RPX Corporation (NASDAQ:RPXC) has received a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.00.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of RPX from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Barclays lifted their price target on shares of RPX from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Tuesday, October 31st. Robert W. Baird reaffirmed a “buy” rating and set a $15.00 price target on shares of RPX in a research report on Wednesday, November 1st. Finally, BidaskClub cut shares of RPX from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th.

In other RPX news, CFO David James Anderson sold 5,000 shares of RPX stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $12.98, for a total transaction of $64,900.00. Following the transaction, the chief financial officer now directly owns 12,756 shares of the company’s stock, valued at $165,572.88. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.52% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of RPX during the third quarter worth $172,000. Public Employees Retirement System of Ohio lifted its position in shares of RPX by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 27,622 shares of the business services provider’s stock worth $331,000 after purchasing an additional 3,854 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of RPX by 6.0% during the first quarter. Metropolitan Life Insurance Co. NY now owns 37,173 shares of the business services provider’s stock worth $446,000 after purchasing an additional 2,108 shares in the last quarter. Aperio Group LLC lifted its position in shares of RPX by 8.7% during the second quarter. Aperio Group LLC now owns 39,587 shares of the business services provider’s stock worth $552,000 after purchasing an additional 3,162 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of RPX by 13.0% during the first quarter. California Public Employees Retirement System now owns 57,300 shares of the business services provider’s stock worth $688,000 after purchasing an additional 6,600 shares in the last quarter. 89.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of RPX (NASDAQ:RPXC) opened at $13.00 on Friday. RPX has a twelve month low of $10.22 and a twelve month high of $15.15. The stock has a market cap of $643.84, a P/E ratio of 26.92 and a beta of 1.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.54 and a quick ratio of 2.54.

RPX (NASDAQ:RPXC) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $85.70 million for the quarter, compared to analysts’ expectations of $82.70 million. RPX had a net margin of 5.53% and a return on equity of 5.16%. RPX’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. equities analysts anticipate that RPX will post 0.53 EPS for the current year.

The firm also recently declared a Not Available dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 17th. RPX’s dividend payout ratio (DPR) is 13.51%.

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RPX Company Profile

RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.

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