Bessemer Group Inc. lowered its position in Perficient, Inc. (NASDAQ:PRFT) by 21.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,300 shares of the digital transformation consultancy’s stock after selling 12,200 shares during the period. Bessemer Group Inc.’s holdings in Perficient were worth $864,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of PRFT. Teachers Advisors LLC lifted its position in shares of Perficient by 12.6% in the 2nd quarter. Teachers Advisors LLC now owns 99,926 shares of the digital transformation consultancy’s stock worth $1,863,000 after purchasing an additional 11,220 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of Perficient by 33.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 224,685 shares of the digital transformation consultancy’s stock worth $4,188,000 after purchasing an additional 56,242 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Perficient by 33.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 247,733 shares of the digital transformation consultancy’s stock worth $4,619,000 after purchasing an additional 62,779 shares during the period. Thrivent Financial For Lutherans lifted its position in shares of Perficient by 7.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 21,310 shares of the digital transformation consultancy’s stock worth $397,000 after purchasing an additional 1,400 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Perficient by 51.6% in the 2nd quarter. Northern Trust Corp now owns 831,358 shares of the digital transformation consultancy’s stock worth $15,497,000 after purchasing an additional 282,816 shares during the period. Hedge funds and other institutional investors own 79.55% of the company’s stock.

A number of research analysts have recently issued reports on PRFT shares. Zacks Investment Research upgraded shares of Perficient from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, January 4th. TheStreet upgraded shares of Perficient from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Maxim Group restated a “buy” rating and issued a $22.00 price target (up previously from $20.00) on shares of Perficient in a research report on Thursday, November 2nd. Finally, BidaskClub upgraded shares of Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $21.33.

Shares of Perficient, Inc. (NASDAQ:PRFT) opened at $18.80 on Friday. The firm has a market cap of $652.08, a price-to-earnings ratio of 39.36 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, Inc. has a one year low of $16.20 and a one year high of $20.29.

In other news, COO Kathryn J. Henely sold 31,075 shares of Perficient stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $19.33, for a total value of $600,679.75. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

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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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