Resources Connection (NASDAQ:RGP) Rating Increased to Hold at Wall Street Zen

Resources Connection (NASDAQ:RGP - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued on Saturday.

Separately, JPMorgan Chase & Co. dropped their target price on shares of Resources Connection from $9.50 to $5.00 and set an "underweight" rating on the stock in a research report on Thursday, April 3rd.

Resources Connection Stock Performance

Shares of NASDAQ RGP opened at $5.79 on Friday. The company has a market capitalization of $191.47 million, a P/E ratio of -0.99, a price-to-earnings-growth ratio of 1.17 and a beta of 0.64. Resources Connection has a 52-week low of $4.81 and a 52-week high of $12.19. The company's 50 day moving average price is $5.41 and its 200-day moving average price is $6.38.

Institutional Trading of Resources Connection

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Resources Connection during the fourth quarter worth about $272,000. American Century Companies Inc. grew its position in Resources Connection by 9.1% during the fourth quarter. American Century Companies Inc. now owns 70,669 shares of the company's stock valued at $603,000 after acquiring an additional 5,889 shares during the last quarter. Sei Investments Co. grew its position in Resources Connection by 13.1% during the fourth quarter. Sei Investments Co. now owns 37,277 shares of the company's stock valued at $318,000 after acquiring an additional 4,310 shares during the last quarter. LPL Financial LLC grew its position in Resources Connection by 6.2% during the fourth quarter. LPL Financial LLC now owns 48,762 shares of the company's stock valued at $416,000 after acquiring an additional 2,837 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Resources Connection by 196.2% in the fourth quarter. JPMorgan Chase & Co. now owns 261,688 shares of the company's stock worth $2,232,000 after purchasing an additional 173,333 shares during the last quarter. Institutional investors own 93.23% of the company's stock.

About Resources Connection

Resources Connection, Inc provides consulting services to business customers under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers services in the areas of transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance.

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