Insider Selling: RCM Technologies (NASDAQ:RCMT) Chairman Sells $885,340.62 in Stock

RCM Technologies, Inc. (NASDAQ:RCMT) Chairman Bradley Vizi sold 25,281 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $35.02, for a total transaction of $885,340.62. Following the completion of the sale, the chairman owned 1,477,196 shares of the company’s stock, valued at approximately $51,731,403.92. The trade was a 1.68% decrease in their position. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $38.86, for a total transaction of $2,903,580.34.

RCM Technologies Trading Up 2.2%

Shares of RCM Technologies stock opened at $41.03 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.92 and a quick ratio of 1.92. The stock’s 50 day simple moving average is $29.03 and its 200-day simple moving average is $25.13. The stock has a market cap of $291.72 million, a P/E ratio of 17.84 and a beta of 0.29. RCM Technologies, Inc. has a 1-year low of $17.26 and a 1-year high of $42.04.

RCM Technologies (NASDAQ:RCMT) last posted its quarterly earnings results on Thursday, August 13th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.62 by $0.20. RCM Technologies had a return on equity of 37.92% and a net margin of 5.13%.The firm had revenue of $93.82 million during the quarter, compared to analysts’ expectations of $81.75 million. 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 made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position 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 purchasing an additional 579 shares during the period. JPMorgan Chase & Co. raised its position in RCM Technologies by 1,241.0% in 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in RCM Technologies during the third quarter worth $60,000. Lazard Asset Management LLC acquired a new position in RCM Technologies during the second quarter worth $77,000. Finally, New York State Common Retirement Fund purchased a new position in shares of RCM Technologies during the second quarter worth $101,000. 43.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of RCM Technologies in a research report on Friday, July 17th. Benchmark lifted their target price on shares of RCM Technologies from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen upgraded shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. Zacks Research lowered shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, B. Riley Financial increased their price target on shares of RCM Technologies from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.