Russell Investments Group Ltd. reduced its position in shares of RPX Corp (NASDAQ:RPXC) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,851 shares of the business services provider’s stock after selling 36,593 shares during the period. Russell Investments Group Ltd. owned about 0.73% of RPX worth $4,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its position in shares of RPX by 5.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 219,834 shares of the business services provider’s stock worth $2,639,000 after buying an additional 11,904 shares during the period. Nationwide Fund Advisors boosted its position in shares of RPX by 151.4% during the third quarter. Nationwide Fund Advisors now owns 172,449 shares of the business services provider’s stock worth $2,290,000 after buying an additional 103,859 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in shares of RPX by 3.5% during the second quarter. Pacific Ridge Capital Partners LLC now owns 77,140 shares of the business services provider’s stock worth $1,076,000 after buying an additional 2,610 shares during the period. California Public Employees Retirement System boosted its position in shares of RPX by 13.0% during the first quarter. California Public Employees Retirement System now owns 57,300 shares of the business services provider’s stock worth $688,000 after buying an additional 6,600 shares during the period. Finally, Aperio Group LLC boosted its position in shares of RPX by 8.7% during the second quarter. Aperio Group LLC now owns 39,587 shares of the business services provider’s stock worth $552,000 after buying an additional 3,162 shares during the period. Institutional investors and hedge funds own 89.69% of the company’s stock.

Several research firms have recently commented on RPXC. BidaskClub lowered RPX from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird restated a “buy” rating and set a $15.00 price target on shares of RPX in a research report on Wednesday, November 1st. Zacks Investment Research lowered RPX from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Barclays raised their price target on RPX from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.00.

RPX Corp (NASDAQ:RPXC) opened at $12.79 on Wednesday. The stock has a market capitalization of $634.43, a price-to-earnings ratio of 26.14 and a beta of 1.38. RPX Corp has a fifty-two week low of $10.41 and a fifty-two week high of $15.15. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.16.

RPX (NASDAQ:RPXC) last released its earnings results on Monday, October 30th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. The firm had revenue of $85.70 million during the quarter, compared to analyst estimates of $82.70 million. RPX had a return on equity of 5.16% and a net margin of 5.53%. RPX’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. research analysts anticipate that RPX Corp will post 0.53 EPS for the current year.

The business also recently announced a Not Available dividend, which was paid on Tuesday, December 5th. Investors of record on Monday, November 20th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 17th. RPX’s dividend payout ratio (DPR) is presently 13.89%.

In related news, CFO David James Anderson sold 5,000 shares of RPX stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $12.98, for a total value of $64,900.00. Following the completion of the transaction, the chief financial officer now directly owns 12,756 shares in the company, valued at $165,572.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.52% of the company’s stock.

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RPX Company Profile

RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.

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Institutional Ownership by Quarter for RPX (NASDAQ:RPXC)

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