John Fitzgerald Sells 15,000 Shares of WidePoint (NYSEAMERICAN:WYY) Stock

WidePoint Corporation (NYSEAMERICAN:WYY) Director John Fitzgerald sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $15.63, for a total transaction of $234,450.00. Following the completion of the sale, the director owned 90,414 shares of the company’s stock, valued at $1,413,170.82. This trade represents a 14.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

WidePoint Trading Down 7.2%

NYSEAMERICAN:WYY traded down $1.09 during mid-day trading on Tuesday, hitting $14.15. 224,133 shares of the stock traded hands, compared to its average volume of 158,089. The stock has a market capitalization of $139.94 million, a price-to-earnings ratio of -70.75 and a beta of 1.71. WidePoint Corporation has a 52 week low of $2.80 and a 52 week high of $24.30. The firm’s 50 day moving average is $11.45 and its two-hundred day moving average is $7.57. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.32.

WidePoint (NYSEAMERICAN:WYY) last announced its quarterly earnings data on Thursday, May 14th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.13. WidePoint had a negative net margin of 1.24% and a negative return on equity of 16.24%. The business had revenue of $40.58 million during the quarter, compared to the consensus estimate of $37.87 million. On average, equities research analysts predict that WidePoint Corporation will post 0.04 earnings per share for the current year.

Institutional Trading of WidePoint

Several institutional investors and hedge funds have recently modified their holdings of the stock. Potomac Capital Management Inc. bought a new position in WidePoint in the fourth quarter worth approximately $1,051,000. Informed Momentum Co LLC bought a new stake in WidePoint during the 4th quarter valued at $527,000. NewEdge Advisors LLC lifted its holdings in shares of WidePoint by 194.5% in the 4th quarter. NewEdge Advisors LLC now owns 46,028 shares of the technology company’s stock worth $247,000 after buying an additional 30,397 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of WidePoint in the 4th quarter worth $152,000. Finally, Bridgeway Capital Management LLC grew its position in shares of WidePoint by 87.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 60,527 shares of the technology company’s stock worth $207,000 after buying an additional 28,269 shares in the last quarter. Institutional investors own 22.60% of the company’s stock.

Analysts Set New Price Targets

WYY has been the subject of a number of recent analyst reports. Zacks Research upgraded WidePoint from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. HC Wainwright reiterated a “buy” rating and issued a $9.00 target price on shares of WidePoint in a research note on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $8.67.

WidePoint Company Profile

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.