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

RCM Technologies, Inc. (NASDAQ:RCMT) Chairman Bradley Vizi sold 25,281 shares of RCM Technologies stock in a transaction on Friday, August 14th. The stock was sold at an average price of $35.02, for a total value of $885,340.62. Following the sale, the chairman owned 1,477,196 shares in the company, valued at $51,731,403.92. This trade represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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 shares were sold at an average price of $38.86, for a total value of $2,903,580.34.

RCM Technologies Stock Performance

RCMT traded up $0.62 during trading on Tuesday, hitting $41.05. 181,742 shares of the company traded hands, compared to its average volume of 63,970. RCM Technologies, Inc. has a one year low of $17.26 and a one year high of $42.04. The stock’s fifty day moving average is $28.07 and its 200 day moving average is $24.70. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.48. The firm has a market cap of $291.04 million, a P/E ratio of 17.85 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 for the quarter, compared to analysts’ expectations of $81.75 million. RCM Technologies had a net margin of 5.13% and a return on equity of 37.92%. As a group, equities analysts predict that RCM Technologies, Inc. will post 2.23 EPS for the current fiscal year.

Institutional Trading of RCM Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in RCM Technologies by 3.6% during the 1st 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 period. Vanguard Group Inc. boosted its stake in shares of RCM Technologies by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 279,889 shares of the business services provider’s stock valued at $7,431,000 after purchasing an additional 8,532 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of 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 valued at $5,280,000 after purchasing an additional 74,760 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of RCM Technologies by 1.1% during the first 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 during the period. Finally, Punch & Associates Investment Management Inc. raised its stake in RCM Technologies by 12.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 153,511 shares of the business services provider’s stock worth $2,938,000 after buying an additional 17,433 shares in the last quarter. Hedge funds and other institutional investors own 43.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of RCM Technologies in a report on Friday, July 17th. B. Riley Financial raised their price objective on RCM Technologies from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday. Benchmark upped their price target on shares of RCM Technologies from $36.00 to $45.00 and gave the company a “buy” rating in a report on Monday. Finally, Wall Street Zen raised shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Sunday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, RCM Technologies currently has an average rating of “Moderate Buy” and a consensus 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.