RCM Technologies (NASDAQ:RCMT) Chairman Bradley Vizi Sells 25,281 Shares of Stock

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

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

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

RCM Technologies Price Performance

Shares of NASDAQ:RCMT opened at $41.05 on Wednesday. The business’s fifty day moving average price is $28.40 and its two-hundred day moving average price is $24.85. The stock has a market cap of $291.04 million, a PE 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, Inc. has a one year low of $17.26 and a one year high of $42.04.

RCM Technologies (NASDAQ:RCMT) last issued 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. The business had revenue of $93.82 million for 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%. On average, analysts forecast that RCM Technologies, Inc. will post 2.23 EPS for the current fiscal year.

Key Stories Impacting RCM Technologies

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

• Positive Sentiment: Benchmark raised its price target to $45 from $36 and maintained a “buy” rating. B. Riley also increased its target to $45 and reiterated a buy rating. The $45 target is now the consensus target, implying additional potential upside from recent levels.
• Positive Sentiment: RCMT’s latest quarterly results were stronger than expected, with earnings per share of $0.82 versus the $0.62 consensus estimate and revenue of $93.82 million compared with expectations of $81.75 million. The company’s 37.9% return on equity and projected full-year EPS of $2.23 add support to the bullish analyst outlook.
• Neutral Sentiment: Institutional ownership stands at 43.2%, with Geode Capital, Russell Investments, Jane Street and JPMorgan among investors that recently increased their positions. This suggests growing institutional interest, although the purchases were reported for prior quarters rather than the current session.
• Negative Sentiment: Insiders disclosed approximately $7.7 million in stock sales from August 14–18. CFO Kevin D. Miller sold 94,413 shares, Chairman Bradley Vizi sold 100,000 shares, and insider Michael Saks sold 11,792 shares. The transactions reduced their holdings by roughly 1.3% to 15.1%.
• Negative Sentiment: The insider sales occurred as RCMT advanced sharply from its 52-week low and approached its 52-week high, which could signal profit-taking and may weigh on investor sentiment. However, the CFO’s transactions were executed under a pre-arranged Rule 10b5-1 plan, making them less clearly indicative of a change in management’s outlook. SEC insider transaction filing

Institutional Investors Weigh In On RCM Technologies

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in RCM Technologies by 44.1% during the second quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock worth $45,000 after purchasing an additional 579 shares during the last quarter. JPMorgan Chase & Co. increased its stake in 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of RCM Technologies during the third quarter worth $60,000. Lazard Asset Management LLC bought a new position in shares of RCM Technologies in the 2nd quarter worth about $77,000. Finally, New York State Common Retirement Fund acquired a new position in shares of RCM Technologies in the 2nd quarter valued at about $101,000. 43.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RCMT. Wall Street Zen upgraded RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Sunday. Benchmark boosted their price target on RCM Technologies from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of RCM Technologies in a report on Friday, July 17th. Zacks Research downgraded RCM Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.