OxFORD Asset Management LLP boosted its holdings in shares of Perficient, Inc. (NASDAQ:PRFT) by 100.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,714 shares of the information technology services provider’s stock after purchasing an additional 46,427 shares during the quarter. OxFORD Asset Management LLP owned about 0.26% of Perficient worth $1,728,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Texas Permanent School Fund raised its stake in Perficient by 0.4% during the second quarter. Texas Permanent School Fund now owns 25,735 shares of the information technology services provider’s stock valued at $480,000 after purchasing an additional 91 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Perficient by 1.9% during the first quarter. Thrivent Financial For Lutherans now owns 19,910 shares of the information technology services provider’s stock valued at $346,000 after acquiring an additional 380 shares during the last quarter. Mason Street Advisors LLC increased its position in Perficient by 5.1% during the first quarter. Mason Street Advisors LLC now owns 8,282 shares of the information technology services provider’s stock valued at $144,000 after acquiring an additional 403 shares during the last quarter. Virtu KCG Holdings LLC increased its position in Perficient by 2.9% during the second quarter. Virtu KCG Holdings LLC now owns 14,560 shares of the information technology services provider’s stock valued at $271,000 after acquiring an additional 408 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Perficient by 10.8% during the first quarter. BNP Paribas Arbitrage SA now owns 6,521 shares of the information technology services provider’s stock valued at $113,000 after acquiring an additional 637 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors.
Shares of Perficient, Inc. (NASDAQ PRFT) opened at 19.72 on Monday. Perficient, Inc. has a 52 week low of $14.15 and a 52 week high of $19.95. The stock’s 50 day moving average is $18.51 and its 200-day moving average is $17.80. The firm has a market cap of $692.51 million, a PE ratio of 47.86 and a beta of 0.89.
Perficient (NASDAQ:PRFT) last posted its earnings results on Thursday, August 3rd. The information technology services provider reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $117.00 million for the quarter, compared to analyst estimates of $119.21 million. Perficient had a return on equity of 7.42% and a net margin of 3.08%. Perficient’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. On average, equities analysts predict that Perficient, Inc. will post $1.23 EPS for the current fiscal year.
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In related news, insider Jeffrey S. Davis sold 2,542 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $19.92, for a total transaction of $50,636.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Paul E. Martin sold 20,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $19.37, for a total value of $387,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,742 shares of company stock worth $834,881. Corporate insiders own 3.70% of the company’s stock.
A number of research firms have recently commented on PRFT. Zacks Investment Research cut shares of Perficient from a “buy” rating to a “hold” rating in a report on Saturday. Maxim Group set a $20.00 target price on shares of Perficient and gave the stock a “buy” rating in a report on Saturday, June 24th. Finally, BidaskClub lowered shares of Perficient from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $20.67.
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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