Perficient, Inc. (PRFT) Stake Maintained by UBS Asset Management Americas Inc.

Perficient, Inc. (PRFT) Stake Maintained by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. held its position in Perficient, Inc. (NASDAQ:PRFT) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 19,500 shares of the company’s stock at the end of the third quarter. UBS Asset Management Americas Inc. owned 0.05% of Perficient worth $393,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Advisors LLC raised its position in Perficient by 3.9% in the second quarter. BlackRock Advisors LLC now owns 17,537 shares of the company’s stock valued at $356,000 after buying an additional 655 shares in the last quarter. Vanguard Group Inc. raised its position in Perficient by 5.1% in the second quarter. Vanguard Group Inc. now owns 1,620,200 shares of the company’s stock valued at $32,907,000 after buying an additional 78,188 shares in the last quarter. Principal Financial Group Inc. raised its position in Perficient by 7.5% in the second quarter. Principal Financial Group Inc. now owns 264,857 shares of the company’s stock valued at $5,379,000 after buying an additional 18,548 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Perficient by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,721,923 shares of the company’s stock valued at $34,972,000 after buying an additional 35,225 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in 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. 79.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of Perficient, Inc. (NASDAQ:PRFT) opened at 17.97 on Friday. The stock has a market capitalization of $647.91 million, a P/E ratio of 25.71 and a beta of 0.91. The company’s 50 day moving average price is $18.09 and its 200 day moving average price is $19.16. Perficient, Inc. has a one year low of $14.15 and a one year high of $22.66.

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

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

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

About Perficient

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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