West Corporation (NASDAQ:WSTC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of West Corporation (NASDAQ:WSTC) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 301,577 shares of the technology company’s stock after selling 1,340 shares during the period. Principal Financial Group Inc. owned 0.36% of West Corporation worth $7,364,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WSTC. James Investment Research Inc. bought a new stake in shares of West Corporation during the first quarter worth $148,000. Karp Capital Management Corp bought a new stake in shares of West Corporation during the first quarter worth $212,000. Trexquant Investment LP bought a new stake in shares of West Corporation during the first quarter worth $253,000. Creative Planning increased its stake in shares of West Corporation by 1,056.9% in the first quarter. Creative Planning now owns 11,569 shares of the technology company’s stock worth $283,000 after buying an additional 10,569 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of West Corporation during the first quarter valued at $295,000. 68.92% of the stock is currently owned by institutional investors.

Shares of West Corporation (WSTC) traded up 0.04% on Friday, reaching $23.34. The company had a trading volume of 603,986 shares. The company’s 50-day moving average price is $23.29 and its 200 day moving average price is $23.95. West Corporation has a 52 week low of $19.64 and a 52 week high of $28.57. The firm has a market capitalization of $1.95 billion, a P/E ratio of 9.77 and a beta of 1.59.

West Corporation (NASDAQ:WSTC) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. West Corporation had a negative return on equity of 55.18% and a net margin of 9.39%. The company had revenue of $574.39 million during the quarter, compared to analysts’ expectations of $579.40 million. On average, analysts expect that West Corporation will post $2.91 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “West Corporation (NASDAQ:WSTC) Shares Sold by Principal Financial Group Inc.” was originally reported by BBNS and is owned by of BBNS. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/west-corporation-nasdaqwstc-shares-sold-by-principal-financial-group-inc-updated-updated-updated/1179894.html.

Several equities research analysts have weighed in on WSTC shares. William Blair downgraded West Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. Deutsche Bank AG downgraded West Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Robert W. Baird downgraded West Corporation from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $28.00 to $24.00 in a report on Wednesday, May 10th. Wells Fargo & Company reissued a “market perform” rating and issued a $23.50 price target on shares of West Corporation in a report on Wednesday, May 10th. Finally, BidaskClub downgraded West Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $24.88.

In other West Corporation news, insider Rodney J. Kempkes sold 3,382 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $23.27, for a total transaction of $78,699.14. Following the completion of the sale, the insider now directly owns 58,893 shares of the company’s stock, valued at approximately $1,370,440.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rodney J. Kempkes sold 1,160 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $23.15, for a total value of $26,854.00. Following the transaction, the insider now directly owns 62,275 shares of the company’s stock, valued at $1,441,666.25. The disclosure for this sale can be found here. Insiders have sold a total of 7,924 shares of company stock valued at $184,523 over the last ninety days. 4.60% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for West Corporation (NASDAQ:WSTC)

Receive News & Ratings for West Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Albert Pujols New Home Run Leader for Foreign-Born Players
Albert Pujols New Home Run Leader for Foreign-Born Players
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Blues Jays Ready to Take Flight
Blues Jays Ready to Take Flight
Umpires Ending Protest Over Incident With Ian Kinsler
Umpires Ending Protest Over Incident With Ian Kinsler
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer


Leave a Reply

 
© 2006-2017 BBNS.