Zacks Investment Research downgraded shares of PRGX GLOBAL INC (PRGX) from OUTPERFORM to NEUTRAL on November 02, 2012, with a target price of $9.40.
PRGX Global, Inc., formerly PRG-Schultz International, Inc., provides audit, analytics, and advisory services in order to improve client financial performance. The Company's recovery audit services comprise taking client transaction data, transforming it for analysis, identification of errors, and working with vendors or providers to recover overpaid cash. It audits merchandise purchases, accounts payable, lease and property payments, telecom, freight, marketing and media expenses, taxes, import duties, and healthcare claims. The Company's analytics services include fraud detection and prevention services, such as detecting, deterring, and preventing fraud custom analytics services, including discovering the value of unstructured data benchmarking services and spend analytic services. Its advisory services consist of working capital optimization, enterprise cost reduction, finance transformation, and corporate performance management. The Company is headquartered in Atlanta, Georgia.
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