November 17, 2016 - By Ruchi Gupta · 0 Comments
Wayside Technology Group Inc (NASDAQ:WSTG) institutional sentiment increased to 2 in Q2 2016. Its up 0.33, from 1.67 in 2016Q1. The ratio is better, as 14 investment managers increased and opened new stock positions, while 7 sold and decreased positions in Wayside Technology Group Inc. The investment managers in our partner’s database now own: 1.56 million shares, down from 1.56 million shares in 2016Q1. Also, the number of investment managers holding Wayside Technology Group Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 5 Increased: 13 New Position: 1.
Wayside Technology Group, Inc. is an information technology channel company. The company has a market cap of $82.74 million. The Firm operates through two divisions: Lifeboat Distribution and TechXtend. It has a 14.41 P/E ratio. The Lifeboat Distribution segment distributes technical software to corporate resellers, value added resellers, consultants and systems integrators around the world.
The stock increased 1.45% or $0.25 on November 16, hitting $17.55. Wayside Technology Group, Inc. (NASDAQ:WSTG) has risen 4.97% since April 15, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
According to Zacks Investment Research, “Wayside Technology Group, Inc. is a unified and integrated technology company providing products and solutions for corporate resellers, VARs, developers as well as business, government and educational entities. The Company offers technology products and services for software publishers and manufacturers, such as Microsoft, Computer Associates, IBM, VMware, Borland, Quest Software, Compuware, Infragistics, ComponentOne, Macrovision, and Adobe. It offers a wide variety of technical and general business application software from a broad range of publishers and manufacturers. They market these products through its well-known catalogs, direct mail programs, advertisements in trade magazines, as well as through Internet and e-mail promotions.”
Ativo Capital Management Llc holds 0.17% of its portfolio in Wayside Technology Group, Inc. for 38,143 shares. Foundry Partners Llc owns 75,516 shares or 0.08% of their US portfolio. Moreover, Eagle Asset Management Inc has 0.05% invested in the company for 368,475 shares. The Illinois-based Archford Capital Strategies Llc has invested 0.02% in the stock. Seizert Capital Partners Llc, a Michigan-based fund reported 23,489 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 4 sales for $427,287 net activity.
Wayside Technology Group, Inc., incorporated on September 30, 1982, is an information technology (IT) channel company. The Firm distributes software developed by others through resellers indirectly to clients around the world. The Firm operates through two divisions: Lifeboat Distribution and TechXtend. The Lifeboat Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators around the world. The TechXtend segment is a value-added reseller of software, hardware and services for firms, government organizations and academic institutions in the United States and Canada. The Company’s main Website address is www.waysidetechnology.com, and the other Websites maintained by the business include www.lifeboatdistribution.com and www.techxtend.com. The Firm also resells computer software and hardware developed by others and provides technical services directly to clients in the United States of and Canada. The Firm offers a line of products from publishers of software and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management and other technical domains, as well as computer hardware.
Another recent and important Wayside Technology Group, Inc. (NASDAQ:WSTG) news was published by Nasdaq.com which published an article titled: “Wayside Technology Group, Inc. (WSTG) Ex-Dividend Date Scheduled for November …” on November 03, 2016.
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By Ruchi Gupta