WNY Asset Management LLC Acquires Shares of 20,000 RCM Technologies, Inc. $RCMT

WNY Asset Management LLC bought a new position in RCM Technologies, Inc. (NASDAQ:RCMTFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,000 shares of the business services provider’s stock, valued at approximately $383,000. WNY Asset Management LLC owned approximately 0.28% of RCM Technologies at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Sei Investments Co. increased its holdings in shares of RCM Technologies by 209.9% during the first quarter. Sei Investments Co. now owns 126,872 shares of the business services provider’s stock valued at $2,428,000 after acquiring an additional 85,936 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of RCM Technologies by 40.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock worth $5,280,000 after purchasing an additional 74,760 shares during the last quarter. Geode Capital Management LLC boosted its stake in RCM Technologies by 78.9% in the 2nd 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 in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in RCM Technologies by 40.0% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 136,078 shares of the business services provider’s stock worth $2,782,000 after purchasing an additional 38,872 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in RCM Technologies by 264.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 49,386 shares of the business services provider’s stock valued at $1,164,000 after purchasing an additional 35,835 shares during the last quarter. 43.20% of the stock is owned by hedge funds and other institutional investors.

RCM Technologies Trading Down 0.7%

Shares of NASDAQ:RCMT opened at $28.29 on Friday. The company has a market cap of $200.52 million, a P/E ratio of 13.34 and a beta of 0.29. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.92. RCM Technologies, Inc. has a 1 year low of $17.26 and a 1 year high of $32.50. The stock’s fifty day moving average price is $26.34 and its 200-day moving average price is $23.88.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of RCM Technologies in a research note on Friday, July 17th. Wall Street Zen upgraded shares of RCM Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Zacks Research cut shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, Benchmark raised 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, April 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, RCM Technologies has an average rating of “Hold” and a consensus price target of $36.00.

Get Our Latest Research Report on RCMT

RCM Technologies Profile

(Free Report)

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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Institutional Ownership by Quarter for RCM Technologies (NASDAQ:RCMT)

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