RCM Technologies (NASDAQ:RCMT) CFO Kevin Miller Sells 2,932 Shares

Key Points

• CFO Kevin Miller sold 2,932 shares at an average price of $32.04 for $93,941, leaving him with 443,800 shares (a 0.66% reduction); the trade was executed under a pre-arranged Rule 10b5-1 plan and disclosed in an SEC filing.
• RCM stock traded up 2.3% to $31.62 on the day, trading near its one-year high of $32.28, with a market cap of about $222 million and a P/E of 14.78.
• Analysts have an average rating of Buy with a consensus target of $36, several firms recently upgraded the stock, and institutional investors own roughly 43.2% of the shares.

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) CFO Kevin Miller sold 2,932 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $32.04, for a total transaction of $93,941.28. Following the transaction, the chief financial officer directly owned 443,800 shares in the company, valued at $14,219,352. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Stock Up 2.3%

Shares of RCMT stock traded up $0.70 on Friday, reaching $31.62. 54,375 shares of the company were exchanged, compared to its average volume of 56,480. The company has a market cap of $221.97 million, a price-to-earnings ratio of 14.78 and a beta of -0.01. The company has a 50-day moving average of $21.88 and a 200-day moving average of $21.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 1.85. RCM Technologies, Inc. has a one year low of $16.51 and a one year high of $32.28.

Hedge Funds Weigh In On RCM Technologies

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position 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 valued at $45,000 after acquiring an additional 579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in RCM Technologies in the 3rd quarter valued at about $60,000. JPMorgan Chase & Co. lifted its position in RCM Technologies by 1,241.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider's stock valued at $55,000 after acquiring an additional 2,147 shares in the last quarter. Lazard Asset Management LLC bought a new position in RCM Technologies in the 2nd quarter valued at about $77,000. Finally, Bank of America Corp DE lifted its position in RCM Technologies by 28.1% in the 3rd quarter. Bank of America Corp DE now owns 4,166 shares of the business services provider's stock valued at $111,000 after acquiring an additional 915 shares in the last quarter. Institutional investors own 43.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of RCM Technologies in a research report on Friday, March 27th. Benchmark increased their price objective on shares of RCM Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, April 8th. Zacks Research raised shares of RCM Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Finally, Wall Street Zen raised shares of RCM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $36.00.

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.

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