Wayside Technology Group (WSTG) to Release Quarterly Earnings on Friday

Wayside Technology Group (NASDAQ:WSTG – Get Rating) is scheduled to be releasing its earnings data before the market opens on Friday, May 6th. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Wayside Technology Group (NASDAQ:WSTG – Get Rating) last released its quarterly earnings results on Wednesday, March 2nd. The company reported $0.78 EPS for the quarter. The company had revenue of $75.51 million for the quarter. Wayside Technology Group had a net margin of 3.38% and a return on equity of 19.37%.

WSTG stock opened at $34.70 on Friday. The firm has a market cap of $154.38 million, a PE ratio of 15.99 and a beta of 0.81. The firm’s fifty day moving average is $32.92 and its 200 day moving average is $31.71. Wayside Technology Group has a one year low of $23.50 and a one year high of $36.69.

The company also recently declared a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Monday, March 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 11th. This represents a $0.68 annualized dividend and a yield of 1.96%. Wayside Technology Group’s dividend payout ratio is presently 31.34%.

Separately, StockNews.com started coverage on shares of Wayside Technology Group in a research note on Tuesday, April 5th. They set a “strong-buy” rating for the company.

In other news, VP Vito Legrottaglie sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $31.50, for a total transaction of $157,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Wayside Technology Group by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 25,240 shares of the company’s stock worth $884,000 after acquiring an additional 1,029 shares during the last quarter. Morgan Stanley boosted its position in Wayside Technology Group by 112.8% during the first quarter. Morgan Stanley now owns 2,854 shares of the company’s stock worth $72,000 after acquiring an additional 1,513 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Wayside Technology Group by 272.6% during the third quarter. Royal Bank of Canada now owns 23,100 shares of the company’s stock worth $622,000 after acquiring an additional 16,900 shares during the last quarter. Hedge funds and other institutional investors own 44.00% of the company’s stock.

Wayside Technology Group Company Profile (Get Rating)

Wayside Technology Group, Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators under the names Climb Channel Solutions and Sigma Software Distribution; and software, hardware, and services under the names TechXtend and Grey Matter.

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