Geode Capital Management LLC Has $363,000 Holdings in WidePoint Co. (NYSEAMERICAN:WYY)

Geode Capital Management LLC grew its stake in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,990 shares of the technology company’s stock after acquiring an additional 3,497 shares during the period. Geode Capital Management LLC owned 0.77% of WidePoint worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WYY. Private Advisor Group LLC raised its position in shares of WidePoint by 29.2% in the fourth quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock valued at $150,000 after purchasing an additional 7,000 shares during the period. Essex Investment Management Co. LLC raised its position in WidePoint by 9.9% in the fourth quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock worth $245,000 after purchasing an additional 4,547 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of WidePoint in the 4th quarter worth approximately $186,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in WidePoint in the fourth quarter valued at about $75,000. 22.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com began coverage on WidePoint in a report on Tuesday. They issued a “hold” rating on the stock. HC Wainwright reissued a “buy” rating and set a $7.00 price target on shares of WidePoint in a research note on Thursday, April 17th.

WidePoint Stock Up 7.0 %

NYSEAMERICAN:WYY opened at $4.60 on Friday. WidePoint Co. has a 1 year low of $2.02 and a 1 year high of $6.25. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market cap of $45.08 million, a price-to-earnings ratio of -14.84 and a beta of 1.70. The stock has a 50-day moving average price of $3.41 and a two-hundred day moving average price of $3.89.

About WidePoint

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.