PRGX Global Inc (NASDAQ:PRGX) – Research analysts at Barrington Research lifted their Q4 2018 earnings estimates for PRGX Global in a research report issued on Wednesday, September 19th. Barrington Research analyst A. Paris. Jr now forecasts that the business services provider will post earnings of $0.28 per share for the quarter, up from their prior forecast of $0.26. Barrington Research currently has a “Buy” rating and a $13.00 target price on the stock.

A number of other equities research analysts have also recently commented on the company. TheStreet cut PRGX Global from a “b” rating to a “c+” rating in a report on Friday, August 31st. Zacks Investment Research cut PRGX Global from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 15th. Finally, ValuEngine raised PRGX Global from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 28th. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company. PRGX Global presently has an average rating of “Buy” and an average price target of $12.00.

NASDAQ:PRGX opened at $8.90 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.30. The stock has a market cap of $209.29 million, a price-to-earnings ratio of 42.62, a price-to-earnings-growth ratio of 20.34 and a beta of 0.74. PRGX Global has a 52 week low of $6.62 and a 52 week high of $10.30.

PRGX Global (NASDAQ:PRGX) last posted its quarterly earnings results on Thursday, August 9th. The business services provider reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.08). The business had revenue of $42.10 million for the quarter, compared to the consensus estimate of $39.70 million. PRGX Global had a net margin of 0.28% and a return on equity of 0.06%.

In other news, Director Matthew A. Drapkin acquired 7,310 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was purchased at an average price of $8.95 per share, for a total transaction of $65,424.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have bought 73,713 shares of company stock valued at $679,411. Company insiders own 17.10% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. grew its position in shares of PRGX Global by 68.0% during the second quarter. Macquarie Group Ltd. now owns 15,790 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 6,390 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of PRGX Global during the second quarter valued at about $165,000. JPMorgan Chase & Co. grew its position in shares of PRGX Global by 608.1% during the first quarter. JPMorgan Chase & Co. now owns 17,823 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 15,306 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in shares of PRGX Global during the second quarter valued at about $175,000. Finally, Element Capital Management LLC purchased a new position in shares of PRGX Global during the first quarter valued at about $200,000. Hedge funds and other institutional investors own 79.51% of the company’s stock.

PRGX Global Company Profile

PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. It operates through three segments: Recovery Audit Services ? Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services.

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Earnings History and Estimates for PRGX Global (NASDAQ:PRGX)

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