Insider Selling: Perficient, Inc. (PRFT) COO Sells $600,679.75 in Stock
Perficient, Inc. (NASDAQ:PRFT) COO Kathryn J. Henely sold 31,075 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $19.33, for a total value of $600,679.75. Following the transaction, the chief operating officer now owns 246,657 shares in the company, valued at $4,767,879.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Perficient, Inc. (NASDAQ PRFT) traded down $0.16 during midday trading on Friday, reaching $19.20. The company had a trading volume of 159,707 shares, compared to its average volume of 150,695. Perficient, Inc. has a 1 year low of $16.20 and a 1 year high of $20.22. The stock has a market capitalization of $675.82, a P/E ratio of 22.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.92 and a quick ratio of 2.92.
Perficient (NASDAQ:PRFT) last announced its quarterly earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The company had revenue of $123.70 million during the quarter, compared to analyst estimates of $127.51 million. Perficient had a return on equity of 8.05% and a net margin of 3.36%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. sell-side analysts predict that Perficient, Inc. will post 0.93 EPS for the current fiscal year.
Several research firms recently weighed in on PRFT. Zacks Investment Research downgraded Perficient from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. Maxim Group reiterated a “buy” rating and set a $22.00 target price (up from $20.00) on shares of Perficient in a research report on Thursday, November 2nd. Finally, BidaskClub upgraded Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $21.33.
A number of large investors have recently made changes to their positions in PRFT. JPMorgan Chase & Co. increased its stake in Perficient by 1,126.5% during the third quarter. JPMorgan Chase & Co. now owns 930,391 shares of the digital transformation consultancy’s stock worth $18,078,000 after acquiring an additional 854,535 shares during the last quarter. Northern Trust Corp increased its stake in Perficient by 51.6% during the second quarter. Northern Trust Corp now owns 831,358 shares of the digital transformation consultancy’s stock worth $15,497,000 after acquiring an additional 282,816 shares during the last quarter. Boston Partners acquired a new stake in Perficient during the third quarter worth about $4,778,000. Dimensional Fund Advisors LP increased its stake in Perficient by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,120,591 shares of the digital transformation consultancy’s stock worth $39,528,000 after acquiring an additional 200,231 shares during the last quarter. Finally, Falcon Point Capital LLC increased its stake in Perficient by 73.7% during the second quarter. Falcon Point Capital LLC now owns 425,575 shares of the digital transformation consultancy’s stock worth $7,933,000 after acquiring an additional 180,596 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.
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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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