WidePoint (NYSEAMERICAN:WYY) COO Todd Dzyak Sells 5,000 Shares of Stock

WidePoint Corporation (NYSEAMERICAN:WYY) COO Todd Dzyak sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.75, for a total transaction of $63,750.00. Following the completion of the sale, the chief operating officer owned 110,436 shares in the company, valued at $1,408,059. This represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Todd Dzyak also recently made the following trade(s):

• On Thursday, June 25th, Todd Dzyak sold 10,000 shares of WidePoint stock. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00.
• On Tuesday, June 23rd, Todd Dzyak sold 10,000 shares of WidePoint stock. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00.

WidePoint Stock Up 3.2%

Shares of NYSEAMERICAN WYY opened at $13.57 on Tuesday. The firm’s 50-day moving average is $12.20 and its two-hundred day moving average is $7.82. The company has a market capitalization of $134.21 million, a PE ratio of -67.85 and a beta of 1.71. WidePoint Corporation has a 12-month low of $2.80 and a 12-month 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.

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

Wall Street Analysts Forecast Growth

WYY has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price objective on shares of WidePoint in a research note on Monday, March 30th. Zacks Research upgraded shares of WidePoint from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $8.67.

Hedge Funds Weigh In On WidePoint

A number of hedge funds have recently made changes to their positions in WYY. Vanguard Group Inc. increased its holdings in shares of WidePoint by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 376,513 shares of the technology company’s stock worth $1,862,000 after buying an additional 8,850 shares during the last quarter. Potomac Capital Management Inc. acquired a new position in WidePoint in the fourth quarter valued at $1,051,000. Renaissance Technologies LLC grew its position in WidePoint by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company’s stock valued at $709,000 after acquiring an additional 3,898 shares during the period. Informed Momentum Co LLC purchased a new stake in WidePoint during the fourth quarter valued at about $527,000. Finally, Geode Capital Management LLC increased its stake in WidePoint by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 85,777 shares of the technology company’s stock worth $461,000 after acquiring an additional 3,675 shares during the last quarter. Institutional investors and hedge funds own 22.60% of the company’s stock.

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.