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 the stock in a transaction dated 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 of the company’s stock, valued at $51,731,403.92. This represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 Stock Down 2.2%

NASDAQ RCMT opened at $40.16 on Thursday. RCM Technologies, Inc. has a 12 month low of $17.26 and a 12 month high of $42.04. 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 cap of $285.54 million, a PE ratio of 17.46 and a beta of 0.29. The stock’s 50 day moving average is $28.71 and its 200 day moving average is $24.99.

RCM Technologies (NASDAQ:RCMT) last announced its quarterly earnings data on Thursday, August 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The business had revenue of $93.82 million during the quarter, compared to analyst estimates of $81.75 million. RCM Technologies had a net margin of 5.13% and a return on equity of 37.92%. Research analysts predict that RCM Technologies, Inc. will post 2.23 EPS for the current fiscal year.

Hedge Funds Weigh In On RCM Technologies

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of RCM Technologies by 44.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock worth $45,000 after acquiring an additional 579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in RCM Technologies during the 3rd quarter valued at approximately $60,000. JPMorgan Chase & Co. increased its stake in RCM Technologies by 1,241.0% during the 2nd 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 in the last quarter. Lazard Asset Management LLC purchased a new position in shares of RCM Technologies in the second quarter worth $77,000. Finally, Bank of America Corp DE lifted its stake in shares of RCM Technologies by 28.1% during the third quarter. Bank of America Corp DE now owns 4,166 shares of the business services provider’s stock worth $111,000 after buying an additional 915 shares during the period. 43.20% of the stock is currently owned by institutional investors.

Key RCM Technologies News

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

• Positive Sentiment: Benchmark raised its price target for RCMT to $45 from $36 and maintained a “buy” rating. B. Riley Financial also lifted its target to $45 and reiterated a buy rating. The $45 consensus target suggests further upside from recent trading levels. Benchmark price target article
• Positive Sentiment: RCM Technologies reported a quarterly EPS of $0.82, exceeding the $0.62 analyst consensus, while revenue of $93.82 million surpassed expectations of $81.75 million. The earnings beat, 37.9% return on equity and projected full-year EPS of $2.23 provide fundamental support for the positive analyst outlook.
• Neutral Sentiment: Wall Street Zen upgraded the stock to “strong buy,” although other ratings remain mixed. Two analysts rate RCMT a buy and two rate it a hold, resulting in a “Moderate Buy” consensus.
• Neutral Sentiment: Institutional ownership is approximately 43.2%. Geode Capital, Russell Investments, Jane Street and JPMorgan recently increased their positions, but these holdings were reported for prior quarters and may not reflect current trading activity.
• Negative Sentiment: Company insiders disclosed roughly $7.7 million in stock sales from August 14–18. CFO Kevin Miller sold 94,413 shares, Chairman Bradley Vizi sold 100,000 shares, and insider Michael Saks sold 11,792 shares, reducing their respective positions by approximately 1.3% to 15.1%.
• Negative Sentiment: The sales occurred as RCMT approached its 52-week high, potentially signaling profit-taking and weighing on sentiment. However, Miller’s transactions were conducted under pre-arranged Rule 10b5-1 plans, making them less conclusive evidence of a deteriorating management outlook. SEC insider transaction filing

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RCMT. Zacks Research cut shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. B. Riley Financial raised their price target on RCM Technologies from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of RCM Technologies in a research report on Friday, July 17th. Wall Street Zen raised shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Sunday. Finally, Benchmark boosted their price objective on shares of RCM Technologies from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, RCM Technologies presently has a consensus rating of “Moderate Buy” and an average 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.