Perficient, Inc. (PRFT) Director Gary Wimberly Purchases 861 Shares

Perficient, Inc. (NASDAQ:PRFT) Director Gary Wimberly acquired 861 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of $28.86 per share, with a total value of $24,848.46. Following the completion of the transaction, the director now directly owns 8,182 shares in the company, valued at $236,132.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Perficient stock traded up $0.01 during trading on Friday, hitting $28.68. 281,472 shares of the company were exchanged, compared to its average volume of 227,888. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.38 and a quick ratio of 2.38. Perficient, Inc. has a fifty-two week low of $20.92 and a fifty-two week high of $31.09. The company has a market capitalization of $955.44 million, a P/E ratio of 23.70, a P/E/G ratio of 2.18 and a beta of 0.95.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Tuesday, February 26th. The digital transformation consultancy reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.07. The firm had revenue of $131.70 million during the quarter, compared to the consensus estimate of $128.35 million. Perficient had a return on equity of 11.23% and a net margin of 4.93%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. As a group, research analysts expect that Perficient, Inc. will post 1.29 EPS for the current fiscal year.

PRFT has been the subject of several research reports. Jefferies Financial Group initiated coverage on Perficient in a research report on Tuesday, November 20th. They set a “buy” rating and a $30.00 price objective for the company. Zacks Investment Research upgraded Perficient from a “sell” rating to a “hold” rating in a research report on Thursday, November 29th. BidaskClub upgraded Perficient from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. Maxim Group restated a “buy” rating and set a $34.00 price objective on shares of Perficient in a research report on Friday, February 15th. Finally, Barrington Research restated a “buy” rating and set a $33.00 price objective on shares of Perficient in a research report on Wednesday, February 27th. Eight analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $32.17.

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its stake in Perficient by 51.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,238 shares of the digital transformation consultancy’s stock worth $28,000 after acquiring an additional 421 shares during the period. First Quadrant L P CA purchased a new stake in Perficient in the 4th quarter worth approximately $68,000. LS Investment Advisors LLC grew its stake in Perficient by 581.9% in the 4th quarter. LS Investment Advisors LLC now owns 7,099 shares of the digital transformation consultancy’s stock worth $158,000 after acquiring an additional 6,058 shares during the period. Engineers Gate Manager LP purchased a new stake in Perficient in the 3rd quarter worth approximately $205,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Perficient in the 3rd quarter worth approximately $221,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

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About Perficient

Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.

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