State Street Corp Has $518,000 Stock Holdings in RCM Technologies, Inc. (NASDAQ:RCMT)

State Street Corp raised its holdings in RCM Technologies, Inc. (NASDAQ:RCMT) by 6.7% during the third quarter, Holdings Channel reports. The institutional investor owned 25,555 shares of the business services provider’s stock after buying an additional 1,600 shares during the quarter. State Street Corp’s holdings in RCM Technologies were worth $518,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Marshall Wace LLP raised its holdings in shares of RCM Technologies by 174.0% in the 2nd quarter. Marshall Wace LLP now owns 38,392 shares of the business services provider’s stock worth $719,000 after acquiring an additional 24,380 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in RCM Technologies during the 3rd quarter worth approximately $425,000. Exchange Traded Concepts LLC purchased a new stake in shares of RCM Technologies in the third quarter worth approximately $315,000. BNP Paribas Financial Markets bought a new position in shares of RCM Technologies in the third quarter valued at approximately $48,000. Finally, Truvestments Capital LLC boosted its position in shares of RCM Technologies by 2.2% during the third quarter. Truvestments Capital LLC now owns 35,148 shares of the business services provider’s stock valued at $713,000 after buying an additional 772 shares during the last quarter. 43.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Benchmark increased their price target on RCM Technologies from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com downgraded shares of RCM Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, B. Riley boosted their price target on shares of RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th.

RCM Technologies Trading Up 0.0 %

Shares of RCM Technologies stock opened at $22.48 on Friday. The firm has a market cap of $170.78 million, a PE ratio of 11.53 and a beta of 0.64. RCM Technologies, Inc. has a 1 year low of $17.11 and a 1 year high of $32.15. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a fifty day moving average price of $22.77 and a 200-day moving average price of $20.71.

Insider Activity at RCM Technologies

In related news, insider Michael Saks sold 2,852 shares of the company’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 value of $68,419.48. Following the transaction, the insider now owns 114,158 shares in the company, valued at approximately $2,738,650.42. This represents a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 26.40% of the stock is owned by company insiders.

RCM Technologies Company 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.