KBC Group NV lifted its position in shares of Perficient, Inc. (NASDAQ:PRFT) by 152.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,275 shares of the digital transformation consultancy’s stock after buying an additional 6,209 shares during the period. KBC Group NV’s holdings in Perficient were worth $202,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PRFT. SG Americas Securities LLC acquired a new stake in shares of Perficient during the 3rd quarter worth $118,000. Victory Capital Management Inc. increased its holdings in Perficient by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 8,070 shares of the digital transformation consultancy’s stock valued at $150,000 after purchasing an additional 1,210 shares in the last quarter. Simplex Trading LLC increased its holdings in Perficient by 4,251.0% in the 3rd quarter. Simplex Trading LLC now owns 8,702 shares of the digital transformation consultancy’s stock valued at $171,000 after purchasing an additional 8,502 shares in the last quarter. Sei Investments Co. increased its holdings in Perficient by 412.9% in the 3rd quarter. Sei Investments Co. now owns 8,873 shares of the digital transformation consultancy’s stock valued at $175,000 after purchasing an additional 7,143 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Perficient by 66.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,851 shares of the digital transformation consultancy’s stock valued at $202,000 after purchasing an additional 4,330 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Shares of Perficient, Inc. (NASDAQ:PRFT) opened at $19.45 on Monday. Perficient, Inc. has a twelve month low of $16.20 and a twelve month high of $20.22. The stock has a market capitalization of $678.96, a price-to-earnings ratio of 22.36 and a beta of 0.83. 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 return on equity of 8.05% and a net margin of 3.36%. The firm had revenue of $123.70 million during the quarter, compared to the consensus estimate of $127.51 million. During the same period in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. equities analysts anticipate that Perficient, Inc. will post 0.93 earnings per share for the current year.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Perficient from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. Maxim Group reiterated a “buy” rating and issued a $22.00 price target (up from $20.00) on shares of Perficient in a report on Thursday, November 2nd. Finally, BidaskClub upgraded Perficient from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Perficient has a consensus rating of “Buy” and an average price target of $21.33.

In other Perficient news, CFO Paul E. Martin sold 13,300 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $19.36, for a total value of $257,488.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey S. Davis sold 2,542 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $19.92, for a total transaction of $50,636.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,022 shares of company stock valued at $2,201,082. 3.70% of the stock is owned by insiders.

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About Perficient

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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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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