Airain ltd lifted its position in Perficient, Inc. (NASDAQ:PRFT) by 74.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,851 shares of the information technology services provider’s stock after purchasing an additional 7,631 shares during the quarter. Airain ltd owned about 0.05% of Perficient worth $333,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in PRFT. BNP Paribas Arbitrage SA boosted 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 buying an additional 637 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Perficient by 31.1% during the first quarter. Victory Capital Management Inc. now owns 6,860 shares of the information technology services provider’s stock worth $119,000 after purchasing an additional 1,629 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Perficient by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 6,942 shares of the information technology services provider’s stock worth $129,000 after purchasing an additional 3,032 shares during the period. Acrospire Investment Management LLC raised its stake in Perficient by 525.7% in the first quarter. Acrospire Investment Management LLC now owns 7,771 shares of the information technology services provider’s stock worth $135,000 after buying an additional 6,529 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in Perficient by 5.1% in the first quarter. Mason Street Advisors LLC now owns 8,282 shares of the information technology services provider’s stock worth $144,000 after buying an additional 403 shares in the last quarter. 75.08% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research firms recently issued reports on PRFT. Zacks Investment Research raised shares of Perficient from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday. BidaskClub raised shares of Perficient from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Perficient has an average rating of “Buy” and an average price target of $20.67.
Shares of Perficient, Inc. (NASDAQ PRFT) traded up 0.027% during midday trading on Friday, hitting $18.245. 63,978 shares of the company traded hands. Perficient, Inc. has a 52 week low of $14.15 and a 52 week high of $20.33. The company has a 50-day moving average price of $17.95 and a 200-day moving average price of $17.68. The stock has a market capitalization of $640.71 million, a P/E ratio of 44.284 and a beta of 0.91.
Perficient (NASDAQ:PRFT) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $117.00 million during the quarter, compared to analyst estimates of $119.21 million. Perficient had a net margin of 3.08% and a return on equity of 7.42%. Perficient’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. Analysts anticipate that Perficient, Inc. will post $1.23 earnings per share for the current fiscal year.
In other Perficient news, Director Ralph C. Derrickson sold 7,900 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $17.64, for a total transaction of $139,356.00. Following the transaction, the director now owns 32,747 shares in the company, valued at approximately $577,657.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company’s stock.
Perficient Company Profile
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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