RPX Corporation (NASDAQ:RPXC) announced a Not Available dividend on Monday, October 30th, Zacks reports. Stockholders of record on Monday, November 20th will be paid a dividend of 0.05 per share by the business services provider on Tuesday, December 5th. The ex-dividend date is Friday, November 17th.
RPX Corporation (NASDAQ RPXC) opened at $12.79 on Friday. RPX Corporation has a 52 week low of $10.20 and a 52 week high of $15.15. The company has a market cap of $633.44, a PE ratio of 26.10 and a beta of 1.41. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.16.
RPX Corporation (NASDAQ:RPXC) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. RPX Corporation had a net margin of 5.53% and a return on equity of 5.16%. The business had revenue of $85.70 million for the quarter, compared to analyst estimates of $82.70 million. During the same quarter in the prior year, the business earned $0.25 EPS. RPX Corporation’s quarterly revenue was down 3.2% on a year-over-year basis. equities analysts forecast that RPX Corporation will post 0.53 earnings per share for the current year.
In related news, CFO David James Anderson sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $12.98, for a total value of $64,900.00. Following the completion of the transaction, the chief financial officer now owns 12,756 shares of the company’s stock, valued at approximately $165,572.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Shelby W. Bonnie sold 16,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $12.53, for a total transaction of $200,480.00. Following the completion of the transaction, the director now directly owns 24,757 shares of the company’s stock, valued at approximately $310,205.21. The disclosure for this sale can be found here. Insiders have sold a total of 81,560 shares of company stock worth $1,030,632 in the last quarter. 3.52% of the stock is currently owned by company insiders.
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A number of brokerages recently commented on RPXC. BidaskClub lowered shares of RPX Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of RPX Corporation from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, August 8th. Barclays PLC increased their target price on shares of RPX Corporation from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 31st. Finally, Robert W. Baird restated a “buy” rating and set a $15.00 target price on shares of RPX Corporation in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.00.
RPX Corporation Company Profile
RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.
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