RCM Technologies (NASDAQ:RCMT) Chairman Sells $885,340.62 in Stock

RCM Technologies, Inc. (NASDAQ:RCMT) Chairman Bradley Vizi sold 25,281 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $35.02, for a total transaction of $885,340.62. Following the transaction, the chairman directly owned 1,477,196 shares in the company, valued at approximately $51,731,403.92. This represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, August 17th, Bradley Vizi sold 74,719 shares of RCM Technologies stock. The shares were sold at an average price of $38.86, for a total transaction of $2,903,580.34.

RCM Technologies Stock Up 1.5%

Shares of NASDAQ RCMT traded up $0.62 during trading on Tuesday, hitting $41.05. 181,742 shares of the company traded hands, compared to its average volume of 63,970. The business’s fifty day moving average is $28.07 and its 200 day moving average is $24.70. RCM Technologies, Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $42.04. The firm 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 debt-to-equity ratio of 0.48, a quick ratio of 1.92 and a current ratio of 1.92.

RCM Technologies (NASDAQ:RCMT) last released its quarterly earnings data on Thursday, August 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. RCM Technologies had a net margin of 5.13% and a return on equity of 37.92%. The company had revenue of $93.82 million for the quarter, compared to analysts’ expectations of $81.75 million. Equities research analysts predict that RCM Technologies, Inc. will post 2.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RCM Technologies

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of RCM Technologies by 44.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock worth $45,000 after acquiring an additional 579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of RCM Technologies during the third quarter valued at about $60,000. JPMorgan Chase & Co. lifted its position in shares of RCM Technologies by 1,241.0% during the second quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 2,147 shares in the last quarter. Lazard Asset Management LLC purchased a new position in RCM Technologies during the second quarter worth about $77,000. Finally, Bank of America Corp DE boosted its holdings 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 worth $111,000 after purchasing an additional 915 shares during the last quarter. 43.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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