Zacks Investment Research upgraded shares of Resources Connection (NASDAQ:RECN) from a sell rating to a hold rating in a report released on Wednesday, reports.

According to Zacks, “Resources Connection, Inc. is a multinational professional services firm that helps business leaders execute internal initiatives. The company provides experienced accounting and finance, human resources management and information technology professionals to clients on a project-by-project basis. Partnering with business leaders, Resources Connection drives internal change across all parts of a global enterprise – accounting, finance, risk management and internal audit, corporate advisory, strategic communications and restructuring, information management, human capital, supply chain management, healthcare solutions, and legal and regulatory services. “

Separately, BidaskClub raised Resources Connection from a hold rating to a buy rating in a research report on Tuesday.

NASDAQ:RECN opened at $17.72 on Wednesday. The stock’s 50 day moving average price is $16.93 and its 200 day moving average price is $16.40. Resources Connection has a 52 week low of $12.72 and a 52 week high of $19.50. The company has a market capitalization of $562.04 million, a P/E ratio of 17.24 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.10 and a current ratio of 2.10.

Resources Connection (NASDAQ:RECN) last released its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Resources Connection had a return on equity of 11.96% and a net margin of 4.32%. The firm had revenue of $182.10 million for the quarter, compared to the consensus estimate of $182.44 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. As a group, sell-side analysts forecast that Resources Connection will post 1.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.56 dividend on an annualized basis and a yield of 3.16%. This is a boost from Resources Connection’s previous quarterly dividend of $0.13. Resources Connection’s dividend payout ratio is presently 54.37%.

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in Resources Connection by 104.5% during the second quarter. Public Employees Retirement System of Ohio now owns 1,867 shares of the business services provider’s stock worth $30,000 after purchasing an additional 954 shares during the period. BNP Paribas Arbitrage SA boosted its position in Resources Connection by 134.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,878 shares of the business services provider’s stock worth $114,000 after purchasing an additional 3,941 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Resources Connection during the second quarter worth approximately $185,000. SG Americas Securities LLC bought a new stake in Resources Connection during the first quarter worth approximately $293,000. Finally, Man Group plc bought a new stake in Resources Connection during the second quarter worth approximately $298,000. 82.31% of the stock is owned by hedge funds and other institutional investors.

Resources Connection Company Profile

Resources Connection, Inc provides business consulting services under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers process transformation and optimization, financial reporting and analysis, technical and operational accounting, and merger and acquisition due diligence and integration services; new accounting standards implementation and remediation support services; and audit readiness, and preparation and response services.

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