BNP Paribas Arbitrage SA decreased its position in shares of West Corp. (NASDAQ:WSTC) by 20.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,108 shares of the company’s stock after selling 1,617 shares during the period. BNP Paribas Arbitrage SA’s holdings in West Corp. were worth $135,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of West Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 4,777,780 shares of the company’s stock worth $93,931,000 after buying an additional 230,043 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of West Corp. by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,266,455 shares of the company’s stock worth $28,901,000 after buying an additional 18,750 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of West Corp. by 16.0% in the second quarter. JPMorgan Chase & Co. now owns 1,244,659 shares of the company’s stock worth $24,470,000 after buying an additional 171,474 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of West Corp. by 16.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,148,052 shares of the company’s stock worth $22,570,000 after buying an additional 158,471 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of West Corp. by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 552,409 shares of the company’s stock worth $10,860,000 after buying an additional 12,670 shares in the last quarter. Hedge funds and other institutional investors own 55.09% of the company’s stock.
Shares of West Corp. (NASDAQ:WSTC) opened at 21.19 on Thursday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 9.46 and a beta of 1.50. The stock has a 50 day moving average of $22.35 and a 200-day moving average of $21.92. West Corp. has a 12 month low of $17.26 and a 12 month high of $26.52.
West Corp. (NASDAQ:WSTC) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The company earned $582.40 million during the quarter, compared to the consensus estimate of $576.84 million. West Corp. had a net margin of 8.24% and a negative return on equity of 44.40%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. On average, analysts forecast that West Corp. will post $3.04 EPS for the current year.
A number of research analysts have weighed in on WSTC shares. Zacks Investment Research lowered shares of West Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. Deutsche Bank AG lifted their price target on shares of West Corp. from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.00.
In related news, insider Scott Etzler sold 15,000 shares of West Corp. stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $24.00, for a total value of $360,000.00. Following the completion of the sale, the insider now owns 206,999 shares of the company’s stock, valued at approximately $4,967,976. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rodney J. Kempkes sold 2,780 shares of West Corp. stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $22.25, for a total transaction of $61,855.00. Following the completion of the sale, the insider now directly owns 73,592 shares of the company’s stock, valued at approximately $1,637,422. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.
West Corp. Company Profile
West Corporation (West) is a global provider of technology-enabled communication services. The Company offers a range of communication and network infrastructure solutions that helps to manage or support communications. The Company operates through four segments: Unified Communications Services, which includes collaboration services, Unified Communications as a Service (UCaaS) and telecom services; Safety Services, which includes 9-1-1 network services, 9-1-1 telephony systems and services, 9-1-1 solutions for enterprises and database management; Interactive Services, which includes notifications and mobility, interactive voice response (IVR) self-service, cloud contact center and professional services, and Specialized Agent Services, which includes healthcare advocacy services, cost management services and revenue generation.
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