Stock events for Resources Connection, Inc. (RGP)
RGP's stock has been impacted by financial performance and insider trading. The company reported a first-quarter fiscal 2026 revenue decline but a narrowed net loss and improved gross margin. Second-quarter fiscal 2025 results showed a revenue decline and a net loss including a non-cash goodwill impairment charge. Fourth-quarter and full fiscal year 2024 results also indicated revenue declines due to a tepid demand environment. CEO Kate W. Duchene acquired shares, while other insiders sold shares. Weiss Ratings reiterated a "Sell (D-)" rating for Resources Connection.
Demand Seasonality affecting Resources Connection, Inc.’s stock price
Demand for Resources Connection, Inc.'s services is influenced by macroeconomic conditions and client investment cycles. The company has noted a tepid demand environment due to economic trends, leading to cautious spending by clients. Historically, the first and second quarters of the fiscal year have been strong, but the company has experienced choppy demand due to global economic uncertainty. RGP is expanding its offerings to incorporate AI and automation to drive growth.
Overview of Resources Connection, Inc.’s business
Resources Connection, Inc. (RGP) is a professional services firm providing consulting services globally under the Resources Global Professionals (RGP) name. It operates in the Commercial Services sector, offering services through engagement brands like On-Demand by RGP, Veracity by RGP, and Countsy by RGP. The company's major services include consulting in finance & accounting, information management, governance, risk & compliance, human capital, legal & regulatory, corporate advisory & restructuring, strategic communications, supply chain management, technology, and digital transformation.
RGP’s Geographic footprint
Resources Connection, Inc. has a global presence, providing consulting services in North America, Europe, and the Asia Pacific region. As of February 2025, RGP engages with approximately 1,700 clients worldwide from 42 physical practice offices and multiple virtual offices. The company's headquarters are located in Dallas, Texas.
RGP Corporate Image Assessment
Resources Connection, Inc. has received recognition for its workplace and consulting services, including accolades from U.S. News & World Report and Forbes. The company highlights its service to 88% of the Fortune 100. However, concerns have been raised regarding the company's financial performance and strategic direction, with some articles suggesting it has failed to deliver a turnaround and criticizing its reliance on buzzwords. Declining revenue and stock performance have also been noted due to increased competition and the rise of AI.
Ownership
Institutional investors and hedge funds own a significant portion of Resources Connection, Inc. stock, accounting for 93.23% of the ownership. Major institutional owners include Royce & Associates LP and Russell Investments Group Ltd. Other institutional investors have recently increased their positions. Individual ownership accounts for 3.91% of the stock, with CEO Kate W. Duchene being a notable individual owner. Circumference Group is also a significant shareholder.
Ask Our Expert AI Analyst
Price Chart
$4.40
