BidaskClub cut shares of Resources Connection (NASDAQ:RECN) from a buy rating to a hold rating in a report published on Tuesday morning.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird reissued a hold rating and issued a $15.00 target price on shares of Resources Connection in a research note on Friday, November 10th. Zacks Investment Research cut shares of Resources Connection from a buy rating to a hold rating in a research note on Tuesday, October 10th. Finally, Deutsche Bank reissued a sell rating and issued a $13.00 target price (up from $12.00) on shares of Resources Connection in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $15.00.

Shares of Resources Connection (NASDAQ RECN) traded down $0.15 on Tuesday, hitting $15.30. 111,000 shares of the stock traded hands, compared to its average volume of 131,909. The company has a market cap of $465.48, a PE ratio of 26.19 and a beta of 1.18. Resources Connection has a one year low of $12.05 and a one year high of $19.80. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.20.

Resources Connection (NASDAQ:RECN) last issued its quarterly earnings results on Wednesday, October 4th. The business services provider reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $141.20 million during the quarter, compared to analysts’ expectations of $140.29 million. Resources Connection had a net margin of 2.60% and a return on equity of 8.08%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. equities research analysts forecast that Resources Connection will post 0.67 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 16th were paid a $0.12 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.14%. Resources Connection’s dividend payout ratio is presently 102.13%.

Several large investors have recently added to or reduced their stakes in RECN. SG Americas Securities LLC bought a new position in shares of Resources Connection in the third quarter valued at $153,000. Municipal Employees Retirement System of Michigan grew its stake in shares of Resources Connection by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,130 shares of the business services provider’s stock valued at $155,000 after buying an additional 4,120 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Resources Connection in the third quarter valued at $164,000. BNP Paribas Arbitrage SA lifted its holdings in Resources Connection by 44.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,303 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 3,761 shares during the last quarter. Finally, Aperio Group LLC acquired a new stake in Resources Connection during the 2nd quarter valued at $171,000. 80.99% of the stock is owned by institutional investors and hedge funds.

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About Resources Connection

Resources Connection, Inc is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). The Company provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance, risk and compliance (GRC) management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management, and legal and regulatory.

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