RCM Technologies (NASDAQ:RCMT) CFO Sells $1,020,600.00 in Stock

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $34.02, for a total transaction of $1,020,600.00. Following the sale, the chief financial officer directly owned 398,362 shares of the company’s stock, valued at approximately $13,552,275.24. This represents a 7.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Trading Up 2.2%

Shares of RCMT stock opened at $41.03 on Friday. RCM Technologies, Inc. has a 1 year low of $17.26 and a 1 year high of $42.04. The firm has a fifty day moving average price of $29.03 and a 200-day moving average price of $25.13. 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 company has a market cap of $291.72 million, a price-to-earnings ratio of 17.84 and a beta of 0.29.

RCM Technologies (NASDAQ:RCMT) last announced its earnings results on Thursday, August 13th. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. RCM Technologies had a return on equity of 37.92% and a net margin of 5.13%.The company had revenue of $93.82 million for the quarter, compared to analysts’ expectations of $81.75 million. As a group, equities analysts predict that RCM Technologies, Inc. will post 2.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of RCM Technologies in a research report on Friday, July 17th. B. Riley Financial increased their price objective on shares of RCM Technologies from $40.00 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 research report on Sunday, August 16th. Finally, Benchmark upped their target price on shares of RCM Technologies from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, RCM Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position 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 buying an additional 15,304 shares during the last quarter. Vanguard Group Inc. grew its stake in RCM Technologies by 3.1% during the third quarter. Vanguard Group Inc. now owns 279,889 shares of the business services provider’s stock valued at $7,431,000 after acquiring an additional 8,532 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in RCM Technologies by 40.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock valued at $5,280,000 after acquiring an additional 74,760 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in RCM Technologies by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 169,945 shares of the business services provider’s stock valued at $3,253,000 after acquiring an additional 1,774 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. increased its holdings in RCM Technologies by 12.8% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 153,511 shares of the business services provider’s stock valued at $2,938,000 after acquiring an additional 17,433 shares during the last quarter. 43.20% of the stock is currently owned by institutional investors.

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.