Emerald Advisers Inc. PA boosted its stake in West Corp. (NASDAQ:WSTC) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,755 shares of the company’s stock after buying an additional 3,849 shares during the period. Emerald Advisers Inc. PA’s holdings in West Corp. were worth $860,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its position in West Corp. by 4.8% in the first quarter. TIAA CREF Investment Management LLC now owns 247,128 shares of the company’s stock valued at $5,639,000 after buying an additional 11,253 shares during the last quarter. Teachers Advisors Inc. raised its position in West Corp. by 28.6% in the first quarter. Teachers Advisors Inc. now owns 102,692 shares of the company’s stock valued at $2,343,000 after buying an additional 22,867 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in 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 valued at $28,901,000 after buying an additional 18,750 shares during the last quarter. JPMorgan Chase & Co. raised its position in West Corp. by 1.1% in the first quarter. JPMorgan Chase & Co. now owns 1,073,185 shares of the company’s stock valued at $24,490,000 after buying an additional 11,560 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new position in West Corp. during the first quarter valued at about $1,461,000. Hedge funds and other institutional investors own 55.09% of the company’s stock.
West Corp. (NASDAQ:WSTC) traded down 2.830% during mid-day trading on Tuesday, reaching $21.115. 91,955 shares of the company traded hands. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 9.422 and a beta of 1.50. West Corp. has a 12-month low of $17.26 and a 12-month high of $26.52. The company’s 50-day moving average is $22.47 and its 200-day moving average is $21.94.
West Corp. (NASDAQ:WSTC) last issued its earnings results on Monday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The business earned $582.40 million during the quarter, compared to analyst estimates of $576.84 million. West Corp. had a negative return on equity of 44.40% and a net margin of 8.24%. West Corp.’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Equities analysts predict that West Corp. will post $3.04 earnings per share for the current fiscal year.
WSTC has been the subject of several analyst reports. Zacks Investment Research lowered shares of West Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 7th. Deutsche Bank AG raised their price objective on shares of West Corp. from $23.00 to $26.00 and gave the stock a “buy” rating in a research report 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 company. The stock has a consensus rating of “Hold” and a consensus price target of $26.00.
In other West Corp. news, insider Scott Etzler sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was 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 $4,967,976. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rodney J. Kempkes sold 2,780 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $22.25, for a total value 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. 4.60% of the stock is owned by company insiders.
About West Corp.
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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