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

WidePoint Corporation (NYSEAMERICAN:WYY) Director John Fitzgerald sold 15,000 shares of the firm’s 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 sale, the director directly owned 90,414 shares in the company, valued at $1,413,170.82. This trade represents a 14.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

WidePoint Price Performance

WYY stock opened at $14.15 on Wednesday. The business has a 50 day moving average price of $11.64 and a 200 day moving average price of $7.62. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The stock has a market cap of $139.94 million, a price-to-earnings ratio of -70.75 and a beta of 1.71. WidePoint Corporation has a fifty-two week low of $2.80 and a fifty-two week high of $24.30.

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

Hedge Funds Weigh In On WidePoint

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WYY shares. Zacks Research raised shares of WidePoint from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. HC Wainwright reiterated a “buy” rating and set a $9.00 target price on shares of WidePoint in a research report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, WidePoint has a consensus rating of “Buy” and a consensus target price of $8.67.

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.