WidePoint (NYSEAMERICAN:WYY) COO Todd Dzyak Sells 10,000 Shares of Stock

WidePoint Corporation (NYSEAMERICAN:WYY) COO Todd Dzyak sold 10,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the completion of the transaction, the chief operating officer directly owned 135,436 shares of the company’s stock, valued at approximately $2,031,540. The trade was a 6.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

WidePoint Trading Up 11.4%

WYY opened at $15.27 on Wednesday. The firm has a market cap of $151.02 million, a P/E ratio of -76.35 and a beta of 1.81. WidePoint Corporation has a 12 month low of $2.80 and a 12 month high of $15.60. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $9.31 and a 200 day moving average of $6.90.

WidePoint (NYSEAMERICAN:WYY) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.13. The business had revenue of $40.58 million for the quarter, compared to the consensus estimate of $37.87 million. WidePoint had a negative return on equity of 16.24% and a negative net margin of 1.24%. As a group, research analysts forecast that WidePoint Corporation will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. HC Wainwright restated a “buy” rating and set a $9.00 price target on shares of WidePoint in a report on Monday, March 30th. Zacks Research raised shares of WidePoint from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.67.

Institutional Investors Weigh In On WidePoint

Several hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in WidePoint during the 2nd quarter valued at $58,000. NewEdge Advisors LLC purchased a new stake in WidePoint in the second quarter worth $74,000. Jane Street Group LLC purchased a new stake in WidePoint in the second quarter worth $87,000. Bridgeway Capital Management LLC lifted its position in shares of WidePoint by 87.6% during the second quarter. Bridgeway Capital Management LLC now owns 60,527 shares of the technology company’s stock worth $207,000 after purchasing an additional 28,269 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of WidePoint by 2.4% during the third quarter. Vanguard Group Inc. now owns 376,513 shares of the technology company’s stock worth $1,862,000 after purchasing an additional 8,850 shares during the last quarter. 22.60% of the stock is currently owned by hedge funds and other institutional investors.

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.