Boston Partners Sells 1,405 Shares of Perficient, Inc. (NASDAQ:PRFT)

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Boston Partners lessened its holdings in Perficient, Inc. (NASDAQ:PRFT) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,792 shares of the digital transformation consultancy’s stock after selling 1,405 shares during the quarter. Boston Partners’ holdings in Perficient were worth $2,808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lisanti Capital Growth LLC bought a new stake in shares of Perficient in the 3rd quarter worth about $5,409,000. Boston Advisors LLC grew its holdings in shares of Perficient by 32.5% in the 3rd quarter. Boston Advisors LLC now owns 45,359 shares of the digital transformation consultancy’s stock worth $1,750,000 after purchasing an additional 11,134 shares during the last quarter. Mackay Shields LLC grew its holdings in shares of Perficient by 7.8% in the 3rd quarter. Mackay Shields LLC now owns 87,261 shares of the digital transformation consultancy’s stock worth $3,366,000 after purchasing an additional 6,300 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Perficient in the 3rd quarter worth about $5,088,000. Finally, Emerald Advisers LLC bought a new stake in shares of Perficient in the 3rd quarter worth about $4,728,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:PRFT opened at $42.28 on Monday. Perficient, Inc. has a 12 month low of $20.92 and a 12 month high of $43.28. The company’s 50-day moving average price is $39.57 and its two-hundred day moving average price is $36.06. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.39. The firm has a market cap of $1.40 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.21 and a beta of 0.79.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Thursday, November 7th. The digital transformation consultancy reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. Perficient had a net margin of 5.94% and a return on equity of 13.21%. The firm had revenue of $144.68 million for the quarter, compared to analyst estimates of $143.17 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue was up 16.7% on a year-over-year basis. As a group, equities analysts predict that Perficient, Inc. will post 1.65 earnings per share for the current fiscal year.

In other Perficient news, Director David S. Lundeen sold 8,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.96, for a total transaction of $343,680.00. Following the transaction, the director now directly owns 41,707 shares in the company, valued at approximately $1,791,732.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Several research firms have recently weighed in on PRFT. BidaskClub raised shares of Perficient from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th. William Blair assumed coverage on shares of Perficient in a report on Monday, September 9th. They issued an “outperform” rating on the stock. Barrington Research reissued a “buy” rating and set a $44.00 price objective on shares of Perficient in a report on Thursday, September 12th. Zacks Investment Research raised shares of Perficient from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, October 4th. Finally, National Securities assumed coverage on shares of Perficient in a report on Tuesday, October 22nd. They set a “buy” rating and a $46.00 price objective on the stock. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Perficient currently has an average rating of “Buy” and an average target price of $44.20.

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, 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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