Bradley Vizi Sells 74,719 Shares of RCM Technologies (NASDAQ:RCMT) Stock

RCM Technologies, Inc. (NASDAQ:RCMT) Chairman Bradley Vizi sold 74,719 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $38.86, for a total transaction of $2,903,580.34. Following the transaction, the chairman directly owned 1,402,477 shares of the company’s stock, valued at $54,500,256.22. This represents a 5.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

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

RCM Technologies Price Performance

NASDAQ:RCMT opened at $40.16 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.92 and a current ratio of 1.92. The company has a 50-day moving average of $28.71 and a 200-day moving average of $24.99. RCM Technologies, Inc. has a 52 week low of $17.26 and a 52 week high of $42.04. The company has a market capitalization of $285.54 million, a price-to-earnings ratio of 17.46 and a beta of 0.29.

RCM Technologies (NASDAQ:RCMT) last announced its quarterly earnings results on Thursday, August 13th. The business services provider reported $0.82 earnings per share for the quarter, beating 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 firm had revenue of $93.82 million for the quarter, compared to analysts’ expectations of $81.75 million. As a group, equities research analysts anticipate that RCM Technologies, Inc. will post 2.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RCM Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its position in RCM Technologies by 209.9% in the first quarter. Sei Investments Co. now owns 126,872 shares of the business services provider’s stock valued at $2,428,000 after buying an additional 85,936 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in RCM Technologies by 40.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock valued at $5,280,000 after buying an additional 74,760 shares during the period. Geode Capital Management LLC boosted 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 valued at $2,838,000 after acquiring an additional 53,094 shares during the last quarter. 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 purchasing an additional 38,872 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of RCM Technologies by 264.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 49,386 shares of the business services provider’s stock worth $1,164,000 after buying an additional 35,835 shares during the period. 43.20% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting RCM Technologies

Here are the key news stories impacting RCM Technologies this week:

• Positive Sentiment: Benchmark raised its price target for RCMT to $45 from $36 and maintained a “buy” rating. B. Riley Financial also lifted its target to $45 and reiterated a buy rating. The $45 consensus target suggests further upside from recent trading levels. Benchmark price target article
• Positive Sentiment: RCM Technologies reported a quarterly EPS of $0.82, exceeding the $0.62 analyst consensus, while revenue of $93.82 million surpassed expectations of $81.75 million. The earnings beat, 37.9% return on equity and projected full-year EPS of $2.23 provide fundamental support for the positive analyst outlook.
• Neutral Sentiment: Wall Street Zen upgraded the stock to “strong buy,” although other ratings remain mixed. Two analysts rate RCMT a buy and two rate it a hold, resulting in a “Moderate Buy” consensus.
• Neutral Sentiment: Institutional ownership is approximately 43.2%. Geode Capital, Russell Investments, Jane Street and JPMorgan recently increased their positions, but these holdings were reported for prior quarters and may not reflect current trading activity.
• Negative Sentiment: Company insiders disclosed roughly $7.7 million in stock sales from August 14–18. CFO Kevin Miller sold 94,413 shares, Chairman Bradley Vizi sold 100,000 shares, and insider Michael Saks sold 11,792 shares, reducing their respective positions by approximately 1.3% to 15.1%.
• Negative Sentiment: The sales occurred as RCMT approached its 52-week high, potentially signaling profit-taking and weighing on sentiment. However, Miller’s transactions were conducted under pre-arranged Rule 10b5-1 plans, making them less conclusive evidence of a deteriorating management outlook. SEC insider transaction filing

Wall Street Analysts Forecast Growth

RCMT has been the subject of several recent research reports. Zacks Research cut shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Weiss Ratings restated a “hold (c+)” rating on shares of RCM Technologies in a research report on Friday, July 17th. Benchmark lifted their price objective on RCM Technologies from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen upgraded RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Sunday. Finally, B. Riley Financial increased their target price on RCM Technologies from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.00.

About RCM Technologies

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.