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 stock was sold at an average price of $42.05, for a total transaction of $73,713.65. Following the sale, the chief financial officer directly owned 330,863 shares of the company’s stock, valued at $13,912,789.15. The trade was a 0.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

RCM Technologies Stock Up 2.1%

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

RCM Technologies (NASDAQ:RCMT) last posted its quarterly earnings data on Thursday, August 13th. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The firm had revenue of $93.82 million for the quarter, compared to the consensus estimate of $81.75 million. RCM Technologies had a net margin of 5.13% and a return on equity of 37.92%. On average, equities research analysts anticipate that RCM Technologies, Inc. will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On RCM Technologies

Institutional investors have recently modified their holdings of the business. California State Teachers Retirement System lifted its holdings in RCM Technologies by 570.9% in the second quarter. California State Teachers Retirement System now owns 1,778 shares of the business services provider’s stock worth $50,000 after acquiring an additional 1,513 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in RCM Technologies by 44.1% in the second quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of RCM Technologies during the third quarter valued at approximately $60,000. JPMorgan Chase & Co. grew its holdings 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 during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of RCM Technologies during the 2nd quarter worth approximately $77,000. Institutional investors own 43.20% of the company’s stock.

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.