Ronald E. Stewart, CEO & President of PRGX Global, Inc., bought 10,000 shares of PRGX Global (Stock Symbol: PRGX).
PRGX Global announced its latest quarterly and annual results. Q4 2013 Recovery Audit Services — Americas revenue of $30.7M, an increase of 2.2% over Q4 2012. Americas Adjusted EBITDA of $10.8M, an increase of 12.6% over Q4 2012. Adjusted EBITDA as a percentage of revenue increased from 14.75% in FY 2012 to 15.0% in FY 2013 on declining revenue. Europe/Asia-Pacific revenue of $12.6M, an increase of 5.3% over Q3 2013 According to Capital IQ, PRGX Global has a market cap of $190.76 million, an enterprise value of $136.90 million, and trailing 12 month revenues of $195.22 million. PRGX Global, Inc., together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions.
The companys recovery audit services are based on the mining of clients purchasing data for overpayments to suppliers; and healthcare claims recovery audit services include the identification of overpayments and underpayments made to healthcare providers, such as hospitals and physicians practices. Its analytics and advisory services focuses on client functional and process areas and provides services to senior finance executives to optimize working capital, reduce enterprise costs, transform the finance function, and enhance corporate performance.
PRGX Global, Inc. serves retailers, such as discount, department, specialty, grocery, and drug stores, as well as wholesalers; business enterprises, including manufacturers, financial services firms, and pharmaceutical companies; private sector health insurance companies, and state and federal government payers; and federal and state government agencies. The company was formerly known as PRG-Schultz International, Inc. and changed its name to PRGX Global, Inc. in January 2010. PRGX Global, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia. Mr. Stewart is 58 years old.
According to his biography, Mr. Ronald E. Stewart is President, Chief Executive Officer, Director of PRGX Global Inc. Prior to serving as the Company’s interim President and Chief Executive Officer, Mr. Stewart has been involved in a number of entrepreneurial pursuits as a private equity investor. Prior to his current pursuits, Mr. Stewart was a senior partner with Accenture, holding a number of executive positions during his 30-year career at the firm. During his tenure, Mr. Stewart served as the global client partner for a number of Fortune 100 clients and led the firm’s retail and consumer goods practice in the eastern United States for a number of years. Mr. Stewart also led Accenture’s global transportation and travel industry program and served as the North America Managing Partner for the automotive, industrial manufacturing and transportation/travel industry groups. Mr. Stewart holds an M.B.A. in International Business from the University of Alabama and an undergraduate degree from Tulane University.
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