Bradley Vizi Sells 13,666 Shares of RCM Technologies (NASDAQ:RCMT) Stock

RCM Technologies, Inc. (NASDAQ:RCMT) Chairman Bradley Vizi sold 13,666 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $27.55, for a total transaction of $376,498.30. Following the completion of the sale, the chairman directly owned 1,497,477 shares in the company, valued at approximately $41,255,491.35. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bradley Vizi also recently made the following trade(s):

• On Wednesday, April 8th, Bradley Vizi sold 8,237 shares of RCM Technologies stock. The stock was sold at an average price of $27.52, for a total transaction of $226,682.24.

RCM Technologies Trading Down 3.5%

Shares of RCM Technologies stock opened at $26.93 on Friday. RCM Technologies, Inc. has a 12-month low of $15.29 and a 12-month high of $28.50. The company has a market cap of $189.16 million, a price-to-earnings ratio of 12.58 and a beta of -0.01. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.78. The company’s 50-day moving average price is $19.87 and its 200-day moving average price is $20.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RCMT. Jane Street Group LLC grew its holdings in shares of RCM Technologies by 41.2% in the first quarter. Jane Street Group LLC now owns 23,489 shares of the business services provider’s stock worth $366,000 after purchasing an additional 6,852 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of RCM Technologies by 78.9% in the second quarter. Geode Capital Management LLC now owns 120,382 shares of the business services provider’s stock worth $2,838,000 after purchasing an additional 53,094 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of RCM Technologies by 1,241.0% in the second quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider’s stock worth $55,000 after purchasing an additional 2,147 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of RCM Technologies by 264.4% in the second quarter. Russell Investments Group Ltd. now owns 49,386 shares of the business services provider’s stock worth $1,164,000 after purchasing an additional 35,835 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of RCM Technologies in the second quarter worth approximately $101,000. Institutional investors own 43.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of RCM Technologies in a research report on Friday, March 27th. Wall Street Zen upgraded shares of RCM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Benchmark increased their price target on shares of RCM Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Zacks Research upgraded shares of RCM Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, RCM Technologies has an average rating of “Hold” and an average target price of $36.00.

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.