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

WidePoint Corporation (NYSEAMERICAN:WYY) COO Todd Dzyak sold 10,000 shares of WidePoint stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00. Following the sale, the chief operating officer owned 135,436 shares in the company, valued at approximately $2,031,540. This represents a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WidePoint Trading Up 11.4%

NYSEAMERICAN WYY traded up $1.56 on Tuesday, hitting $15.27. The company’s stock had a trading volume of 375,009 shares, compared to its average volume of 84,400. The company’s 50-day moving average is $9.10 and its 200 day moving average is $6.84. The firm has a market cap of $151.02 million, a PE ratio of -76.35 and a beta of 1.80. WidePoint Corporation has a 1-year low of $2.80 and a 1-year high of $15.60. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.32.

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 the consensus estimate of ($0.12) by $0.13. The company had revenue of $40.58 million for the quarter, compared to analysts’ expectations of $37.87 million. WidePoint had a negative net margin of 1.24% and a negative return on equity of 16.24%. As a group, analysts predict that WidePoint Corporation will post -0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WYY. HC Wainwright reaffirmed a “buy” rating and issued 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 “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.67.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WYY. Royal Bank of Canada boosted its position in shares of WidePoint by 19,130.8% during the 1st quarter. Royal Bank of Canada now owns 5,000 shares of the technology company’s stock valued at $25,000 after purchasing an additional 4,974 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in WidePoint in the first quarter valued at approximately $50,000. Ritholtz Wealth Management acquired a new position in WidePoint in the fourth quarter valued at approximately $79,000. XTX Topco Ltd bought a new position in shares of WidePoint during the 2nd quarter worth approximately $58,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of WidePoint during the 1st quarter worth approximately $87,000. 22.60% of the stock is owned by 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.