Numeric Investors LLC raised its position in Perficient, Inc. (NASDAQ:PRFT) by 56.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 33,800 shares of the digital transformation consultancy’s stock after buying an additional 12,200 shares during the period. Numeric Investors LLC owned about 0.10% of Perficient worth $630,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Texas Permanent School Fund boosted its position in Perficient by 0.4% in the 2nd quarter. Texas Permanent School Fund now owns 25,735 shares of the digital transformation consultancy’s stock valued at $480,000 after buying an additional 91 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Perficient by 1.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 19,910 shares of the digital transformation consultancy’s stock valued at $346,000 after buying an additional 380 shares during the last quarter. Mason Street Advisors LLC boosted its position in Perficient by 5.1% in the 1st quarter. Mason Street Advisors LLC now owns 8,282 shares of the digital transformation consultancy’s stock valued at $144,000 after buying an additional 403 shares during the last quarter. Virtu KCG Holdings LLC boosted its position in Perficient by 2.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 14,560 shares of the digital transformation consultancy’s stock valued at $271,000 after buying an additional 408 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Perficient by 10.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,521 shares of the digital transformation consultancy’s stock valued at $113,000 after buying an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

In related news, Director Ralph C. Derrickson sold 7,900 shares of the business’s stock in a transaction 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 sale, 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 accessible through the SEC website. Also, insider Jeffrey S. Davis sold 2,542 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $19.92, for a total transaction of $50,636.64. The disclosure for this sale can be found here. Insiders have sold 88,847 shares of company stock valued at $1,739,758 over the last quarter. Company insiders own 3.70% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research lowered Perficient from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. BidaskClub upgraded Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Maxim Group set a $20.00 price objective on Perficient and gave the company a “buy” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $20.67.

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Perficient, Inc. (NASDAQ PRFT) opened at 19.96 on Friday. The firm has a 50-day moving average price of $18.83 and a 200-day moving average price of $17.89. The company has a market capitalization of $700.94 million, a price-to-earnings ratio of 48.45 and a beta of 0.89. Perficient, Inc. has a 12 month low of $14.15 and a 12 month high of $20.22.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings results on Thursday, August 3rd. The digital transformation consultancy reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $117.00 million during the quarter, compared to the consensus estimate of $119.21 million. Perficient had a net margin of 3.08% and a return on equity of 7.42%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. On average, equities analysts anticipate that Perficient, Inc. will post $1.23 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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