Trexquant Investment LP Purchases Shares of 12,922 Perficient, Inc. (PRFT)

Share on StockTwits

Trexquant Investment LP purchased a new stake in shares of Perficient, Inc. (NASDAQ:PRFT) during the third quarter, Holdings Channel reports. The firm purchased 12,922 shares of the digital transformation consultancy’s stock, valued at approximately $344,000.

Several other hedge funds have also recently added to or reduced their stakes in PRFT. Advisors Asset Management Inc. grew its position in Perficient by 2,633.4% during the second quarter. Advisors Asset Management Inc. now owns 221,488 shares of the digital transformation consultancy’s stock valued at $114,000 after purchasing an additional 213,385 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in Perficient during the second quarter valued at approximately $179,000. Engineers Gate Manager LP purchased a new position in Perficient during the third quarter valued at approximately $205,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Perficient during the third quarter valued at approximately $221,000. Finally, Aperio Group LLC purchased a new position in Perficient during the second quarter valued at approximately $243,000. Institutional investors and hedge funds own 86.29% of the company’s stock.

PRFT stock opened at $23.71 on Friday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $813.95 million, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.86 and a beta of 0.80. Perficient, Inc. has a 12 month low of $18.23 and a 12 month high of $31.09.

Perficient (NASDAQ:PRFT) last posted its earnings results on Thursday, November 1st. The digital transformation consultancy reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The company had revenue of $123.90 million during the quarter, compared to the consensus estimate of $124.91 million. Perficient had a net margin of 4.70% and a return on equity of 10.69%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, equities research analysts predict that Perficient, Inc. will post 1.17 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Perficient from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Barrington Research assumed coverage on shares of Perficient in a research report on Wednesday, October 10th. They set an “outperform” rating and a $31.00 price objective on the stock. SunTrust Banks boosted their price objective on shares of Perficient to $33.00 and gave the company a “buy” rating in a research report on Friday, September 14th. Zacks Investment Research raised shares of Perficient from a “sell” rating to a “hold” rating in a research report on Thursday, November 29th. Finally, Jefferies Financial Group assumed coverage on shares of Perficient in a research report on Tuesday, November 20th. They set a “buy” rating and a $30.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Perficient presently has a consensus rating of “Buy” and an average price target of $30.83.

In other Perficient news, Director James R. Kackley bought 1,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was bought at an average cost of $25.16 per share, with a total value of $25,160.00. Following the completion of the transaction, the director now directly owns 41,019 shares of the company’s stock, valued at approximately $1,032,038.04. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.70% of the company’s stock.

WARNING: “Trexquant Investment LP Purchases Shares of 12,922 Perficient, Inc. (PRFT)” was reported by BBNS and is the sole property of of BBNS. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://baseballnewssource.com/2018/12/08/trexquant-investment-lp-purchases-shares-of-12922-perficient-inc-prft/3065436.html.

Perficient Company 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, 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.

See Also: 52-Week High/Low

Want to see what other hedge funds are holding PRFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perficient, Inc. (NASDAQ:PRFT).

Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

Receive News & Ratings for Perficient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perficient and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.