Performant Financial (NASDAQ:PFMT) posted its quarterly earnings data on Tuesday. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.02), Morningstar.com reports. The firm had revenue of $35.83 million for the quarter, compared to the consensus estimate of $36.20 million. Performant Financial had a negative return on equity of 25.34% and a negative net margin of 18.69%. Performant Financial updated its FY 2019 guidance to EPS.

Shares of NASDAQ PFMT traded down $0.07 during trading hours on Wednesday, hitting $1.18. 173 shares of the stock were exchanged, compared to its average volume of 36,025. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $1.22. The stock has a market cap of $60.59 million, a price-to-earnings ratio of -3.69 and a beta of 0.19. Performant Financial has a one year low of $1.00 and a one year high of $2.86.

Several analysts recently issued reports on PFMT shares. Zacks Investment Research raised shares of Performant Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. ValuEngine raised shares of Performant Financial from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd.

Several hedge funds and other institutional investors have recently bought and sold shares of PFMT. Vanguard Group Inc. boosted its position in Performant Financial by 92.3% during the second quarter. Vanguard Group Inc. now owns 895,851 shares of the business services provider’s stock worth $941,000 after acquiring an additional 429,909 shares during the last quarter. BlackRock Inc. boosted its position in Performant Financial by 5.8% during the second quarter. BlackRock Inc. now owns 174,050 shares of the business services provider’s stock worth $183,000 after acquiring an additional 9,537 shares during the last quarter. Renaissance Technologies LLC boosted its position in Performant Financial by 1.2% during the second quarter. Renaissance Technologies LLC now owns 944,839 shares of the business services provider’s stock worth $992,000 after acquiring an additional 10,900 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its position in Performant Financial by 41.4% during the second quarter. Prescott Group Capital Management L.L.C. now owns 7,348,179 shares of the business services provider’s stock worth $7,716,000 after acquiring an additional 2,150,111 shares during the last quarter. Finally, Mirador Capital Partners LP boosted its position in Performant Financial by 15.5% during the second quarter. Mirador Capital Partners LP now owns 192,445 shares of the business services provider’s stock worth $202,000 after acquiring an additional 25,762 shares during the last quarter. 56.95% of the stock is owned by institutional investors and hedge funds.

About Performant Financial

Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services primarily to the government-supported student loan industry serving guaranty agencies, private financial institutions, and the Department of Education; and restructures and recovers student loans issued directly by banks to students outside of federal lending programs.

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Earnings History for Performant Financial (NASDAQ:PFMT)

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