RCM Technologies (NASDAQ:RCMT) Chairman Bradley Vizi Sells 74,719 Shares of Stock

RCM Technologies, Inc. (NASDAQ:RCMT) Chairman Bradley Vizi sold 74,719 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $38.86, for a total transaction of $2,903,580.34. Following the sale, the chairman owned 1,402,477 shares in the company, valued at $54,500,256.22. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, August 14th, Bradley Vizi sold 25,281 shares of RCM Technologies stock. The shares were sold at an average price of $35.02, for a total transaction of $885,340.62.

RCM Technologies Trading Up 1.5%

RCMT opened at $41.05 on Wednesday. The stock has a 50-day moving average of $28.40 and a 200 day moving average of $24.85. 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 $42.04. 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 issued 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 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%. As a group, research analysts forecast that RCM Technologies, Inc. will post 2.23 EPS for the current year.

Key Headlines 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

Analyst Ratings Changes

Several research analysts have commented on RCMT shares. Zacks Research lowered shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. 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. B. Riley Financial increased their target price on shares of RCM Technologies from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of RCM Technologies in a report on Friday, July 17th. Finally, Wall Street Zen raised shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Sunday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.00.

Hedge Funds Weigh In On RCM Technologies

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new position in RCM Technologies in the 2nd quarter valued at $551,000. WNY Asset Management LLC bought a new stake in shares of RCM Technologies during the first quarter worth $383,000. Punch & Associates Investment Management Inc. lifted its position in shares of RCM Technologies by 12.8% during 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 purchasing an additional 17,433 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of RCM Technologies by 3.6% during the first 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. Finally, Sei Investments Co. boosted its stake in shares of RCM Technologies by 209.9% during the first quarter. Sei Investments Co. now owns 126,872 shares of the business services provider’s stock valued at $2,428,000 after purchasing an additional 85,936 shares during the period. Hedge funds and other 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.