The New Wellington Trust Co N A Holding in Prgx Global, Inc
Wellington Trust Co N A filed with the SEC SC 13G form for Prgx Global, Inc. The form can be accessed here: 000090221916001244. As reported in Wellington Trust Co N A’s form, the filler as of late owns 10.11% or 2,207,300 shares of the Industrials–company.
Prgx Global, Inc stake is a new one for the and it was filed because of activity on October 31, 2016. We feel this shows Wellington Trust Co N A’s positive view for the stock.
Prgx Global, Inc Institutional Sentiment
Latest Security and Exchange filings show 63 investors own Prgx Global, Inc. The institutional ownership in Q3 2015 is high, at 69.30% of the outstanding shares. This is decreased by 4190555 the total institutional shares. 15106927 were the shares owned by these institutional investors. In total 7 funds opened new Prgx Global, Inc stakes, 17 increased stakes. There were 17 that closed positions and 31 reduced them.
Adirondack Research & Management Inc is an institutional investor bullish on Prgx Global, Inc, owning 302279 shares as of Q3 2015 for 0.44% of its portfolio. First Wilshire Securities Management Inc owns 517679 shares or 0.51% of its portfolio. CT Ns Advisors Llc have 2.82% of their stock portfolio for 724375 shares. Further, Keane Capital Management Inc reported stake worth 1.90% of its US stock portfolio. The CA Hcsf Management Llc owns 2083766 shares. Prgx Global, Inc is 8.30% of the manager’s US portfolio.
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. The Recovery Audit Services-Americas segment represents recovery audit services the Company provides in the United States, Canada and Latin America. The Recovery Audit Services-Europe/Asia-Pacific segment represents recovery audit services it provides in Europe, Asia and the Pacific region. The Adjacent Services segment includes spend analytics (data transformation and cost harmonization), Supplier Information Management (SIM) and Chartered Institute of Purchasing & Supply (CIPS) Sustainability Index (CSI).
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Insitutional Activity: The institutional sentiment increased to 2.29 in Q2 2016. Its up 1.16, from 1.13 in 2016Q1. The ratio increased, 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.
Royal State Bank Of Canada holds 0% of its portfolio in PRGX Global Inc (NASDAQ:PRGX) for 38,464 shares. Federated Investors Pa reported 408 shares or 0% of all its holdings. Moreover, Gsa Partners Ltd Liability Partnership has 0.01% invested in PRGX Global Inc (NASDAQ:PRGX) for 28,630 shares. Grt Cap Prtnrs Ltd Llc accumulated 0.03% or 24,883 shares. Lsv Asset Management accumulated 184,158 shares or 0% of the stock. Hcsf Mgmt Limited Liability Company last reported 11.11% of its portfolio in the stock. Acadian Asset Mgmt Ltd accumulated 0.02% or 827,243 shares. Fuller And Thaler Asset Mngmt has 415,200 shares for 0.04% of their US portfolio. Barclays Public Ltd Liability Corp, a United Kingdom-based fund reported 5,400 shares. Panagora Asset Mngmt, a Massachusetts-based fund reported 3,842 shares. Renaissance Techs Limited Co has 1.61 million shares for 0.02% of their US portfolio. Deutsche Commercial Bank Ag accumulated 31,096 shares or 0% of the stock. Northern Tru Corp holds 0% or 41,797 shares in its portfolio. Moreover, Commercial Bank Of America De has 0% invested in PRGX Global Inc (NASDAQ:PRGX) for 1,605 shares. Wells Fargo & Mn reported 56,680 shares or 0% of all its holdings.
Insider Transactions: Since October 3, 2016, the stock had 2 buys, and 0 insider sales for $514,704 net activity. $408,954 worth of PRGX Global Inc (NASDAQ:PRGX) shares were bought by HEADLANDS STRATEGIC OPPORTUNITIES FUND – LP (THE PARTNERSHIP).
About 146,190 shares traded hands or 383.69% up from the average. PRGX Global Inc (NASDAQ:PRGX) has declined 4.71% since April 8, 2016 and is downtrending. It has underperformed by 10.36% the S&P500.
PRGX Global, Inc. , together with its subsidiaries, provides recovery audit and spend analytics services. The company has a market cap of $99.31 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 12.72 P/E ratio. The Firm operates through three divisions: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services.
More notable recent PRGX Global Inc (NASDAQ:PRGX) news were published by: Globenewswire.com which released: “PRGX Global, Inc. Announces Second Quarter 2016 Financial Results” on July 26, 2016, also Globenewswire.com with their article: “PRGX Global, Inc. Announces Appointment of New Vice President â€“ Analytics …” published on June 24, 2016, Globenewswire.com published: “PRGX Global, Inc. Announces Third Quarter 2016 Financial Results” on October 27, 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. to Hold First Quarter 2016 Financial Results Call on April …” with publication date: April 25, 2016.
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.”
PRGX Company Profile
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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