Legato Capital Management LLC trimmed its holdings in shares of Perficient, Inc. (NASDAQ:PRFT) by 35.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,271 shares of the digital transformation consultancy’s stock after selling 16,501 shares during the period. Legato Capital Management LLC’s holdings in Perficient were worth $577,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Virtu KCG Holdings LLC increased its holdings in shares of Perficient by 2.9% during the second quarter. Virtu KCG Holdings LLC now owns 14,560 shares of the digital transformation consultancy’s stock valued at $271,000 after purchasing an additional 408 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of Perficient by 7.0% during the second quarter. Thrivent Financial For Lutherans now owns 21,310 shares of the digital transformation consultancy’s stock valued at $397,000 after purchasing an additional 1,400 shares during the period. Citigroup Inc. increased its holdings in shares of Perficient by 5.4% during the second quarter. Citigroup Inc. now owns 45,053 shares of the digital transformation consultancy’s stock valued at $840,000 after purchasing an additional 2,310 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Perficient by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 482,752 shares of the digital transformation consultancy’s stock valued at $8,998,000 after purchasing an additional 2,621 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Perficient by 2.2% during the third quarter. California Public Employees Retirement System now owns 149,582 shares of the digital transformation consultancy’s stock valued at $2,942,000 after purchasing an additional 3,182 shares during the period. 79.64% of the stock is currently owned by institutional investors.

Perficient, Inc. (NASDAQ:PRFT) traded up $0.06 during trading hours on Wednesday, reaching $19.85. The company had a trading volume of 202,100 shares, compared to its average volume of 126,960. The firm has a market capitalization of $691.18, a price-to-earnings ratio of 43.15 and a beta of 0.84. Perficient, Inc. has a 1 year low of $16.20 and a 1 year high of $20.22. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.18.

Perficient (NASDAQ:PRFT) last released its earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $123.70 million for 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%. Perficient’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. equities analysts anticipate that Perficient, Inc. will post 0.93 earnings per share for the current fiscal year.

In related news, COO Kathryn J. Henely sold 31,075 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $19.33, for a total value of $600,679.75. Following the completion of the transaction, the chief operating officer now owns 246,657 shares in the company, valued at approximately $4,767,879.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by insiders.

A number of research analysts have recently commented on the company. Maxim Group reissued a “buy” rating and set a $22.00 price target (up from $20.00) on shares of Perficient in a report on Thursday, November 2nd. BidaskClub lowered Perficient from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Zacks Investment Research lowered Perficient from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $21.33.

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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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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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