Perficient, Inc. (PRFT) Director James R. Kackley Acquires 1,290 Shares of Stock
Perficient, Inc. (NASDAQ:PRFT) Director James R. Kackley acquired 1,290 shares of Perficient stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $19.35 per share, for a total transaction of $24,961.50. Following the completion of the transaction, the director now directly owns 41,328 shares in the company, valued at $799,696.80. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Perficient, Inc. (NASDAQ:PRFT) traded down $0.02 during trading hours on Friday, hitting $19.28. 58,429 shares of the stock were exchanged, compared to its average volume of 147,776. The stock has a market capitalization of $661.16, a price-to-earnings ratio of 21.77 and a beta of 0.85. Perficient, Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $20.22. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.18.
Perficient (NASDAQ:PRFT) last issued its earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. The business had revenue of $123.70 million for the quarter, compared to analyst estimates of $127.51 million. Perficient had a net margin of 3.36% and a return on equity of 8.05%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. sell-side analysts expect that Perficient, Inc. will post 0.93 EPS for the current fiscal year.
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A number of research firms recently weighed in on PRFT. Maxim Group reissued a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of Perficient in a research report on Thursday, November 2nd. Zacks Investment Research lowered shares of Perficient from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. Finally, BidaskClub raised shares of Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $21.33.
A number of hedge funds have recently modified their holdings of PRFT. OppenheimerFunds Inc. increased its holdings in Perficient by 31.6% during the first quarter. OppenheimerFunds Inc. now owns 20,812 shares of the digital transformation consultancy’s stock valued at $361,000 after buying an additional 5,001 shares during the period. Teachers Advisors LLC increased its holdings in Perficient by 3.2% during the first quarter. Teachers Advisors LLC now owns 88,706 shares of the digital transformation consultancy’s stock valued at $1,540,000 after buying an additional 2,787 shares during the period. Thrivent Financial For Lutherans increased its holdings in Perficient by 1.9% during the first 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 period. Vanguard Group Inc. increased its holdings in Perficient by 6.8% during the first quarter. Vanguard Group Inc. now owns 1,859,259 shares of the digital transformation consultancy’s stock valued at $32,276,000 after buying an additional 119,160 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Perficient by 2.5% during the first quarter. Geode Capital Management LLC now owns 274,378 shares of the digital transformation consultancy’s stock valued at $4,763,000 after buying an additional 6,601 shares during the period. 77.69% of the stock is currently owned by institutional investors.
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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