Perficient, Inc. (PRFT) Position Boosted by Victory Capital Management Inc.
Victory Capital Management Inc. increased its position in shares of Perficient, Inc. (NASDAQ:PRFT) by 17.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,070 shares of the information technology services provider’s stock after purchasing an additional 1,210 shares during the period. Victory Capital Management Inc.’s holdings in Perficient were worth $150,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Perficient by 10.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,521 shares of the information technology services provider’s stock worth $113,000 after purchasing an additional 637 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Perficient by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,942 shares of the information technology services provider’s stock worth $129,000 after purchasing an additional 3,032 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Perficient by 5.1% during the 1st quarter. Mason Street Advisors LLC now owns 8,282 shares of the information technology services provider’s stock worth $144,000 after purchasing an additional 403 shares during the period. Airain ltd purchased a new position in shares of Perficient during the 1st quarter worth about $177,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Perficient during the 1st quarter worth about $181,000. 75.08% of the stock is owned by hedge funds and other institutional investors.
In other Perficient news, Director Ralph C. Derrickson sold 7,900 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $17.64, for a total transaction of $139,356.00. Following the completion of the transaction, the director now owns 32,747 shares of the company’s stock, valued at $577,657.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.
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Shares of Perficient, Inc. (PRFT) opened at 18.51 on Monday. The company’s 50-day moving average is $17.91 and its 200-day moving average is $17.68. Perficient, Inc. has a one year low of $14.15 and a one year high of $20.24. The company has a market cap of $650.02 million, a price-to-earnings ratio of 44.93 and a beta of 0.91.
Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, August 3rd. The information technology services provider reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $117.00 million during the quarter, compared to analyst estimates of $119.21 million. Perficient had a net margin of 3.08% and a return on equity of 7.42%. Perficient’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. On average, equities analysts predict that Perficient, Inc. will post $1.23 EPS for the current year.
A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Perficient from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Maxim Group set a $20.00 price objective on shares of Perficient and gave the company a “buy” rating in a report on Saturday, June 24th. Finally, BidaskClub lowered shares of Perficient from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Perficient has an average rating of “Buy” and an average target price of $20.67.
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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