Parametric Portfolio Associates LLC increased its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 201.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,116 shares of the digital transformation consultancy’s stock after buying an additional 76,207 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.32% of Perficient worth $2,127,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Texas Permanent School Fund grew its stake in Perficient by 0.4% during the 2nd quarter. Texas Permanent School Fund now owns 25,735 shares of the digital transformation consultancy’s stock worth $480,000 after buying an additional 91 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Perficient by 1.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 19,910 shares of the digital transformation consultancy’s stock worth $346,000 after buying an additional 380 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in Perficient by 1.6% during the 2nd quarter. Anchor Capital Advisors LLC now owns 63,854 shares of the digital transformation consultancy’s stock worth $1,190,000 after buying an additional 990 shares during the last quarter. Victory Capital Management Inc. grew its stake in Perficient by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,070 shares of the digital transformation consultancy’s stock worth $150,000 after buying an additional 1,210 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in Perficient by 3.4% during the 2nd quarter. Bessemer Group Inc. now owns 57,500 shares of the digital transformation consultancy’s stock worth $1,072,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 74.75% of the company’s stock.
In other Perficient news, CFO Paul E. Martin sold 13,300 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $19.36, for a total transaction of $257,488.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Jeffrey S. Davis sold 39,023 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $20.04, for a total value of $782,020.92. The disclosure for this sale can be found here. Insiders have sold a total of 80,947 shares of company stock valued at $1,600,402 in the last quarter. 3.70% of the stock is currently owned by insiders.
A number of research analysts recently commented on PRFT shares. Zacks Investment Research downgraded Perficient from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded Perficient from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Maxim Group set a $20.00 price objective on Perficient and gave the stock a “buy” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Perficient currently has an average rating of “Buy” and an average target price of $21.33.
Perficient, Inc. (PRFT) opened at $18.61 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.92 and a current ratio of 2.92. Perficient, Inc. has a 12-month low of $14.48 and a 12-month high of $20.22. The stock has a market capitalization of $643.71, a price-to-earnings ratio of 21.19 and a beta of 0.85.
Perficient (NASDAQ:PRFT) last announced its quarterly earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.34. Perficient had a return on equity of 8.05% and a net margin of 3.36%. The company had revenue of $123.70 million during the quarter, compared to analyst estimates of $127.51 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. sell-side analysts expect that Perficient, Inc. will post 0.93 earnings per share for the current fiscal year.
Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.
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