Dimensional Fund Advisors LP grew its position in Perficient, Inc. (NASDAQ:PRFT) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,228,454 shares of the digital transformation consultancy’s stock after acquiring an additional 107,863 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Perficient worth $43,833,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in Perficient by 29.7% in the 3rd quarter. Wells Fargo & Company MN now owns 66,231 shares of the digital transformation consultancy’s stock worth $1,303,000 after purchasing an additional 15,158 shares during the last quarter. Citadel Advisors LLC raised its position in Perficient by 10.2% in the 3rd quarter. Citadel Advisors LLC now owns 191,453 shares of the digital transformation consultancy’s stock worth $3,766,000 after purchasing an additional 17,642 shares during the last quarter. JPMorgan Chase & Co. raised its position in Perficient by 1,126.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 930,391 shares of the digital transformation consultancy’s stock worth $18,078,000 after purchasing an additional 854,535 shares during the last quarter. LaSalle Street Capital Management LLC raised its position in Perficient by 66.7% in the 3rd quarter. LaSalle Street Capital Management LLC now owns 20,629 shares of the digital transformation consultancy’s stock worth $406,000 after purchasing an additional 8,253 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Perficient by 18.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 292,828 shares of the digital transformation consultancy’s stock worth $5,760,000 after purchasing an additional 45,095 shares during the last quarter. Institutional investors own 79.65% of the company’s stock.

Perficient, Inc. (PRFT) opened at $19.69 on Tuesday. Perficient, Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $20.22. The stock has a market cap of $687.34, a price-to-earnings ratio of 41.89 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Perficient had a net margin of 3.36% and a return on equity of 8.05%. The company had revenue of $123.70 million during the quarter, compared to analyst estimates of $127.51 million. During the same quarter in the previous year, the business earned $0.26 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. sell-side analysts expect that Perficient, Inc. will post 0.93 earnings per share for the current fiscal year.

In related news, Chairman Jeffrey S. Davis sold 39,023 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $20.04, for a total value of $782,020.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul E. Martin sold 6,082 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $20.20, for a total transaction of $122,856.40. The disclosure for this sale can be found here. Insiders sold a total of 76,180 shares of company stock valued at $1,505,557 in the last three months. 3.70% of the stock is owned by company insiders.

PRFT has been the subject of several research analyst reports. Zacks Investment Research cut shares of Perficient from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Maxim Group reaffirmed a “buy” rating and set a $22.00 target price (up previously from $20.00) on shares of Perficient in a report on Thursday, November 2nd. Finally, BidaskClub raised shares of Perficient from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Four investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $21.33.

TRADEMARK VIOLATION WARNING: “Perficient, Inc. (PRFT) Shares Bought by Dimensional Fund Advisors LP” was reported by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/perficient-inc-prft-shares-bought-by-dimensional-fund-advisors-lp/1799354.html.

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.

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 Analyst Ratings Network's FREE daily email newsletter.