Performant Financial CorpPFMT
Market Cap: $283M
About: Performant Financial Corp provides technology-enabled recovery and related analytics services in the United States. The company provides its services on an outsourced basis where it handles many or all aspects of its clients' recovery processes. It uses technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. The services are offered across a broad range of government and private clients in several markets. The revenue generated here is generally on success-based as it earns fees based on a percentage of the aggregate amount of funds that it enables the clients to recover.
Employees: 958
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
8% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 24
0.29% more ownership
Funds ownership: 74.73% [Q1] → 75.02% (+0.29%) [Q2]
1% less capital invested
Capital invested by funds: $169M [Q1] → $167M (-$1.52M) [Q2]
8% less funds holding
Funds holding: 74 [Q1] → 68 (-6) [Q2]
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
B. Riley Securities Kyle Bauser 0% 1-year accuracy 0 / 3 met price target | 118%upside $8 | Buy Initiated | 25 Jul 2024 |
Financial journalist opinion
Based on 4 articles about PFMT published over the past 30 days