The New Wellington Management Group Llp Holding in Prgx Global, Inc
Wellington Management Group Llp filed with the SEC SC 13G form for Prgx Global, Inc. The form can be accessed here: 000090221916001241. As reported in Wellington Management Group Llp’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 for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Wellington Management Group Llp’s positive view for the stock. For a institutional investor managing $826.00 billion in assets and having 1540+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
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.
Wellington Management Group Llp website.
Insitutional Activity: The institutional sentiment increased to 2.29 in Q2 2016. Its up 1.16, from 1.13 in 2016Q1. The ratio is positive, 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.
Jacobs Levy Equity reported 53,758 shares or 0.01% of all its holdings. Hcsf Llc has 2.77M shares for 11.11% of their US portfolio. Gsa Prns Llp holds 28,630 shares or 0.01% of its portfolio. Jpmorgan Chase And has invested 0% of its portfolio in PRGX Global Inc (NASDAQ:PRGX). Rbf Limited Company, a California-based fund reported 230,000 shares. Vanguard Group Inc last reported 1.21M shares in the company. Sei Invests owns 368 shares or 0% of their US portfolio. Wellington Mgmt Gp Llp has 1.24M shares for 0% of their US portfolio. Panagora Asset Mngmt has 0% invested in the company for 3,842 shares. Schwab Charles Inc holds 0% or 11,000 shares in its portfolio. Wells Fargo & Communication Mn accumulated 56,680 shares or 0% of the stock. Grt Cap Prns Limited Co owns 24,883 shares or 0.03% of their US portfolio. Mufg Americas Corporation last reported 0% of its portfolio in the stock. Ironwood Fincl holds 400 shares or 0% of its portfolio. The Illinois-based Lsv Asset Management has invested 0% in PRGX Global Inc (NASDAQ:PRGX).
Insider Transactions: Since October 3, 2016, the stock had 2 insider purchases, and 0 insider sales for $514,704 net activity. The insider HEADLANDS STRATEGIC OPPORTUNITIES FUND – LP (THE PARTNERSHIP) bought 22,500 shares worth $105,750.
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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