RCM Technologies (NASDAQ:RCMT) Chairman Sells 74,719 Shares

RCM Technologies, Inc. (NASDAQ:RCMT) Chairman Bradley Vizi sold 74,719 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $38.86, for a total value of $2,903,580.34. Following the completion of the transaction, the chairman owned 1,402,477 shares of the company’s stock, valued at approximately $54,500,256.22. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bradley Vizi also recently made the following trade(s):

• On Friday, August 14th, Bradley Vizi sold 25,281 shares of RCM Technologies stock. The stock was sold at an average price of $35.02, for a total value of $885,340.62.

RCM Technologies Stock Up 1.5%

Shares of RCM Technologies stock traded up $0.62 on Tuesday, reaching $41.05. 181,742 shares of the company were exchanged, compared to its average volume of 63,970. The company has a market capitalization of $291.04 million, a price-to-earnings ratio of 17.85 and a beta of 0.29. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.48. RCM Technologies, Inc. has a one year low of $17.26 and a one year high of $42.04. The company has a 50-day moving average of $28.07 and a 200 day moving average of $24.70.

RCM Technologies (NASDAQ:RCMT) last released its earnings results on Thursday, August 13th. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.20. The business had revenue of $93.82 million during the quarter, compared to analysts’ expectations of $81.75 million. RCM Technologies had a net margin of 5.13% and a return on equity of 37.92%. On average, equities research analysts forecast that RCM Technologies, Inc. will post 2.23 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in shares of RCM Technologies by 3.6% during the 1st quarter. Renaissance Technologies LLC now owns 434,877 shares of the business services provider’s stock valued at $8,324,000 after purchasing an additional 15,304 shares during the last quarter. Vanguard Group Inc. lifted its stake in RCM Technologies by 3.1% in the third quarter. Vanguard Group Inc. now owns 279,889 shares of the business services provider’s stock valued at $7,431,000 after buying an additional 8,532 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in RCM Technologies by 40.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock worth $5,280,000 after acquiring an additional 74,760 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of RCM Technologies by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 169,945 shares of the business services provider’s stock valued at $3,253,000 after buying an additional 1,774 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its holdings in shares of RCM Technologies by 12.8% during the first quarter. Punch & Associates Investment Management Inc. now owns 153,511 shares of the business services provider’s stock valued at $2,938,000 after acquiring an additional 17,433 shares in the last quarter. Institutional investors and hedge funds own 43.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. B. Riley Financial boosted their price objective on shares of RCM Technologies from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday. Benchmark lifted their price target on RCM Technologies from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of RCM Technologies in a research report on Friday, July 17th. Wall Street Zen upgraded RCM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Sunday. Finally, Zacks Research downgraded RCM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

RCM Technologies Company Profile

RCM Technologies, Inc (NASDAQ: RCMT) is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company’s core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.

Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.