Ian Johnston - Performant Financial President

PFMT Stock  USD 2.68  0.09  3.25%   

President

Mr. Ian A. Johnston serves as Acting Principal Financial officer, Chief Accounting Officer, Vice President of the Company, effective April 6, 2017. Prior to appointment as Vice President and Chief Accounting Officer, Mr. Johnston served as the Companys Corporationrationrate Controller since 2005 since 2017.
Age 69
Tenure 7 years
Professional MarksMBA
Address 900 South Pine Island Road, Plantation, FL, United States, 33324
Phone925-960-4800
Webhttps://performantcorp.com
Johnston has 30 years of experience in a variety of industries, including service as Vice President and Corporationrationrationrate Controller of InVision Technologies, Inc., a manufacturer of airport security screening devices, and Corporationrationrationrate Controller of CardioGenesis Corporationrationrationration, a medical device company. He received his Certified Public Accountant accreditation in California, and received a Bachelor’s Degree in Economics and an MBA from the University of California, Berkeley.

Performant Financial Management Efficiency

The company has return on total asset (ROA) of (0.0352) % which means that it has lost $0.0352 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.091) %, meaning that it created substantial loss on money invested by shareholders. Performant Financial's management efficiency ratios could be used to measure how well Performant Financial manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to -0.14 in 2024. Return On Capital Employed is likely to gain to -0.07 in 2024. Liabilities And Stockholders Equity is likely to gain to about 138.5 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 11.8 M in 2024.
The company currently holds 5.54 M in liabilities with Debt to Equity (D/E) ratio of 0.26, which may suggest the company is not taking enough advantage from borrowing. Performant Financial has a current ratio of 3.75, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Performant Financial until it has trouble settling it off, either with new capital or with free cash flow. So, Performant Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Performant Financial sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Performant to invest in growth at high rates of return. When we think about Performant Financial's use of debt, we should always consider it together with cash and equity.

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Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. Performant Financial Corporation was founded in 1976 and is headquartered in Livermore, California. Performant Financial operates under Specialty Business Services classification in the United States and is traded on NASDAQ Exchange. It employs 929 people. Performant Financial (PFMT) is traded on NASDAQ Exchange in USA. It is located in 900 South Pine Island Road, Plantation, FL, United States, 33324 and employs 958 people. Performant Financial is listed under Commercial Services & Supplies category by Fama And French industry classification.

Management Performance

Performant Financial Leadership Team

Elected by the shareholders, the Performant Financial's board of directors comprises two types of representatives: Performant Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Performant. The board's role is to monitor Performant Financial's management team and ensure that shareholders' interests are well served. Performant Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Performant Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Hakan Orvell, CFO and Secretary
Amanda Purvis, Senior Innovation
Richard Zubek, Investor Professional
William Hansen, Independent Director
Ian Johnston, Acting Principal Financial officer, Chief Accounting Officer, Vice President
Marlene MullenClayton, Chief Director
Jeffrey Stein, Director
Melissa Christ, Chief Officer
Todd Ford, Independent Director
Rohit Ramchandani, Chief Officer
Bruce Hansen, Independent Director
Scott Putnam, Vice Sales
CFA CFP, VP Technology
Simeon Kohl, CEO Director
Michael Feid, Senior Recovery
Jeffrey Haughton, COO
Bradley Fluegel, Independent Director
Christian Bass, Senior Integrity
Brian Golson, Independent Director
Jon Bozzuto, Head Relations
Harold Leach, Chief Officer
Lisa Im, Executive Secretary

Performant Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Performant Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Performant Financial is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Performant Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Performant Financial Stock. Highlighted below are key reports to facilitate an investment decision about Performant Financial Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Performant Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Performant Stock please use our How to Invest in Performant Financial guide.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Performant Financial's price analysis, check to measure Performant Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Performant Financial is operating at the current time. Most of Performant Financial's value examination focuses on studying past and present price action to predict the probability of Performant Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Performant Financial's price. Additionally, you may evaluate how the addition of Performant Financial to your portfolios can decrease your overall portfolio volatility.
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Is Performant Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Performant Financial. If investors know Performant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Performant Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.10)
Revenue Per Share
1.494
Quarterly Revenue Growth
0.114
Return On Assets
(0.04)
Return On Equity
(0.09)
The market value of Performant Financial is measured differently than its book value, which is the value of Performant that is recorded on the company's balance sheet. Investors also form their own opinion of Performant Financial's value that differs from its market value or its book value, called intrinsic value, which is Performant Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Performant Financial's market value can be influenced by many factors that don't directly affect Performant Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Performant Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Performant Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Performant Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.