WidePoint (NYSEAMERICAN:WYY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of WidePoint (NYSEAMERICAN:WYY) from a sell rating to a hold rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “WidePoint is a technology-based provider of products and services to the government sector and commercial markets. WidePoint specializes in providing systems engineering, integration and information technology services. WidePoint’s wholly owned subsidiary, ORC, is at the forefront of implementing government-compliant eAuthentication identity management managed services and associated systems engineering/integration. ORC has earned four major U.S. federal government certifications offering the highest levels of assurance for transactions over the Internet. WidePoint’s profile of customers encompasses U.S. Federal Government agencies, including the Department of Defense, the Department of Homeland Security and the Department of Justice as well as major U.S. defense contractors and several major pharmaceutical companies. “

WYY opened at $0.33 on Thursday. WidePoint has a 12-month low of $0.30 and a 12-month high of $0.63.

In other news, Director Richard L. Todaro acquired 100,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average price of $0.34 per share, with a total value of $34,000.00. Following the purchase, the director now directly owns 139,762 shares of the company’s stock, valued at $47,519.08. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

An institutional investor recently raised its position in WidePoint stock. Renaissance Technologies LLC lifted its position in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 29.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,138,570 shares of the technology company’s stock after purchasing an additional 257,123 shares during the quarter. Renaissance Technologies LLC owned 1.35% of WidePoint worth $476,000 as of its most recent SEC filing.

WidePoint Company Profile

WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.

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