Swiss National Bank reduced its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,400 shares of the company’s stock after selling 1,800 shares during the period. Swiss National Bank’s holdings in Perficient were worth $1,217,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas raised its stake in Perficient by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,931 shares of the company’s stock worth $100,000 after buying an additional 596 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Perficient by 290.6% in the second quarter. Advisors Asset Management Inc. now owns 5,593 shares of the company’s stock worth $114,000 after buying an additional 4,161 shares during the last quarter. Victory Capital Management Inc. raised its stake in Perficient by 35.9% in the second quarter. Victory Capital Management Inc. now owns 6,200 shares of the company’s stock worth $126,000 after buying an additional 1,637 shares during the last quarter. BlackRock Inc. raised its stake in Perficient by 179.4% in the second quarter. BlackRock Inc. now owns 6,471 shares of the company’s stock worth $132,000 after buying an additional 4,155 shares during the last quarter. Finally, Mason Street Advisors LLC bought a new stake in Perficient during the second quarter worth about $143,000. Hedge funds and other institutional investors own 79.32% of the company’s stock.
Perficient, Inc. (NASDAQ:PRFT) traded down 0.28% during mid-day trading on Friday, hitting $17.83. The company had a trading volume of 12,161 shares. The firm’s 50 day moving average is $18.11 and its 200 day moving average is $19.19. The company has a market capitalization of $642.86 million, a price-to-earnings ratio of 25.51 and a beta of 0.91. Perficient, Inc. has a 52 week low of $14.15 and a 52 week high of $22.66.
Perficient (NASDAQ:PRFT) last issued its earnings results on Thursday, November 3rd. The company reported $0.26 EPS for the quarter, missing the 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 business had revenue of $120.90 million for the quarter, compared to analysts’ expectations of $122.18 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts predict that Perficient, Inc. will post $1.08 EPS for the current year.
A number of research firms recently issued reports on PRFT. Zacks Investment Research upgraded Perficient from a “sell” rating to a “hold” rating in a research note on Thursday, October 6th. Avondale Partners lowered Perficient from an “outperform” rating to a “market perform” rating in a research note on Friday, November 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $25.00.
In other news, Director Ralph C. Derrickson purchased 1,434 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were purchased at an average cost of $17.44 per share, for a total transaction of $25,008.96. Following the purchase, the director now directly owns 39,218 shares in the company, valued at approximately $683,961.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James R. Kackley purchased 1,400 shares of the company’s stock in a transaction dated Wednesday, November 30th. The stock was purchased at an average price of $18.17 per share, for a total transaction of $25,438.00. Following the completion of the purchase, the director now owns 37,363 shares in the company, valued at $678,885.71. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.
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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