Perficient, Inc. (PRFT) Position Held by State of Tennessee Treasury Department

Perficient, Inc. (PRFT) Position Held by State of Tennessee Treasury Department

State of Tennessee Treasury Department held its stake in shares of Perficient, Inc. (NASDAQ:PRFT) during the third quarter, Holdings Channel reports. The fund owned 27,549 shares of the company’s stock at the end of the third quarter. State of Tennessee Treasury Department owned 0.08% of Perficient worth $555,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its stake in shares of Perficient by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,931 shares of the company’s stock valued at $100,000 after buying an additional 596 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Perficient by 290.6% in the second quarter. Advisors Asset Management Inc. now owns 5,593 shares of the company’s stock valued at $114,000 after buying an additional 4,161 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Perficient by 35.9% in the second quarter. Victory Capital Management Inc. now owns 6,200 shares of the company’s stock valued at $126,000 after buying an additional 1,637 shares in the last quarter. BlackRock Inc. raised its stake in shares of Perficient by 179.4% in the second quarter. BlackRock Inc. now owns 6,471 shares of the company’s stock valued at $132,000 after buying an additional 4,155 shares in the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in shares of Perficient during the second quarter valued at $143,000. 79.32% of the stock is owned by hedge funds and other institutional investors.

Perficient, Inc. (NASDAQ:PRFT) traded up 0.50% during trading on Friday, hitting $17.97. The stock had a trading volume of 57,273 shares. Perficient, Inc. has a 52 week low of $14.15 and a 52 week high of $22.66. The company has a market cap of $647.91 million, a PE ratio of 25.71 and a beta of 0.91. The stock has a 50-day moving average price of $18.09 and a 200-day moving average price of $19.16.

Perficient (NASDAQ:PRFT) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.09. Perficient had a net margin of 4.86% and a return on equity of 8.54%. The firm had revenue of $120.90 million for the quarter, compared to the consensus estimate of $122.18 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Equities analysts predict that Perficient, Inc. will post $1.08 EPS for the current year.

Several brokerages recently weighed in on PRFT. Avondale Partners lowered Perficient from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. Zacks Investment Research raised Perficient from a “sell” rating to a “hold” rating in a report on Thursday, October 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Perficient has a consensus rating of “Buy” and a consensus target price of $25.00.

In other news, Director James R. Kackley purchased 1,400 shares of the firm’s stock in a transaction on Wednesday, November 30th. The stock was bought at an average cost of $18.17 per share, for a total transaction of $25,438.00. Following the completion of the acquisition, the director now directly owns 37,363 shares of the company’s stock, valued at $678,885.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ralph C. Derrickson purchased 1,434 shares of the firm’s stock in a transaction on Friday, November 11th. The shares were purchased at an average price of $17.44 per share, with a total value of $25,008.96. Following the completion of the acquisition, the director now directly owns 39,218 shares of the company’s stock, valued at $683,961.92. The disclosure for this purchase can be found here. 3.50% of the stock is owned by corporate insiders.

Perficient Company Profile

Perficient, Inc is an information technology and management consulting firm. The Company designs, builds and delivers business-driven technology solutions using third-party software products. Its solutions include big data and analytics, technology platform implementations, commerce, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, content management (CM), business process management (BPM), and customer relationship management (CRM), among others.

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