West Corporation (NASDAQ:WSTC) insider Rodney J. Kempkes sold 3,382 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $23.35, for a total value of $78,969.70. Following the sale, the insider now owns 55,511 shares in the company, valued at approximately $1,296,181.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of West Corporation (WSTC) traded down 0.04% during mid-day trading on Friday, hitting $23.35. The stock had a trading volume of 197,303 shares. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 9.77 and a beta of 1.59. West Corporation has a one year low of $19.64 and a one year high of $28.57. The firm has a 50 day moving average of $23.28 and a 200 day moving average of $24.00.
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Several brokerages have issued reports on WSTC. Deutsche Bank AG cut West Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Robert W. Baird cut West Corporation from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $24.00 in a research report on Wednesday, May 10th. Wells Fargo & Company reiterated a “market perform” rating and set a $23.50 price target on shares of West Corporation in a research report on Wednesday, May 10th. Zacks Investment Research upgraded West Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Finally, BidaskClub cut West Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $25.10.
A number of hedge funds and other institutional investors have recently made changes to their positions in WSTC. Norges Bank acquired a new position in shares of West Corporation during the fourth quarter worth approximately $29,931,000. Vanguard Group Inc. boosted its position in shares of West Corporation by 10.6% in the first quarter. Vanguard Group Inc. now owns 5,671,163 shares of the technology company’s stock worth $138,489,000 after buying an additional 544,296 shares in the last quarter. Cowen Group Inc. acquired a new position in shares of West Corporation during the first quarter worth approximately $8,783,000. JPMorgan Chase & Co. boosted its position in shares of West Corporation by 15.3% in the first quarter. JPMorgan Chase & Co. now owns 1,635,042 shares of the technology company’s stock worth $39,928,000 after buying an additional 216,380 shares in the last quarter. Finally, Mizuho Securities USA LLC acquired a new position in shares of West Corporation during the second quarter worth approximately $4,664,000. Hedge funds and other institutional investors own 69.66% of the company’s stock.
About West Corporation
West Corporation is a provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services.
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