WidePoint Co. (NYSEAMERICAN:WYY) Stake Trimmed by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. lessened its stake in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,816 shares of the technology company’s stock after selling 7,751 shares during the period. Summit Financial Strategies Inc. owned about 0.94% of WidePoint worth $444,000 at the end of the most recent reporting period.

Separately, Dimensional Fund Advisors LP raised its position in WidePoint by 41.8% during the second quarter. Dimensional Fund Advisors LP now owns 61,058 shares of the technology company’s stock valued at $256,000 after buying an additional 17,991 shares during the period. Institutional investors and hedge funds own 22.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of WidePoint in a research note on Thursday, November 14th.

WidePoint Stock Performance

Shares of WidePoint stock opened at $3.86 on Monday. WidePoint Co. has a fifty-two week low of $1.83 and a fifty-two week high of $6.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 1.07.

WidePoint Profile

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It 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 deploys identity management solutions that provides secured virtual and physical access to restricted environments.