Shares of PRGX Global Inc (NASDAQ:PRGX) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $11.00 for the company and are anticipating that the company will post ($0.17) EPS for the current quarter, according to Zacks. Zacks has also assigned PRGX Global an industry rank of 60 out of 265 based on the ratings given to related companies.
Several research analysts have weighed in on the company. Zacks Investment Research cut PRGX Global from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. TheStreet raised PRGX Global from a “c+” rating to a “b+” rating in a research report on Tuesday, March 6th. Finally, Barrington Research upped their price target on PRGX Global to $11.00 and gave the company an “outperform” rating in a research report on Friday, March 2nd.
PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings results on Thursday, March 1st. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. PRGX Global had a return on equity of 5.65% and a net margin of 1.97%. The business had revenue of $47.07 million during the quarter, compared to the consensus estimate of $45.31 million. equities analysts expect that PRGX Global will post 0.19 EPS for the current year.
In other news, SVP Victor A. Allums sold 18,000 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $8.49, for a total transaction of $152,820.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 66,701 shares of company stock worth $589,968 in the last ninety days. Insiders own 14.96% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of PRGX. Cadence Capital Management LLC lifted its holdings in PRGX Global by 5.1% during the 3rd quarter. Cadence Capital Management LLC now owns 248,838 shares of the business services provider’s stock worth $1,742,000 after purchasing an additional 12,063 shares in the last quarter. Monashee Investment Management LLC bought a new position in shares of PRGX Global during the 4th quarter valued at about $150,000. Dimensional Fund Advisors LP increased its position in shares of PRGX Global by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 726,299 shares of the business services provider’s stock valued at $4,721,000 after purchasing an additional 34,620 shares during the last quarter. Millennium Management LLC bought a new position in shares of PRGX Global during the 4th quarter valued at about $713,000. Finally, Thomson Horstmann & Bryant Inc. increased its position in shares of PRGX Global by 44.8% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 722,119 shares of the business services provider’s stock valued at $5,127,000 after purchasing an additional 223,379 shares during the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.
About PRGX Global
PRGX Global, Inc (PRGX), together with its subsidiaries, provides recovery audit and spend analytics services. The Company provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. The Company operates through three segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PRGX Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRGX Global and related companies with MarketBeat.com's FREE daily email newsletter.