Kevin Miller Sells 1,753 Shares of RCM Technologies (NASDAQ:RCMT) Stock

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 1,753 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $42.05, for a total transaction of $73,713.65. Following the completion of the transaction, the chief financial officer directly owned 330,863 shares of the company’s stock, valued at approximately $13,912,789.15. The trade was a 0.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

RCM Technologies Stock Up 0.9%

RCM Technologies stock traded up $0.38 during mid-day trading on Thursday, reaching $40.97. 93,610 shares of the company’s stock were exchanged, compared to its average volume of 64,402. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.48. RCM Technologies, Inc. has a twelve month low of $17.26 and a twelve month high of $42.26. The company has a market cap of $291.30 million, a P/E ratio of 17.81 and a beta of 0.29. The company has a fifty day moving average of $30.26 and a 200-day moving average of $25.72.

RCM Technologies (NASDAQ:RCMT) last announced its quarterly earnings data on Thursday, August 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $81.75 million. Sell-side analysts expect that RCM Technologies, Inc. will post 2.6 EPS for the current year.

Hedge Funds Weigh In On RCM Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its position in shares of RCM Technologies by 209.9% during 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 in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in RCM Technologies by 40.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock worth $5,280,000 after buying an additional 74,760 shares during the last quarter. Geode Capital Management LLC grew its stake in RCM Technologies by 78.9% during the 2nd quarter. Geode Capital Management LLC now owns 120,382 shares of the business services provider’s stock worth $2,838,000 after buying an additional 53,094 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position 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 during the period. Finally, Russell Investments Group Ltd. lifted its stake in RCM Technologies by 264.4% in the second 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 last quarter. 43.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RCM Technologies in a report on Friday, July 17th. Zacks Research raised shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday. Benchmark lifted their price objective on shares of RCM Technologies from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. B. Riley Financial boosted their target price on shares of RCM Technologies from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Finally, Wall Street Zen raised RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average 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.