FMR LLC lifted its stake in shares of Wayside Technology Group, Inc. (NASDAQ:WSTG) by 43.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,137 shares of the company’s stock after purchasing an additional 62,603 shares during the period. FMR LLC owned about 4.79% of Wayside Technology Group worth $3,969,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Wayside Technology Group by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 87,492 shares of the company’s stock valued at $1,693,000 after purchasing an additional 1,381 shares during the last quarter. Ativo Capital Management LLC boosted its holdings in Wayside Technology Group by 38.8% in the 2nd quarter. Ativo Capital Management LLC now owns 65,449 shares of the company’s stock valued at $1,266,000 after purchasing an additional 18,306 shares during the last quarter. LSV Asset Management boosted its holdings in Wayside Technology Group by 20.8% in the 2nd quarter. LSV Asset Management now owns 55,173 shares of the company’s stock valued at $1,067,000 after purchasing an additional 9,499 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Wayside Technology Group by 8.8% in the 2nd quarter. Northern Trust Corp now owns 32,804 shares of the company’s stock valued at $634,000 after purchasing an additional 2,662 shares during the last quarter. 39.81% of the stock is owned by institutional investors.
Shares of Wayside Technology Group, Inc. (WSTG) traded down $0.03 during mid-day trading on Monday, hitting $15.32. 6,041 shares of the stock traded hands, compared to its average volume of 10,395. Wayside Technology Group, Inc. has a 52-week low of $13.05 and a 52-week high of $21.75. The firm has a market cap of $68.80, a price-to-earnings ratio of 11.37 and a beta of 0.30.
Wayside Technology Group (NASDAQ:WSTG) last released its earnings results on Thursday, October 26th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $106.65 million for the quarter. Wayside Technology Group had a net margin of 1.33% and a return on equity of 15.74%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 10th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Thursday, November 9th. Wayside Technology Group’s dividend payout ratio is presently 50.37%.
Wayside Technology Group Company Profile
Wayside Technology Group, Inc is an information technology (IT) channel company. The Company distributes software and hardware developed by others through resellers indirectly to customers across the world. The Company operates through two segments: Lifeboat Distribution and TechXtend. The Lifeboat Distribution segment distributes technical software and hardware to corporate resellers, value added resellers (VARs), consultants and systems integrators across the world.
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