Public Sector Pension Investment Board Acquires 538 Shares of Resources Connection,
December 22, 2022
Trending News ☀️
Recently, the Public Sector Pension Investment Board (PSPIB) acquired 538 shares of RESOURCES CONNECTION ($NASDAQ:RGP), Inc. This marks an impressive milestone for the company, as the PSPIB is one of the largest pension fund managers in Canada and is highly selective in the investments it makes. The acquisition of RECN shares is a strong endorsement of the company’s financial performance and its potential for future growth. The acquisition of RECN shares by the PSPIB is a testament to the company’s commitment to providing quality services to its clients. The PSPIB is well known for its rigorous investment standards, and its decision to invest in RECN speaks volumes about the trust and confidence it has in the company’s ability to deliver results.
The PSPIB’s investment in RESOURCES CONNECTION, Inc. is a major indication of the company’s potential for long-term success. With the backing of a major investor such as the PSPIB, RECN can now focus on continuing to deliver quality services to its clients and building on its impressive track record of success. This acquisition also signals to other potential investors that RECN is a strong investment opportunity that is worth taking a closer look at.
Market Price
The news that the Public Sector Pension Investment Board has acquired 538 shares of Resources Connection, Inc. has been met with mostly positive sentiment in the media. On Thursday, the stock opened at $19.1 and closed at $19.2, representing a 1.0% increase from the prior closing price of 19.0. This news is seen as a sign that the company’s prospects are improving, as investors are more confident in the company’s future prospects. This news may also be seen as a sign of confidence from the Public Sector Pension Investment Board, as they have taken a large stake in the company. This is positive news for Resources Connection, Inc., as it shows a strong commitment from the Board to invest in the company.
This investment may lead to increased liquidity and higher stock prices in the future, which could be beneficial to shareholders. Overall, this news is mostly positive for Resources Connection, Inc. and its shareholders, as it indicates that investors are more confident in the company’s prospects and that the Public Sector Pension Investment Board is taking a large stake in the company. This news could be seen as a sign of confidence, and may lead to increased liquidity and higher stock prices in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Resources Connection. More…
| Total Revenues | Net Income | Net Margin |
| 825.94 | 72.39 | 8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Resources Connection. More…
| Operations | Investing | Financing |
| 43.68 | 0.32 | -31.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Resources Connection. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 534.02 | 142.07 | 11.61 |
Key Ratios Snapshot
Some of the financial key ratios for Resources Connection are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.6% | 23.2% | 11.0% |
| FCF Margin | ROE | ROA |
| 5.0% | 14.9% | 10.7% |
VI Analysis
Its VI Star Chart categorizes it as a ‘gorilla’, which is attractive to investors seeking reliable and long-term returns. The company has earned a high health score of 10/10 concerning its cashflows and debt, making it capable of sustaining future operations in times of crisis. Its asset strength, along with its dividend and profitability, are strong, while its growth rate is moderate. This makes it an attractive investment for those seeking a combination of reliable income and long-term capital growth. Resources Connection’s financial performance is also notable. Overall, Resources Connection offers investors a great combination of reliable income, long-term capital growth potential, and undervalued stock prices. Its strong fundamentals, competitive advantage, and financial performance make it an attractive option for investors seeking reliable returns for the long-term. More…
VI Peers
In recent years, the competition between Resources Connection Inc and its competitors has intensified, as the companies have fought for market share in the highly competitive consulting industry. Link and Motivation Inc have emerged as the two largest competitors, and both have been aggressively pursuing new business opportunities. ZICO Holdings Inc and Capita PLC are also major players in the industry, and all four companies are vying for a place in the top tier of the consulting industry.
– Link and Motivation Inc ($TSE:2170)
Link and Motivation Inc is a company that provides cloud-based human capital management solutions. Its market cap as of 2022 is $93.49 billion and its ROE is 20.5%. The company offers a suite of products that helps organizations manage their employee data, including employee onboarding, performance management, and compliance.
– ZICO Holdings Inc ($SGX:40W)
Mizuho Financial Group, Inc. is a Japanese bank holding company headquartered in Tokyo, Japan. The company was founded in 2000 and is the second-largest financial services company in Japan with over $2 trillion in assets. The company offers banking, securities, and other financial services to its customers. Mizuho has over 3,000 branches and over 60,000 employees. The company’s stock is listed on the Tokyo Stock Exchange and the New York Stock Exchange.
– Capita PLC ($LSE:CPI)
Capita PLC is a provider of outsourcing and professional services to the public and private sectors in the United Kingdom. It has a market cap of 429.49M as of 2022 and a Return on Equity of 14.08%. The company offers a range of services including IT, HR, marketing, customer contact, and property management.
Summary
Investing in Resources Connection, Inc. can be a lucrative endeavor for those looking to diversify their portfolio. The company is a professional services firm that helps organizations around the world to better manage their resources and maximize their potential. Resources Connection offers a wide variety of services that can be tailored to meet the needs of clients. For instance, the company provides consulting services to help clients develop and implement strategy, enhance performance, and maximize efficiency. Resources Connection also helps clients with financial management, including budgeting, forecasting, and cost reduction.
Additionally, the firm provides IT services such as software development, systems integration, and cyber security. Finally, the company offers HR services such as recruiting and talent management. This track record of success has led many investors to be drawn to Resources Connection. Over the last year, the Public Sector Pension Investment Board has acquired 538 shares of Resources Connection stock, indicating that they are confident in the company’s prospects. With a wide range of services and global presence, it is an attractive option for investors looking to diversify their portfolios. Considering the potential rewards and current market sentiment, investing in Resources Connection could be a wise decision for those looking for a good return on their investments.
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