WidePoint (NYSEAMERICAN:WYY) Issues Earnings Results

WidePoint (NYSEAMERICAN:WYY) issued its quarterly earnings data on Tuesday. The technology company reported ($0.15) EPS for the quarter, RTT News reports. WidePoint had a negative return on equity of 24.88% and a negative net margin of 3.82%. The company had revenue of $28.26 million for the quarter.

WidePoint Stock Performance

Shares of NYSEAMERICAN:WYY opened at $2.52 on Thursday. WidePoint has a 12 month low of $1.60 and a 12 month high of $3.49. The stock’s 50-day moving average is $1.86.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in shares of WidePoint in the 1st quarter valued at about $25,000. Dimensional Fund Advisors LP raised its position in shares of WidePoint by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 43,483 shares of the technology company’s stock valued at $79,000 after acquiring an additional 9,377 shares during the period. Vanguard Group Inc. raised its position in shares of WidePoint by 9.6% in the 3rd quarter. Vanguard Group Inc. now owns 390,757 shares of the technology company’s stock valued at $833,000 after acquiring an additional 34,072 shares during the period. Citadel Advisors LLC raised its position in shares of WidePoint by 121.1% in the 3rd quarter. Citadel Advisors LLC now owns 13,577 shares of the technology company’s stock valued at $29,000 after acquiring an additional 7,437 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of WidePoint in the 2nd quarter valued at approximately $37,000. Institutional investors own 22.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of WidePoint in a report on Sunday. They set a “sell” rating on the stock.

About WidePoint

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. The company offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploy identity management solutions that provide secured virtual and physical access to restricted environments.