Summit Financial Strategies Inc. Has $444,000 Holdings in WidePoint Co. (NYSEAMERICAN:WYY)

Summit Financial Strategies Inc. decreased its stake in WidePoint Co. (NYSEAMERICAN:WYY) by 7.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 91,816 shares of the technology company’s stock after selling 7,751 shares during the period. Summit Financial Strategies Inc.’s holdings in WidePoint were worth $444,000 at the end of the most recent reporting period.

Separately, Essex Investment Management Co. LLC raised its stake in shares of WidePoint by 46.2% in the third quarter. Essex Investment Management Co. LLC now owns 46,152 shares of the technology company’s stock valued at $163,000 after acquiring an additional 14,582 shares during the last quarter. 22.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

WidePoint Price Performance

Shares of WYY stock opened at $3.86 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. WidePoint Co. has a 1 year low of $1.83 and a 1 year high of $6.25.

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.