Seizert Capital Partners LLC lessened its holdings in shares of Perficient, Inc. (NASDAQ:PRFT) by 29.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,130 shares of the digital transformation consultancy’s stock after selling 8,788 shares during the period. Seizert Capital Partners LLC’s holdings in Perficient were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of PRFT. Geode Capital Management LLC increased its holdings in Perficient by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 362,905 shares of the digital transformation consultancy’s stock valued at $8,078,000 after buying an additional 1,224 shares in the last quarter. LS Investment Advisors LLC increased its holdings in Perficient by 581.9% in the fourth quarter. LS Investment Advisors LLC now owns 7,099 shares of the digital transformation consultancy’s stock valued at $158,000 after buying an additional 6,058 shares in the last quarter. Foresters Investment Management Company Inc. increased its holdings in Perficient by 14.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 309,400 shares of the digital transformation consultancy’s stock valued at $6,887,000 after buying an additional 37,900 shares in the last quarter. Monarch Partners Asset Management LLC purchased a new position in Perficient in the fourth quarter valued at $654,000. Finally, Bank of New York Mellon Corp increased its holdings in Perficient by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 444,431 shares of the digital transformation consultancy’s stock valued at $11,844,000 after buying an additional 13,745 shares in the last quarter. 92.98% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on PRFT shares. BidaskClub upgraded shares of Perficient from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Maxim Group reiterated a “buy” rating and issued a $34.00 target price on shares of Perficient in a research report on Friday, February 15th. Barrington Research reiterated a “buy” rating and issued a $33.00 target price on shares of Perficient in a research report on Wednesday, February 27th. Finally, Zacks Investment Research upgraded shares of Perficient from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Tuesday, March 5th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $33.00.

In related news, Chairman Jeffrey S. Davis sold 78,296 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.43, for a total transaction of $2,382,547.28. Following the transaction, the chairman now directly owns 532,389 shares in the company, valued at $16,200,597.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas J. Hogan sold 3,380 shares of the business’s stock in a transaction dated Saturday, March 2nd. The stock was sold at an average price of $29.20, for a total transaction of $98,696.00. The disclosure for this sale can be found here. Insiders have sold 320,357 shares of company stock worth $9,388,058 over the last 90 days. 2.90% of the stock is currently owned by company insiders.

Shares of NASDAQ PRFT opened at $31.72 on Tuesday. Perficient, Inc. has a 52-week low of $20.92 and a 52-week high of $32.92. The stock has a market capitalization of $1.03 billion, a PE ratio of 26.21, a P/E/G ratio of 2.03 and a beta of 0.96. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.39.

Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, May 2nd. The digital transformation consultancy reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.12. Perficient had a net margin of 5.21% and a return on equity of 11.50%. The business had revenue of $133.82 million for the quarter, compared to analyst estimates of $131.10 million. During the same quarter last year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Research analysts predict that Perficient, Inc. will post 1.44 earnings per share for the current fiscal year.

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About Perficient

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, commerce, content management, 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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