RCM Technologies (NASDAQ:RCMT) CFO Sells $55,986.00 in Stock

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 1,333 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $42.00, for a total value of $55,986.00. Following the transaction, the chief financial officer owned 332,616 shares in the company, valued at approximately $13,969,872. This trade represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

RCM Technologies Stock Up 2.1%

Shares of RCMT opened at $41.84 on Friday. The firm’s 50 day moving average is $30.86 and its 200-day moving average is $25.98. RCM Technologies, Inc. has a 12 month low of $17.26 and a 12 month high of $42.38. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $297.48 million, a PE ratio of 18.19 and a beta of 0.29.

RCM Technologies (NASDAQ:RCMT) last released its 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. The firm had revenue of $93.82 million during the quarter, compared to the consensus estimate of $81.75 million. RCM Technologies had a return on equity of 37.92% and a net margin of 5.13%. Equities research analysts forecast that RCM Technologies, Inc. will post 2.6 EPS for the current year.

Hedge Funds Weigh In On RCM Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its stake in RCM Technologies by 3.6% in the first quarter. Renaissance Technologies LLC now owns 434,877 shares of the business services provider’s stock valued at $8,324,000 after purchasing an additional 15,304 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of RCM Technologies by 3.1% during the third quarter. Vanguard Group Inc. now owns 279,889 shares of the business services provider’s stock worth $7,431,000 after purchasing an additional 8,532 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of RCM Technologies by 40.7% in 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. Dimensional Fund Advisors LP raised its position in shares of RCM Technologies by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,945 shares of the business services provider’s stock valued at $3,253,000 after buying an additional 1,774 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its holdings in shares of RCM Technologies by 12.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 153,511 shares of the business services provider’s stock worth $2,938,000 after acquiring an additional 17,433 shares during the last quarter. Institutional investors own 43.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Benchmark boosted their target price on shares of RCM Technologies from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of RCM Technologies in a report on Friday, July 17th. B. Riley Financial upped their price objective on shares of RCM Technologies from $40.00 to $45.00 and gave the company a “buy” rating in a report on Monday, August 17th. Finally, Zacks Research upgraded RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “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.