November 25, 2016 - By Winifred Garcia
As stated in a legally required form that has been filled with the SEC on November 25, 2016, Joseph Whitters, director of Prgx Global Inc and an insider, picked up 12,500 shares of the firm for a grant total of $68,574 U.S. Dollars at an average price-per-share of $5.5. The probability of this deal remaining unnoticed is very low as it’s new, with the director now holding 145,653 shares – that is 0.67% of Prgx Global Inc’s market capitalization.
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 1.20, from 2.29 in 2016Q1. The ratio dropped, as 6 funds sold all PRGX Global Inc shares owned while 8 reduced positions. 13 funds bought stakes while 19 increased positions. They now own 14.25 million shares or 5.06% more from 13.57 million shares in 2016Q1.
Geode Capital Mngmt Ltd last reported 0% of its portfolio in the stock. Gsa Cap Prtnrs Llp holds 0.01% of its portfolio in PRGX Global Inc (NASDAQ:PRGX) for 28,630 shares. Blackrock holds 0% of its portfolio in PRGX Global Inc (NASDAQ:PRGX) for 6,115 shares. Grt Capital Partners Ltd Liability Corp holds 0.03% of its portfolio in PRGX Global Inc (NASDAQ:PRGX) for 24,883 shares. Barclays Public Limited Liability Company holds 0% or 5,400 shares in its portfolio. Moreover, Schwab Charles Inv Mngmt Inc has 0% invested in PRGX Global Inc (NASDAQ:PRGX) for 11,000 shares. Wells Fargo And Mn has invested 0% of its portfolio in PRGX Global Inc (NASDAQ:PRGX). Cannell Capital Ltd Limited Liability Company holds 23,735 shares or 0.05% of its portfolio. Lsv Asset Mngmt accumulated 0% or 184,158 shares. State Street holds 12,180 shares or 0% of its portfolio. Nationwide Fund, a Pennsylvania-based fund reported 137,300 shares. Price T Rowe Associate Md has 0% invested in the company for 39,200 shares. Fuller And Thaler Asset Management Inc has invested 0.04% of its portfolio in PRGX Global Inc (NASDAQ:PRGX). Bridgeway Mngmt has 0.04% invested in the company for 491,839 shares. Rbf Limited Company holds 230,000 shares or 0.24% of its portfolio.
Insider Transactions: Since October 3, 2016, the stock had 3 buys, and 0 sales for $717,204 net activity. The insider HEADLANDS STRATEGIC OPPORTUNITIES FUND – LP (THE PARTNERSHIP) bought $408,954.
The stock decreased 0.92% or $0.05 on November 23, hitting $5.4. PRGX Global Inc (NASDAQ:PRGX) has risen 12.73% since April 22, 2016 and is uptrending. It has outperformed by 7.33% the S&P500.
PRGX Global, Inc. , together with its subsidiaries, provides recovery audit and spend analytics services. The company has a market cap of $116.66 million. The Firm provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. It has a 14.93 P/E ratio. The Firm operates through three divisions: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services.
According to Zacks Investment Research, “PRGX Global, Inc., formerly PRG-Schultz International, Inc., provides audit, analytics, and advisory services in order to improve client financial performance. The Company’s recovery audit services comprise taking client transaction data, transforming it for analysis, identification of errors, and working with vendors or providers to recover overpaid cash. It audits merchandise purchases, accounts payable, lease and property payments, telecom, freight, marketing and media expenses, taxes, import duties, and healthcare claims. The Company’s analytics services include fraud detection and prevention services, such as detecting, deterring, and preventing fraud; custom analytics services, including discovering the value of unstructured data; benchmarking services; and spend analytic services. Its advisory services consist of working capital optimization, enterprise cost reduction, finance transformation, and corporate performance management. The Company is headquartered in Atlanta, Georgia.”
Analysts await PRGX Global Inc (NASDAQ:PRGX) to report earnings on March, 7. They expect $0.05 EPS, down 73.68% or $0.14 from last year’s $0.19 per share. PRGX’s profit will be $1.08M for 27.00 P/E if the $0.05 EPS becomes a reality. After $0.10 actual EPS reported by PRGX Global Inc for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.
More notable recent PRGX Global Inc (NASDAQ:PRGX) news were published by: Streetinsider.com which released: “Form 4 PRGX GLOBAL, INC. For: Nov 22 Filed by: WHITTERS JOSEPH E” on November 25, 2016, also Globenewswire.com with their article: “PRGX Global, Inc. Announces Second Quarter 2016 Financial Results” published on July 26, 2016, Globenewswire.com published: “PRGX Global, Inc. Announces Appointment of New Vice President â€“ Analytics ..” on June 24, 2016. More interesting news about PRGX Global Inc (NASDAQ:PRGX) were released by: Globenewswire.com and their article: “PRGX Global, Inc. Announces Appointment of New Senior Vice President â€“ Growth ..” published on May 09, 2016 as well as Globenewswire.com‘s news article titled: “PRGX Global, Inc. Announces Third Quarter 2016 Financial Results” with publication date: October 27, 2016.
PRGX Global, Inc. (PRGX), incorporated on January 24, 1996, together with its subsidiaries, provides recovery audit and spend analytics services. The Firm provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. The Firm operates through three divisions: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services. PRGX uses advanced information systems and processes and a technology infrastructure to conduct its audits of clients’ payment transactions.
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