Key Points
- RCM CFO Kevin Miller sold 4,734 shares on April 27 at an average price of $32 (totaling $151,488), cutting his stake by 1.07% to 439,066 shares; the transaction was executed under a pre‑arranged Rule 10b5‑1 plan and disclosed in an SEC filing.
- The stock opened at $31.40 and trades near its 1‑year high ($32.28), with a market capitalization of $220.6M, a P/E of 14.67, and 50‑/200‑day moving averages of $22.92 and $21.36.
- Analysts have grown more positive—Benchmark raised its price target to $36 and Zacks/Wall Street Zen upgraded ratings—leaving a consensus "Buy" and a $36 average target, while institutions own about 43.2% of the stock.
RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) CFO Kevin Miller sold 4,734 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $32.00, for a total value of $151,488.00. Following the completion of the sale, the chief financial officer owned 439,066 shares of the company's stock, valued at $14,050,112. This trade represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
RCM Technologies Stock Up 0.0%
Shares of RCM Technologies stock opened at $31.40 on Thursday. RCM Technologies, Inc. has a 1 year low of $16.90 and a 1 year high of $32.28. The business has a 50-day moving average of $22.92 and a two-hundred day moving average of $21.36. The company has a market capitalization of $220.55 million, a P/E ratio of 14.67 and a beta of -0.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 1.85.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd boosted its position in RCM Technologies by 5.4% during the third quarter. Qube Research & Technologies Ltd now owns 11,187 shares of the business services provider's stock valued at $297,000 after purchasing an additional 576 shares during the last quarter. BNP Paribas Financial Markets boosted its position in RCM Technologies by 44.1% during the second quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider's stock valued at $45,000 after purchasing an additional 579 shares during the last quarter. Bank of America Corp DE boosted its position in RCM Technologies by 28.1% during the third quarter. Bank of America Corp DE now owns 4,166 shares of the business services provider's stock valued at $111,000 after purchasing an additional 915 shares during the last quarter. Ritholtz Wealth Management boosted its position in RCM Technologies by 3.2% during the fourth quarter. Ritholtz Wealth Management now owns 42,724 shares of the business services provider's stock valued at $873,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in RCM Technologies by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 35,735 shares of the business services provider's stock valued at $684,000 after purchasing an additional 1,341 shares during the last quarter. 43.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on RCMT shares. Zacks Research upgraded RCM Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. Benchmark increased their price target on RCM Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, April 8th. Wall Street Zen upgraded RCM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 11th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of RCM Technologies in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $36.00.
Get Our Latest Analysis on RCM Technologies
About RCM Technologies
(
Get Free Report)
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.
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