Performant Financial CorpPFMT
Market Cap: 275M
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 Q1 SEC filings by fund managers ($100M+ AUM)
117% more call options, than puts
Call options by funds: $13K | Put options by funds: $6K
60% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 20
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
1% more funds holding
Funds holding: 73 [Q4 2023] → 74 (+1) [Q1 2024]
0.3% more ownership
Funds ownership: 74.28% [Q4 2023] → 74.58% (+0.3%) [Q1 2024]
5% less capital invested
Capital invested by funds: $178M [Q4 2023] → $169M (-$9.71M) [Q1 2024]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q4 2023] → 2 (-1) [Q1 2024]
Research analyst outlook
1 Wall Street Analyst provided 1 year price forecasts over the past 6 months
1 analyst rating
B. Riley Securities Kyle Bauser | 123%upside $8 | Buy Initiated | 25 Jul 2024 |