Perficient, Inc. (NASDAQ:PRFT) Position Increased by Falcon Point Capital LLC
Falcon Point Capital LLC boosted its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 73.7% during the second quarter, Holdings Channel reports. The fund owned 425,575 shares of the information technology services provider’s stock after buying an additional 180,596 shares during the period. Falcon Point Capital LLC’s holdings in Perficient were worth $7,933,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Texas Permanent School Fund raised its position in shares of Perficient by 0.4% in the second quarter. Texas Permanent School Fund now owns 25,735 shares of the information technology services provider’s stock valued at $480,000 after buying an additional 91 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Perficient by 1.9% in the first quarter. Thrivent Financial For Lutherans now owns 19,910 shares of the information technology services provider’s stock valued at $346,000 after buying an additional 380 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Perficient by 5.1% in the first quarter. Mason Street Advisors LLC now owns 8,282 shares of the information technology services provider’s stock valued at $144,000 after buying an additional 403 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Perficient by 10.8% in the first quarter. BNP Paribas Arbitrage SA now owns 6,521 shares of the information technology services provider’s stock valued at $113,000 after buying an additional 637 shares in the last quarter. Finally, Anchor Capital Advisors LLC raised its position in shares of Perficient by 1.6% in the second quarter. Anchor Capital Advisors LLC now owns 63,854 shares of the information technology services provider’s stock valued at $1,190,000 after buying an additional 990 shares in the last quarter. Institutional investors own 76.38% of the company’s stock.
Perficient, Inc. (NASDAQ PRFT) opened at 17.09 on Friday. The firm has a market capitalization of $600.15 million, a price-to-earnings ratio of 41.48 and a beta of 0.86. The stock has a 50 day moving average of $18.32 and a 200 day moving average of $17.68. Perficient, Inc. has a one year low of $14.15 and a one year high of $20.79.
Perficient (NASDAQ:PRFT) last released its earnings results on Thursday, August 3rd. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Perficient had a net margin of 3.08% and a return on equity of 7.42%. The firm had revenue of $117 million during the quarter, compared to the consensus estimate of $119.21 million. During the same period in the previous year, the firm earned $0.28 earnings per share. Perficient’s revenue was down 5.9% compared to the same quarter last year. Analysts forecast that Perficient, Inc. will post $1.23 earnings per share for the current year.
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Several equities analysts have recently commented on the stock. Maxim Group set a $20.00 price objective on shares of Perficient and gave the stock a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded shares of Perficient from a “sell” rating to a “hold” rating in a report on Friday. Finally, BidaskClub lowered shares of Perficient from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $20.33.
In related news, Director Ralph C. Derrickson sold 7,900 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $17.64, for a total value of $139,356.00. Following the completion of the sale, the director now directly owns 32,747 shares in the company, valued at $577,657.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.
Perficient Company Profile
Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.
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