According to Zacks, “PRGX Global, Inc., formerly PRG-Schultz International, Inc., provides audit, analytics, and advisory services in order to improve client financial performance. The Company’s recovery audit services comprise taking client transaction data, transforming it for analysis, identification of errors, and working with vendors or providers to recover overpaid cash. It audits merchandise purchases, accounts payable, lease and property payments, telecom, freight, marketing and media expenses, taxes, import duties, and healthcare claims. The Company’s analytics services include fraud detection and prevention services, such as detecting, deterring, and preventing fraud; custom analytics services, including discovering the value of unstructured data; benchmarking services; and spend analytic services. Its advisory services consist of working capital optimization, enterprise cost reduction, finance transformation, and corporate performance management. The Company is headquartered in Atlanta, Georgia. “
Separately, B. Riley reaffirmed a buy rating and issued a $6.00 target price on shares of PRGX Global in a research report on Saturday, July 30th.
PRGX Global (NASDAQ:PRGX) opened at 4.83 on Wednesday. The firm’s market capitalization is $105.44 million. The company’s 50-day moving average price is $4.83 and its 200 day moving average price is $4.91. PRGX Global has a 12 month low of $3.04 and a 12 month high of $5.81.
PRGX Global (NASDAQ:PRGX) last issued its earnings results on Tuesday, July 26th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.09. PRGX Global had a negative net margin of 1.85% and a positive return on equity of 5.58%. On average, equities research analysts predict that PRGX Global will post $0.07 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of PRGX. HCSF Management LLC raised its stake in shares of PRGX Global by 22.0% in the second quarter. HCSF Management LLC now owns 2,773,766 shares of the company’s stock worth $14,479,000 after buying an additional 500,000 shares in the last quarter. Eagle Global Advisors LLC raised its stake in shares of PRGX Global by 163.7% in the second quarter. Eagle Global Advisors LLC now owns 65,933 shares of the company’s stock worth $344,000 after buying an additional 40,932 shares in the last quarter. Cannell Capital LLC bought a new stake in shares of PRGX Global during the second quarter worth approximately $124,000. Algert Global LLC bought a new stake in shares of PRGX Global during the second quarter worth approximately $125,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of PRGX Global by 1,592.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 37,498 shares of the company’s stock worth $196,000 after buying an additional 35,283 shares in the last quarter. 70.14% of the stock is owned by hedge funds and other institutional investors.
PRGX Global Company Profile
PRGX Global, Inc (PRGX), together with its subsidiaries, provides recovery audit and spend analytics services. The Company provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. The Company operates through three segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services.
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