80 and a 12 month high of $24.30. The firm has a market capitalization of $127.98 million, a PE ratio of -64.70 and a beta of 1.71. The firm has a fifty day simple moving average of $12.27 and a two-hundred day simple moving average of $7.87.

WidePoint (NYSEAMERICAN:WYY) last posted its earnings results on Thursday, May 14th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.13. The firm had revenue of $40.58 million during the quarter, compared to analysts’ expectations of $37.87 million. WidePoint had a negative net margin of 1.24% and a negative return on equity of 16.24%. Equities analysts expect that WidePoint Corporation will post 0.04 earnings per share for the current year.

Institutional Trading of WidePoint

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of WidePoint by 19,130.8% in the 1st quarter. Royal Bank of Canada now owns 5,000 shares of the technology company’s stock worth $25,000 after acquiring an additional 4,974 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in WidePoint in the first quarter worth about $50,000. XTX Topco Ltd purchased a new stake in WidePoint in the second quarter worth about $58,000. NewEdge Advisors LLC bought a new position in shares of WidePoint during the second quarter valued at approximately $74,000. Finally, Ritholtz Wealth Management bought a new position in shares of WidePoint during the fourth quarter valued at approximately $79,000. Institutional investors own 22.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Zacks Research raised WidePoint from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. HC Wainwright reissued a “buy” rating and issued a $9.00 target price on shares of WidePoint in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $8.67.

About WidePoint

WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.

WidePoint’s core offerings include mobile device management, telecom expense management, and unified endpoint security.