Rothschild Asset Management Inc. acquired a new stake in shares of Perficient, Inc. (NASDAQ:PRFT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 307,331 shares of the digital transformation consultancy’s stock, valued at approximately $8,104,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Perkins Capital Management Inc. acquired a new stake in Perficient during the 2nd quarter valued at approximately $264,000. Intrinsic Edge Capital Management LLC lifted its holdings in Perficient by 194.2% during the 1st quarter. Intrinsic Edge Capital Management LLC now owns 189,352 shares of the digital transformation consultancy’s stock worth $4,340,000 after buying an additional 125,000 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Perficient by 12.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 167,952 shares of the digital transformation consultancy’s stock worth $3,850,000 after buying an additional 19,033 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Perficient by 28.6% during the 1st quarter. Victory Capital Management Inc. now owns 16,796 shares of the digital transformation consultancy’s stock worth $385,000 after buying an additional 3,739 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Perficient by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 267,730 shares of the digital transformation consultancy’s stock worth $6,136,000 after buying an additional 5,375 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

A number of research analysts have commented on the company. BidaskClub raised Perficient from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of Perficient in a report on Friday, July 13th. Zacks Investment Research raised Perficient from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Saturday, May 5th. Maxim Group reaffirmed a “hold” rating on shares of Perficient in a report on Monday, April 23rd. Finally, ValuEngine downgraded Perficient from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Perficient has an average rating of “Buy” and an average target price of $27.50.

In related news, Director James R. Kackley sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $26.79, for a total value of $107,160.00. Following the sale, the director now owns 38,624 shares of the company’s stock, valued at approximately $1,034,736.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gary Wimberly purchased 4,945 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was bought at an average cost of $25.33 per share, for a total transaction of $125,256.85. Following the acquisition, the director now owns 3,945 shares in the company, valued at approximately $99,926.85. The disclosure for this purchase can be found here. In the last three months, insiders sold 154,544 shares of company stock worth $4,034,482. Company insiders own 3.50% of the company’s stock.

NASDAQ:PRFT opened at $27.16 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.24 and a current ratio of 2.24. Perficient, Inc. has a 52 week low of $17.45 and a 52 week high of $27.90. The company has a market cap of $945.08 million, a price-to-earnings ratio of 28.59 and a beta of 0.66.

Perficient (NASDAQ:PRFT) last released its earnings results on Thursday, August 2nd. The digital transformation consultancy reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Perficient had a return on equity of 10.21% and a net margin of 4.85%. The company had revenue of $121.80 million for the quarter, compared to the consensus estimate of $125.19 million. During the same quarter last year, the business posted $0.29 EPS. Perficient’s quarterly revenue was up 4.1% compared to the same quarter last year. research analysts forecast that Perficient, Inc. will post 1.17 earnings per share for the current fiscal year.

Perficient Profile

Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.

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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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