State Street Corp Purchases 1,600 Shares of RCM Technologies, Inc. (NASDAQ:RCMT)

State Street Corp increased its position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 6.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,555 shares of the business services provider’s stock after acquiring an additional 1,600 shares during the period. State Street Corp owned about 0.34% of RCM Technologies worth $518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Wace LLP boosted its stake in shares of RCM Technologies by 174.0% during the second quarter. Marshall Wace LLP now owns 38,392 shares of the business services provider’s stock valued at $719,000 after purchasing an additional 24,380 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in RCM Technologies during the 3rd quarter worth approximately $315,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in RCM Technologies during the 3rd quarter worth approximately $425,000. Truvestments Capital LLC increased its position in RCM Technologies by 2.2% in the 3rd quarter. Truvestments Capital LLC now owns 35,148 shares of the business services provider’s stock valued at $713,000 after acquiring an additional 772 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in RCM Technologies in the 3rd quarter valued at approximately $48,000. Institutional investors and hedge funds own 43.20% of the company’s stock.

Analysts Set New Price Targets

RCMT has been the topic of several analyst reports. Benchmark boosted their price objective on shares of RCM Technologies from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com lowered RCM Technologies from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, B. Riley raised their price objective on RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.

Insider Activity at RCM Technologies

In related news, insider Michael Saks sold 2,852 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $23.99, for a total transaction of $68,419.48. Following the completion of the sale, the insider now owns 114,158 shares of the company’s stock, valued at $2,738,650.42. This trade represents a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 26.40% of the stock is owned by company insiders.

RCM Technologies Trading Up 0.0 %

NASDAQ:RCMT opened at $22.48 on Friday. RCM Technologies, Inc. has a 52 week low of $17.11 and a 52 week high of $32.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The firm’s fifty day moving average is $22.77 and its 200-day moving average is $20.71. The firm has a market cap of $170.78 million, a P/E ratio of 11.53 and a beta of 0.64.

RCM Technologies Profile

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Europe. It operates through three segments: Engineering, Specialty Health Care, and Life Sciences and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, and 3D/BIM integrated design.