Perficient, Inc. (PRFT) Holdings Increased by Rothschild & Co. Asset Management US Inc.

Rothschild & Co. Asset Management US Inc. raised its position in shares of Perficient, Inc. (NASDAQ:PRFT) by 1.1% in the first quarter, HoldingsChannel.com reports. The firm owned 332,305 shares of the digital transformation consultancy’s stock after purchasing an additional 3,742 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Perficient were worth $9,102,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Mason Street Advisors LLC increased its position in Perficient by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 10,654 shares of the digital transformation consultancy’s stock valued at $292,000 after purchasing an additional 349 shares during the period. Public Employees Retirement System of Ohio increased its position in Perficient by 51.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,238 shares of the digital transformation consultancy’s stock valued at $28,000 after purchasing an additional 421 shares during the period. Rhumbline Advisers increased its position in Perficient by 0.5% during the 1st quarter. Rhumbline Advisers now owns 100,199 shares of the digital transformation consultancy’s stock valued at $2,744,000 after purchasing an additional 475 shares during the period. Arizona State Retirement System increased its position in Perficient by 1.2% during the 4th quarter. Arizona State Retirement System now owns 51,100 shares of the digital transformation consultancy’s stock valued at $1,137,000 after purchasing an additional 603 shares during the period. Finally, First Trust Advisors LP increased its position in Perficient by 1.7% during the 4th quarter. First Trust Advisors LP now owns 39,840 shares of the digital transformation consultancy’s stock valued at $887,000 after purchasing an additional 650 shares during the period. 91.78% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Jeffrey S. Davis sold 42,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $28.17, for a total transaction of $1,183,140.00. Following the completion of the sale, the chairman now owns 471,573 shares of the company’s stock, valued at approximately $13,284,211.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey S. Davis sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $29.62, for a total transaction of $26,658.00. Following the sale, the chief executive officer now directly owns 532,389 shares of the company’s stock, valued at approximately $15,769,362.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 320,357 shares of company stock valued at $9,388,058. Insiders own 2.90% of the company’s stock.

Shares of PRFT stock opened at $31.80 on Friday. The company has a market cap of $1.05 billion, a PE ratio of 26.28, a P/E/G ratio of 2.05 and a beta of 0.96. Perficient, Inc. has a 52 week low of $20.92 and a 52 week high of $32.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.82 and a quick ratio of 2.82.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings data on Thursday, May 2nd. The digital transformation consultancy reported $0.43 EPS for the quarter, topping the consensus estimate of $0.31 by $0.12. The company had revenue of $133.82 million during the quarter, compared to the consensus estimate of $131.10 million. Perficient had a net margin of 5.21% and a return on equity of 11.50%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. On average, sell-side analysts expect that Perficient, Inc. will post 1.44 earnings per share for the current fiscal year.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Perficient from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BidaskClub raised shares of Perficient from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Maxim Group reaffirmed a “buy” rating and set a $37.00 price objective on shares of Perficient in a research report on Wednesday, April 24th. Finally, Barrington Research reaffirmed a “buy” rating and set a $33.00 price objective on shares of Perficient in a research report on Wednesday, February 27th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $33.00.

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Perficient Profile

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, commerce, content management, 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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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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