Perficient, Inc. (PRFT) Shares Bought by Victory Capital Management Inc.
Victory Capital Management Inc. lifted its holdings in Perficient, Inc. (NASDAQ:PRFT) by 47.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,923 shares of the digital transformation consultancy’s stock after buying an additional 3,853 shares during the period. Victory Capital Management Inc.’s holdings in Perficient were worth $235,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in Perficient by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 6,942 shares of the digital transformation consultancy’s stock valued at $129,000 after purchasing an additional 3,032 shares during the last quarter. Simplex Trading LLC lifted its stake in Perficient by 4,251.0% in the third 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 during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Perficient by 66.4% in the second 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 during the last quarter. Gotham Asset Management LLC purchased a new position in Perficient in the second quarter valued at approximately $206,000. Finally, LaSalle Street Capital Management LLC purchased a new position in Perficient in the second quarter valued at approximately $231,000. Hedge funds and other institutional investors own 79.85% of the company’s stock.
PRFT has been the topic of several research analyst reports. Zacks Investment Research downgraded Perficient from a “buy” rating to a “hold” rating in a research note on Saturday, October 7th. BidaskClub upgraded Perficient from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Maxim Group set a $20.00 price objective on Perficient and gave the company a “buy” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $21.33.
In other Perficient news, CFO Paul E. Martin sold 6,082 shares of the 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Jeffrey S. Davis sold 39,023 shares of the stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $20.04, for a total value of $782,020.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,947 shares of company stock worth $1,600,402. Company insiders own 3.70% of the company’s stock.
Perficient, Inc. (PRFT) opened at $19.50 on Monday. Perficient, Inc. has a 12 month low of $16.20 and a 12 month high of $20.22. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $680.71, a P/E ratio of 22.41 and a beta of 0.85.
Perficient (NASDAQ:PRFT) last posted its earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $127.51 million. Perficient had a return on equity of 8.05% and a net margin of 3.36%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. equities analysts expect that Perficient, Inc. will post 0.93 EPS for the current year.
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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