Insiders Don’t Lie: Reasons for Rodney Kempkes’s Shares Sale of West Corp (NASDAQ:WSTC)’s Stock

November 29, 2016 - By Marguerite Chambers

Insiders Don't Lie: Reasons for Rodney Kempkes's Shares Sale of West Corp (NASDAQ:WSTC)'s Stock

Rodney Kempkes Insider Sell

As reported in a document that was submitted to the U.S. Security & Exchange Commission on November 29, 2016, Rodney Kempkes an insider in West Corp and currently Chief Administrative Officer, made a sale of shares worth $69,500 USD in the Pinksheet-listed West Corp. He sold 2,780 shares, at average $25.0 per share. In the last month, he also unloaded 2,780 shares worth $61,160 USD. And, It’s sure Rodney’s deal isn’t going to stay a secret as he right now is owning 68,032 shares – ( 0.08% of West Corp’s Market Cap ).

West Corp (NASDAQ:WSTC) Ratings Coverage

Out of 4 analysts covering West Corp (NASDAQ:WSTC), 1 rate it a “Buy”, 3 “Sell”, while 0 “Hold”. This means 25% are positive. $30 is the highest target while $21 is the lowest. The $24.67 average target is -0.48% below today’s ($24.79) stock price. West Corp has been the topic of 7 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The stock of West Corp (NASDAQ:WSTC) earned “Hold” rating by Zacks on Saturday, August 8. The rating was downgraded by Barclays Capital to “Underweight” on Wednesday, March 16. Morgan Stanley downgraded the shares of WSTC in a report on Thursday, April 7 to “Underperform” rating. As per Tuesday, August 11, the company rating was downgraded by Zacks. As per Tuesday, December 15, the company rating was downgraded by Goldman Sachs.

Insitutional Activity: The institutional sentiment decreased to 1.36 in Q2 2016. Its down 0.13, from 1.49 in 2016Q1. The ratio dived, as 6 funds sold all West Corp shares owned while 43 reduced positions. 20 funds bought stakes while 53 increased positions. They now own 45.25 million shares or 2.34% less from 46.33 million shares in 2016Q1.

Cantab Cap Partners Llp owns 21,718 shares or 0% of their US portfolio. Parametric Limited Liability Company, a Washington-based fund reported 136,213 shares. Menta Ltd Liability holds 35,049 shares or 0.09% of its portfolio. Schwab Charles Mgmt owns 274,723 shares or 0.01% of their US portfolio. Teacher Retirement Of Texas last reported 6,403 shares in the company. Kennedy Cap Mgmt Inc, a Missouri-based fund reported 263,351 shares. Morgan Stanley holds 0% or 251,840 shares in its portfolio. Gotham Asset Mngmt Limited Liability Corporation last reported 0.01% of its portfolio in the stock. Principal Financial Grp Incorporated holds 378,434 shares or 0.01% of its portfolio. Allianz Asset Mgmt Ag holds 0.03% of its portfolio in West Corp (NASDAQ:WSTC) for 2.52 million shares. Moreover, Ubs Asset Mgmt Americas Incorporated has 0% invested in West Corp (NASDAQ:WSTC) for 30,515 shares. Blackrock Advsrs Limited Liability has invested 0% of its portfolio in West Corp (NASDAQ:WSTC). Camarda Fincl Limited Liability Company last reported 0.71% of its portfolio in the stock. Piedmont Inv Advisors Limited Liability Corp last reported 114 shares in the company. Moreover, Manufacturers Life Insur The has 0% invested in West Corp (NASDAQ:WSTC) for 30,415 shares.

Insider Transactions: Since July 30, 2016, the stock had 5 insider buys, and 5 selling transactions for $7.83 million net activity. $187,500 worth of West Corp (NASDAQ:WSTC) was sold by ETZLER SCOTT. WEST GARY L bought $3.39M worth of stock or 157,682 shares. 1,622 shares were bought by WEST MARY E, worth $35,342 on Wednesday, November 9. 2,780 shares were sold by Kempkes Rodney J., worth $61,160.

About 319,035 shares traded hands or 59.29% up from the average. West Corp (NASDAQ:WSTC) has risen 12.33% since April 26, 2016 and is uptrending. It has outperformed by 7.07% the S&P500.

West Corporation is a global well-known provider of technology-enabled communication services. The company has a market cap of $2.03 billion. The Firm offers a range of communication and network infrastructure solutions that helps to manage or support communications. It has a 12.52 P/E ratio. The Firm operates through four divisions: 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.

According to Zacks Investment Research, “West Corporation offers communication services. The Company provides services which include conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony/interconnect services. It operates primarily in the United States, Canada, Europe, the Middle East, Asia Pacific, Latin America and South America. West Corporation is headquartered in Omaha, Nebraska.”

Analysts await West Corp (NASDAQ:WSTC) to report earnings on February, 6. They expect $0.65 earnings per share, down 7.14% or $0.05 from last year’s $0.7 per share. WSTC’s profit will be $53.23 million for 9.53 P/E if the $0.65 EPS becomes a reality. After $0.71 actual earnings per share reported by West Corp for the previous quarter, Wall Street now forecasts -8.45% negative EPS growth.

More notable recent West Corp (NASDAQ:WSTC) news were published by: Omaha.com which released: “‘Strategic alternatives’? Use of the jargon by Omaha’s West Corp. could signal ..” on November 13, 2016, also Omaha.com with their article: “Will West Corp. follow ConAgra and Cabela’s out? Omaha-based company undergoes ..” published on November 02, 2016, Streetinsider.com published: “Form 4 WEST CORP For: Nov 23 Filed by: Mussman David C.” on November 28, 2016. More interesting news about West Corp (NASDAQ:WSTC) were released by: Streetinsider.com and their article: “West Corp. (WSTC) Reports In-Line Q3 EPS” published on November 02, 2016 as well as Reuters.com‘s news article titled: “BRIEF-West Corp Q3 EPS from continuing operations $0.56” with publication date: November 02, 2016.

WSTC Company Profile

West Corporation (West), incorporated on February 22, 1994, is a global well-known provider of technology-enabled communication services. The Firm offers a range of communication and network infrastructure solutions that helps to manage or support communications. The Firm operates through four divisions: 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. The Company’s clients include Fortune 1000 companies, along with small and medium enterprises in a range of industries, including telecommunications, retail, financial services, public safety, education, technology and healthcare. The Firm has sales and/or activities in the United States, Canada, Europe, the Middle East, Asia-Pacific, Latin America and South America.

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