Key Points
- RCM Technologies CFO Kevin Miller sold 1,333 shares at an average price of $42, generating $55,986. After the transaction, he retained 332,616 shares valued at approximately $13.97 million.
- RCMT shares opened at $40.97 and remain near their 52-week high of $42.26. The company recently exceeded earnings expectations, reporting quarterly EPS of $0.82 versus the $0.62 analyst consensus and revenue of $93.82 million.
- Analyst sentiment is broadly positive: the stock has an average “Buy” rating and a $45 consensus price target, while institutional investors own 43.2% of outstanding shares.
RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) CFO Kevin Miller sold 1,333 shares of the company's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $42.00, for a total transaction of $55,986.00. Following the sale, the chief financial officer directly owned 332,616 shares in the company, valued at $13,969,872. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
RCM Technologies Stock Up 0.9%
Shares of RCMT stock opened at $40.97 on Friday. RCM Technologies, Inc. has a 52-week low of $17.26 and a 52-week high of $42.26. The stock has a market cap of $291.30 million, a price-to-earnings ratio of 17.81 and a beta of 0.29. The firm's 50-day moving average is $30.55 and its 200-day moving average is $25.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.92 and a current ratio of 1.92.
RCM Technologies (NASDAQ:RCMT - Get Free Report) last posted its earnings results on Thursday, August 13th. The business services provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.20. RCM Technologies had a return on equity of 37.92% and a net margin of 5.13%.The business had revenue of $93.82 million for the quarter, compared to analyst estimates of $81.75 million. Sell-side analysts predict that RCM Technologies, Inc. will post 2.6 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. 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, August 17th. Wall Street Zen upgraded RCM Technologies from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Weiss Ratings reissued a "hold (c+)" rating on shares of RCM Technologies in a report on Friday, July 17th. B. Riley Financial boosted their target price on shares of RCM Technologies from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, August 17th. Finally, Zacks Research raised shares of RCM Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $45.00.
Check Out Our Latest Research Report on RCM Technologies
Institutional Trading of RCM Technologies
A number of institutional investors have recently modified their holdings of RCMT. Sei Investments Co. increased its position in shares of RCM Technologies by 209.9% in the first quarter. Sei Investments Co. now owns 126,872 shares of the business services provider's stock worth $2,428,000 after purchasing an additional 85,936 shares during the period. Pacific Ridge Capital Partners LLC lifted its position 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 purchasing an additional 74,760 shares during the period. Geode Capital Management LLC lifted its position in RCM Technologies by 78.9% during the second quarter. Geode Capital Management LLC now owns 120,382 shares of the business services provider's stock worth $2,838,000 after purchasing an additional 53,094 shares during the period. Punch & Associates Investment Management Inc. grew its stake in RCM Technologies by 40.0% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 136,078 shares of the business services provider's stock worth $2,782,000 after buying an additional 38,872 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in RCM Technologies by 264.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 49,386 shares of the business services provider's stock valued at $1,164,000 after buying an additional 35,835 shares during the period. 43.20% of the stock is currently owned by institutional investors.
RCM Technologies Company Profile
(
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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