GSA Capital Partners LLP Has $1.67 Million Holdings in Perficient, Inc. (PRFT)
GSA Capital Partners LLP raised its stake in Perficient, Inc. (NASDAQ:PRFT) by 76.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,490 shares of the information technology services provider’s stock after buying an additional 38,878 shares during the quarter. GSA Capital Partners LLP owned approximately 0.25% of Perficient worth $1,668,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Capstone Asset Management Co. purchased a new stake in Perficient in the 1st quarter valued at $192,000. Morgan Stanley grew its holdings in Perficient by 15.6% in the 1st quarter. Morgan Stanley now owns 225,480 shares of the information technology services provider’s stock valued at $3,916,000 after buying an additional 30,353 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Perficient by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 480,131 shares of the information technology services provider’s stock valued at $8,335,000 after buying an additional 18,893 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Perficient in the 1st quarter valued at $236,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in Perficient by 11.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 169,581 shares of the information technology services provider’s stock valued at $2,944,000 after buying an additional 17,692 shares in the last quarter. Institutional investors own 75.08% of the company’s stock.
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Perficient, Inc. (NASDAQ PRFT) opened at 18.51 on Friday. Perficient, Inc. has a 12-month low of $14.15 and a 12-month high of $20.25. The stock’s 50 day moving average price is $17.91 and its 200-day moving average price is $17.68. The stock has a market capitalization of $650.02 million, a PE ratio of 44.93 and a beta of 0.91.
Perficient (NASDAQ:PRFT) last released its earnings results on Thursday, August 3rd. The information technology services provider reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The firm had revenue of $117.00 million during the quarter, compared to analyst estimates of $119.21 million. Perficient had a return on equity of 7.42% and a net margin of 3.08%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. Analysts expect that Perficient, Inc. will post $1.23 earnings per share for the current year.
Several brokerages have issued reports on PRFT. Zacks Investment Research cut Perficient from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Maxim Group set a $20.00 price target on Perficient and gave the stock a “buy” rating in a report on Saturday, June 24th. Finally, BidaskClub upgraded Perficient from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.67.
In related news, Director Ralph C. Derrickson sold 7,900 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $17.64, for a total value of $139,356.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.
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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