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

WidePoint Corporation (NYSEAMERICAN:WYY) COO Todd Dzyak sold 5,000 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $12.75, for a total value of $63,750.00. Following the sale, the chief operating officer directly owned 110,436 shares of the company’s stock, valued at approximately $1,408,059. This represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $24.00, for a total value of $240,000.00.
• On Tuesday, June 23rd, Todd Dzyak sold 10,000 shares of WidePoint stock. The stock was sold at an average price of $15.00, for a total value of $150,000.00.

WidePoint Trading Up 3.2%

NYSEAMERICAN WYY traded up $0.42 on Monday, hitting $13.57. 340,194 shares of the company were exchanged, compared to its average volume of 163,079. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 1.04. WidePoint Corporation has a twelve month low of $2.80 and a twelve month high of $24.30. The firm has a market capitalization of $134.21 million, a P/E ratio of -67.85 and a beta of 1.71. The company’s 50 day moving average price is $12.06 and its 200-day moving average price is $7.77.

WidePoint (NYSEAMERICAN:WYY) last announced 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 company 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%. Analysts predict that WidePoint Corporation will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research raised shares of WidePoint from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. HC Wainwright reissued a “buy” rating and set 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 given a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $8.67.

Hedge Funds Weigh In On WidePoint

A number of large investors have recently made changes to their positions in the business. State Street Corp lifted its position in shares of WidePoint by 9.7% in the fourth quarter. State Street Corp now owns 27,153 shares of the technology company’s stock worth $146,000 after purchasing an additional 2,400 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of WidePoint by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 85,777 shares of the technology company’s stock worth $461,000 after purchasing an additional 3,675 shares during the period. Renaissance Technologies LLC grew its position in WidePoint by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company’s stock valued at $709,000 after purchasing an additional 3,898 shares in the last quarter. Royal Bank of Canada grew its position in WidePoint by 19,130.8% during the first quarter. Royal Bank of Canada now owns 5,000 shares of the technology company’s stock valued at $25,000 after purchasing an additional 4,974 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in WidePoint by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 376,513 shares of the technology company’s stock valued at $1,862,000 after buying an additional 8,850 shares during the period. Institutional investors and hedge funds own 22.60% of the company’s stock.

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.