RCM Technologies (NASDAQ:RCMT) CFO Kevin Miller Sells 4,413 Shares of Stock

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 4,413 shares of RCM Technologies stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $42.00, for a total transaction of $185,346.00. Following the sale, the chief financial officer owned 333,949 shares of the company’s stock, valued at $14,025,858. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Price Performance

Shares of RCMT opened at $41.05 on Wednesday. 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’s fifty day moving average price is $28.40 and its 200-day moving average price is $24.85. RCM Technologies, Inc. has a 1-year low of $17.26 and a 1-year high of $42.04. The firm has a market capitalization of $291.04 million, a PE ratio of 17.85 and a beta of 0.29.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Zacks Research downgraded 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 report on Friday, July 17th. B. Riley Financial lifted their price objective on shares of RCM Technologies from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday. Benchmark lifted their price objective on shares of RCM Technologies from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wall Street Zen raised shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Sunday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.00.

Hedge Funds Weigh In On RCM Technologies

Several institutional investors and hedge funds have recently modified their holdings of RCMT. Qube Research & Technologies Ltd boosted its stake in shares of RCM Technologies by 5.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 11,187 shares of the business services provider’s stock worth $297,000 after acquiring an additional 576 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in RCM Technologies by 44.1% in 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. Bank of America Corp DE boosted its position in RCM Technologies by 28.1% during the third quarter. Bank of America Corp DE now owns 4,166 shares of the business services provider’s stock worth $111,000 after purchasing an additional 915 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in RCM Technologies by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 35,735 shares of the business services provider’s stock valued at $684,000 after purchasing an additional 1,341 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in RCM Technologies by 2.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 69,304 shares of the business services provider’s stock valued at $1,417,000 after purchasing an additional 1,674 shares during the period. Institutional investors and hedge funds own 43.20% of the company’s stock.

Key Stories Impacting RCM Technologies

Here are the key news stories impacting RCM Technologies this week:

• Positive Sentiment: Benchmark raised its price target to $45 from $36 and maintained a “buy” rating. B. Riley also increased its target to $45 and reiterated a buy rating. The $45 target is now the consensus target, implying additional potential upside from recent levels.
• Positive Sentiment: RCMT’s latest quarterly results were stronger than expected, with earnings per share of $0.82 versus the $0.62 consensus estimate and revenue of $93.82 million compared with expectations of $81.75 million. The company’s 37.9% return on equity and projected full-year EPS of $2.23 add support to the bullish analyst outlook.
• Neutral Sentiment: Institutional ownership stands at 43.2%, with Geode Capital, Russell Investments, Jane Street and JPMorgan among investors that recently increased their positions. This suggests growing institutional interest, although the purchases were reported for prior quarters rather than the current session.
• Negative Sentiment: Insiders disclosed approximately $7.7 million in stock sales from August 14–18. CFO Kevin D. Miller sold 94,413 shares, Chairman Bradley Vizi sold 100,000 shares, and insider Michael Saks sold 11,792 shares. The transactions reduced their holdings by roughly 1.3% to 15.1%.
• Negative Sentiment: The insider sales occurred as RCMT advanced sharply from its 52-week low and approached its 52-week high, which could signal profit-taking and may weigh on investor sentiment. However, the CFO’s transactions were executed under a pre-arranged Rule 10b5-1 plan, making them less clearly indicative of a change in management’s outlook. SEC insider transaction filing

RCM Technologies Company Profile

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.