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

WidePoint Corporation (NYSEAMERICAN:WYY) Director John Fitzgerald sold 15,000 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $15.63, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

WidePoint Trading Down 10.1%

NYSEAMERICAN:WYY opened at $12.72 on Thursday. WidePoint Corporation has a fifty-two week low of $2.80 and a fifty-two week high of $24.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $125.80 million, a PE ratio of -63.60 and a beta of 1.71. The business’s 50-day simple moving average is $11.78 and its 200-day simple moving average is $7.67.

WidePoint (NYSEAMERICAN:WYY) last posted its earnings results on Thursday, May 14th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.13. The business had revenue of $40.58 million during the quarter, compared to analysts’ expectations of $37.87 million. WidePoint had a negative return on equity of 16.24% and a negative net margin of 1.24%. Sell-side analysts expect that WidePoint Corporation will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WidePoint

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WYY. State Street Corp boosted its stake in shares of WidePoint by 9.7% during the 4th quarter. State Street Corp now owns 27,153 shares of the technology company’s stock worth $146,000 after buying an additional 2,400 shares during the last quarter. Geode Capital Management LLC increased its position in shares of WidePoint by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 85,777 shares of the technology company’s stock valued at $461,000 after acquiring an additional 3,675 shares during the last quarter. Renaissance Technologies LLC raised its holdings in WidePoint by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company’s stock worth $709,000 after acquiring an additional 3,898 shares in the last quarter. Royal Bank of Canada raised its holdings 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 worth $25,000 after acquiring an additional 4,974 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in WidePoint by 2.4% during the third quarter. Vanguard Group Inc. now owns 376,513 shares of the technology company’s stock valued at $1,862,000 after purchasing an additional 8,850 shares during the last quarter. 22.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WYY. HC Wainwright restated a “buy” rating and set a $9.00 price objective on shares of WidePoint in a report on Monday, March 30th. Zacks Research raised shares of WidePoint from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, WidePoint has a consensus rating of “Buy” and a consensus price target of $8.67.

About WidePoint

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.