Northern Trust Corp boosted its position in shares of PRGX Global Inc (NASDAQ:PRGX) by 495.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,457 shares of the business services provider’s stock after buying an additional 191,758 shares during the quarter. Northern Trust Corp owned approximately 0.98% of PRGX Global worth $2,236,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Acadian Asset Management LLC raised its position in shares of PRGX Global by 17.6% in the 2nd quarter. Acadian Asset Management LLC now owns 480,046 shares of the business services provider’s stock valued at $4,656,000 after purchasing an additional 71,797 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of PRGX Global in the 2nd quarter valued at approximately $857,000. Algert Global LLC raised its position in shares of PRGX Global by 108.4% in the 2nd quarter. Algert Global LLC now owns 169,798 shares of the business services provider’s stock valued at $1,647,000 after purchasing an additional 88,330 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in shares of PRGX Global in the 2nd quarter valued at approximately $175,000. Finally, Rhumbline Advisers purchased a new position in shares of PRGX Global in the 2nd quarter valued at approximately $165,000. 78.46% of the stock is currently owned by hedge funds and other institutional investors.
In other PRGX Global news, Director Matthew A. Drapkin purchased 3,450 shares of PRGX Global stock in a transaction on Monday, November 19th. The stock was bought at an average cost of $8.79 per share, with a total value of $30,325.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Strategic Opportunit Headlands purchased 13,959 shares of PRGX Global stock in a transaction on Thursday, September 27th. The shares were acquired at an average cost of $8.56 per share, with a total value of $119,489.04. The disclosure for this purchase can be found here. Insiders have acquired a total of 112,487 shares of company stock valued at $1,019,914 over the last three months. 17.10% of the stock is currently owned by insiders.
PRGX opened at $9.36 on Friday. PRGX Global Inc has a 12-month low of $6.95 and a 12-month high of $10.30. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.28. The company has a market cap of $222.48 million, a price-to-earnings ratio of 471.00, a price-to-earnings-growth ratio of 6.61 and a beta of 0.61.
PRGX Global (NASDAQ:PRGX) last posted its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. PRGX Global had a net margin of 1.21% and a return on equity of 0.48%. The company had revenue of $43.32 million during the quarter, compared to analyst estimates of $44.80 million. Analysts expect that PRGX Global Inc will post 0.09 EPS for the current year.
Several equities analysts recently commented on PRGX shares. B. Riley set a $12.00 price objective on shares of PRGX Global and gave the company a “buy” rating in a research report on Friday, November 2nd. Zacks Investment Research raised shares of PRGX Global from a “strong sell” rating to a “hold” rating and set a $10.00 price objective for the company in a research report on Saturday, November 3rd. TheStreet raised shares of PRGX Global from a “c+” rating to a “b” rating in a research report on Friday, November 2nd. Finally, Barrington Research reaffirmed a “buy” rating and issued a $13.00 price objective on shares of PRGX Global in a research report on Wednesday, September 19th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. PRGX Global has a consensus rating of “Buy” and a consensus target price of $11.67.
PRGX Global Profile
PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. It operates through three segments: Recovery Audit Services Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services.
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