Schwab Charles Investment Management Inc. lowered its position in Perficient, Inc. (NASDAQ:PRFT) by 10.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,179 shares of the digital transformation consultancy’s stock after selling 15,804 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Perficient were worth $2,758,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PRFT. JPMorgan Chase & Co. grew its stake in Perficient by 1,126.5% in the third quarter. JPMorgan Chase & Co. now owns 930,391 shares of the digital transformation consultancy’s stock worth $18,078,000 after purchasing an additional 854,535 shares in the last quarter. Northern Trust Corp grew its stake in Perficient by 51.6% in the second quarter. Northern Trust Corp now owns 831,358 shares of the digital transformation consultancy’s stock worth $15,497,000 after purchasing an additional 282,816 shares in the last quarter. Boston Partners bought a new position in Perficient in the third quarter worth approximately $4,778,000. Dimensional Fund Advisors LP grew its stake in Perficient by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,120,591 shares of the digital transformation consultancy’s stock worth $39,528,000 after purchasing an additional 200,231 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Perficient by 332.4% in the second quarter. Alliancebernstein L.P. now owns 199,350 shares of the digital transformation consultancy’s stock worth $3,716,000 after purchasing an additional 153,250 shares in the last quarter. 79.65% of the stock is currently owned by institutional investors.

Shares of Perficient, Inc. (PRFT) opened at $19.37 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $684.90, a price-to-earnings ratio of 41.21 and a beta of 0.84. Perficient, Inc. has a 52-week low of $16.20 and a 52-week high of $20.22.

Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $123.70 million for the quarter, compared to analysts’ expectations of $127.51 million. Perficient had a return on equity of 8.05% and a net margin of 3.36%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. equities research analysts forecast that Perficient, Inc. will post 0.93 earnings per share for the current fiscal year.

Several research analysts recently issued reports on PRFT shares. Zacks Investment Research raised Perficient from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, January 4th. BidaskClub raised Perficient from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Finally, Maxim Group reissued a “buy” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Perficient in a research note on Thursday, November 2nd. One 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.

In other Perficient news, COO Kathryn J. Henely sold 31,075 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $19.33, for a total transaction of $600,679.75. Following the sale, the chief operating officer now owns 246,657 shares of the company’s stock, valued at approximately $4,767,879.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.

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Perficient 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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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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