ZWJ Investment Counsel Inc. Has $159,000 Stock Position in Viavi Solutions Inc. (NASDAQ:VIAV)

ZWJ Investment Counsel Inc. trimmed its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 38.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,782 shares of the communications equipment provider’s stock after selling 9,891 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Viavi Solutions were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VIAV. Capital Performance Advisors LLP acquired a new position in Viavi Solutions during the 3rd quarter valued at $25,000. Quarry LP raised its stake in Viavi Solutions by 419.7% during the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock valued at $50,000 after purchasing an additional 5,838 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Viavi Solutions during the 2nd quarter valued at $76,000. KBC Group NV raised its stake in Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after purchasing an additional 3,252 shares during the last quarter. Finally, Gilbert & Cook Inc. acquired a new position in Viavi Solutions during the 3rd quarter valued at $95,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Masood Jabbar sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $10.14, for a total value of $152,100.00. Following the transaction, the director now owns 225,333 shares in the company, valued at approximately $2,284,876.62. This trade represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luke M. Scrivanich sold 2,802 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the transaction, the senior vice president now owns 54,517 shares in the company, valued at $568,612.31. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,802 shares of company stock worth $481,625. Company insiders own 1.52% of the company’s stock.

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $10.41 on Wednesday. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91. Viavi Solutions Inc. has a 1 year low of $6.60 and a 1 year high of $11.49. The company has a market cap of $2.31 billion, a PE ratio of -61.23 and a beta of 0.91. The company’s 50-day moving average is $10.22 and its two-hundred day moving average is $9.10.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.09 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Equities analysts anticipate that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VIAV shares. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Northland Securities boosted their price target on shares of Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Rosenblatt Securities boosted their price target on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a report on Monday, December 16th. Finally, UBS Group began coverage on shares of Viavi Solutions in a report on Tuesday, November 19th. They issued a “neutral” rating and a $10.60 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.44.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.