Schroder Investment Management Group lessened its stake in shares of RPX Corp (NASDAQ:RPXC) by 62.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,800 shares of the business services provider’s stock after selling 82,846 shares during the period. Schroder Investment Management Group owned 0.10% of RPX worth $675,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in RPXC. California Public Employees Retirement System grew its holdings in RPX by 13.0% during the first quarter. California Public Employees Retirement System now owns 57,300 shares of the business services provider’s stock valued at $688,000 after purchasing an additional 6,600 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of RPX by 5.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 219,834 shares of the business services provider’s stock worth $2,639,000 after acquiring an additional 11,904 shares during the last quarter. Aperio Group LLC grew its stake in shares of RPX by 8.7% in the second quarter. Aperio Group LLC now owns 39,587 shares of the business services provider’s stock worth $552,000 after acquiring an additional 3,162 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of RPX by 2,073.6% in the second quarter. Russell Investments Group Ltd. now owns 398,444 shares of the business services provider’s stock worth $5,559,000 after acquiring an additional 380,113 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its stake in shares of RPX by 3.5% in the second quarter. Pacific Ridge Capital Partners LLC now owns 77,140 shares of the business services provider’s stock worth $1,076,000 after acquiring an additional 2,610 shares during the last quarter. Institutional investors own 89.69% of the company’s stock.
In other RPX news, CFO David James Anderson sold 5,000 shares of RPX stock in a transaction on Monday, November 20th. The shares were sold at an average price of $12.80, for a total transaction of $64,000.00. Following the sale, the chief financial officer now owns 26,981 shares in the company, valued at $345,356.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.52% of the stock is owned by insiders.
RPX (NASDAQ:RPXC) last announced its quarterly earnings data on Monday, October 30th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. RPX 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 the consensus estimate of $82.70 million. During the same quarter last year, the company posted $0.25 earnings per share. RPX’s quarterly revenue was down 3.2% on a year-over-year basis. research analysts expect that RPX Corp will post 0.53 EPS for the current year.
The firm also recently declared a Not Available dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, November 17th. RPX’s dividend payout ratio is currently 13.51%.
Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of RPX from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of RPX from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird restated a “buy” rating and issued a $15.00 price objective on shares of RPX in a research note on Wednesday, November 1st. Finally, Barclays raised their price objective on shares of RPX from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.00.
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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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