Rice Hall James & Associates LLC increased its stake in Perficient, Inc. (NASDAQ:PRFT) by 54.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,427 shares of the digital transformation consultancy’s stock after buying an additional 53,705 shares during the period. Rice Hall James & Associates LLC owned about 0.43% of Perficient worth $2,998,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Perficient by 31.1% in the first quarter. Victory Capital Management Inc. now owns 6,860 shares of the digital transformation consultancy’s stock worth $119,000 after buying an additional 1,629 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Perficient by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 6,942 shares of the digital transformation consultancy’s stock valued at $129,000 after purchasing an additional 3,032 shares during the last quarter. Simplex Trading LLC increased its stake in Perficient by 4,251.0% during the third quarter. Simplex Trading LLC now owns 8,702 shares of the digital transformation consultancy’s stock valued at $171,000 after purchasing an additional 8,502 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Perficient by 66.4% during the second quarter. BNP Paribas Arbitrage SA now owns 10,851 shares of the digital transformation consultancy’s stock valued at $202,000 after purchasing an additional 4,330 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new stake in Perficient during the second quarter valued at $206,000. Institutional investors and hedge funds own 74.75% of the company’s stock.
Perficient, Inc. (NASDAQ PRFT) traded up $0.20 during mid-day trading on Friday, reaching $18.69. 214,900 shares of the company traded hands, compared to its average volume of 100,515. The firm has a market capitalization of $652.43, a P/E ratio of 21.48 and a beta of 0.85. Perficient, Inc. has a 1-year low of $16.20 and a 1-year high of $20.22. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.18.
Perficient (NASDAQ:PRFT) last posted its quarterly earnings data on Thursday, November 2nd. The digital transformation consultancy reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Perficient had a net margin of 3.36% and a return on equity of 8.05%. The business had revenue of $123.70 million during the quarter, compared to the consensus estimate of $127.51 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. sell-side analysts expect that Perficient, Inc. will post 0.93 EPS for the current fiscal year.
In other Perficient news, Chairman Jeffrey S. Davis sold 39,023 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $20.04, for a total transaction of $782,020.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey S. Davis sold 2,542 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $19.92, for a total value of $50,636.64. The disclosure for this sale can be found here. Insiders sold a total of 80,947 shares of company stock valued at $1,600,402 over the last three months. 3.70% of the stock is owned by corporate insiders.
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PRFT has been the subject of several recent research reports. Maxim Group set a $20.00 target price on shares of Perficient and gave the company a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Perficient from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Perficient currently has a consensus rating of “Buy” and a consensus target price of $21.33.
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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