Sei Investments Co. Has $2.43 Million Position in RCM Technologies, Inc. $RCMT

Sei Investments Co. boosted its stake in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 209.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,872 shares of the business services provider’s stock after acquiring an additional 85,936 shares during the quarter. Sei Investments Co. owned approximately 1.79% of RCM Technologies worth $2,428,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BNP Paribas Financial Markets increased its stake in shares of 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 valued at $45,000 after acquiring an additional 579 shares during the last quarter. JPMorgan Chase & Co. increased its position in RCM Technologies by 1,241.0% during the second quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider’s stock worth $55,000 after acquiring an additional 2,147 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of RCM Technologies in the third quarter valued at approximately $60,000. Lazard Asset Management LLC bought a new position in shares of RCM Technologies in the second quarter worth $77,000. Finally, New York State Common Retirement Fund bought a new stake in shares of RCM Technologies during the 2nd quarter worth approximately $101,000. 43.20% of the stock is owned by institutional investors.

RCM Technologies Trading Up 3.0%

Shares of RCM Technologies stock opened at $29.38 on Friday. The stock has a market capitalization of $208.30 million, a PE ratio of 13.86 and a beta of 0.29. RCM Technologies, Inc. has a 52 week low of $17.26 and a 52 week high of $32.50. The stock has a 50 day moving average price of $27.07 and a two-hundred day moving average price of $24.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.92 and a current ratio of 1.92.

Wall Street Analysts Forecast Growth

RCMT has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of RCM Technologies in a report on Friday, July 17th. Wall Street Zen cut shares of RCM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research downgraded RCM Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. One investment analyst has 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 presently has an average rating of “Hold” and a consensus price target of $36.00.

RCM Technologies 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.