West Corporation (WSTC) Stake Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in West Corporation (NASDAQ:WSTC) by 96.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,093 shares of the technology company’s stock after selling 290,484 shares during the period. Principal Financial Group Inc.’s holdings in West Corporation were worth $259,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Karp Capital Management Corp acquired a new position in shares of West Corporation in the 1st quarter worth approximately $212,000. Bowling Portfolio Management LLC acquired a new position in West Corporation during the second quarter worth $213,000. BNP Paribas Arbitrage SA raised its holdings in West Corporation by 143.4% during the second quarter. BNP Paribas Arbitrage SA now owns 10,299 shares of the technology company’s stock worth $240,000 after buying an additional 6,068 shares during the last quarter. S. Muoio & CO. LLC acquired a new position in West Corporation during the second quarter worth $272,000. Finally, Fox Run Management L.L.C. acquired a new position in West Corporation during the second quarter worth $285,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of West Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub lowered shares of West Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $24.50.

In other West Corporation news, insider Rodney J. Kempkes sold 3,382 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $23.35, for a total value of $78,969.70. Following the transaction, the insider now owns 55,511 shares of the company’s stock, valued at approximately $1,296,181.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rodney J. Kempkes sold 3,385 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $23.36, for a total value of $79,073.60. Following the completion of the transaction, the insider now directly owns 52,126 shares in the company, valued at approximately $1,217,663.36. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.

Shares of West Corporation (NASDAQ WSTC) opened at 23.50 on Tuesday. West Corporation has a 52 week low of $19.64 and a 52 week high of $28.57. The stock has a market capitalization of $1.97 billion, a P/E ratio of 9.30 and a beta of 1.58. The company has a 50-day moving average of $23.42 and a 200-day moving average of $23.59.

West Corporation (NASDAQ:WSTC) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The business had revenue of $574.39 million for the quarter, compared to analysts’ expectations of $579.40 million. West Corporation had a negative return on equity of 59.08% and a net margin of 9.39%. On average, analysts anticipate that West Corporation will post $2.91 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://ledgergazette.com/2017/10/17/west-corporation-wstc-stake-lessened-by-principal-financial-group-inc.html.

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 u

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Karp Capital Management Corp acquired a new position in shares of West Corporation in the 1st quarter worth approximately $212,000. Bowling Portfolio Management LLC acquired a new position in West Corporation during the second quarter worth $213,000. BNP Paribas Arbitrage SA raised its holdings in West Corporation by 143.4% during the second quarter. BNP Paribas Arbitrage SA now owns 10,299 shares of the technology company’s stock worth $240,000 after buying an additional 6,068 shares during the last quarter. S. Muoio & CO. LLC acquired a new position in West Corporation during the second quarter worth $272,000. Finally, Fox Run Management L.L.C. acquired a new position in West Corporation during the second quarter worth $285,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of West Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub lowered shares of West Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $24.50.

In other West Corporation news, insider Rodney J. Kempkes sold 3,382 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $23.35, for a total value of $78,969.70. Following the transaction, the insider now owns 55,511 shares of the company’s stock, valued at approximately $1,296,181.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rodney J. Kempkes sold 3,385 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $23.36, for a total value of $79,073.60. Following the completion of the transaction, the insider now directly owns 52,126 shares in the company, valued at approximately $1,217,663.36. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.

Shares of West Corporation (NASDAQ WSTC) opened at 23.50 on Tuesday. West Corporation has a 52 week low of $19.64 and a 52 week high of $28.57. The stock has a market capitalization of $1.97 billion, a P/E ratio of 9.30 and a beta of 1.58. The company has a 50-day moving average of $23.42 and a 200-day moving average of $23.59.

West Corporation (NASDAQ:WSTC) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The business had revenue of $574.39 million for the quarter, compared to analysts’ expectations of $579.40 million. West Corporation had a negative return on equity of 59.08% and a net margin of 9.39%. On average, analysts anticipate that West Corporation will post $2.91 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://ledgergazette.com/2017/10/17/west-corporation-wstc-stake-lessened-by-principal-financial-group-inc.html.

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.

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

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