Schroder Investment Management Group acquired a new position in shares of Perficient, Inc. (NASDAQ:PRFT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 216,948 shares of the digital transformation consultancy’s stock, valued at approximately $5,714,000. Schroder Investment Management Group owned approximately 0.62% of Perficient at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in shares of Perficient by 2,633.4% during the second quarter. Advisors Asset Management Inc. now owns 221,488 shares of the digital transformation consultancy’s stock worth $114,000 after purchasing an additional 213,385 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in Perficient in the 2nd quarter worth approximately $179,000. Hsbc Holdings PLC bought a new stake in Perficient in the 1st quarter worth approximately $204,000. Piedmont Investment Advisors LLC bought a new stake in Perficient in the 2nd quarter worth approximately $215,000. Finally, Aperio Group LLC bought a new stake in Perficient in the 2nd quarter worth approximately $243,000. 82.15% of the stock is owned by institutional investors.

NASDAQ:PRFT opened at $26.09 on Friday. The company has a market capitalization of $905.75 million, a P/E ratio of 22.83 and a beta of 0.83. Perficient, Inc. has a 1-year low of $17.65 and a 1-year high of $31.09. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.15.

Perficient (NASDAQ:PRFT) last released its earnings results on Thursday, August 2nd. The digital transformation consultancy reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. Perficient had a return on equity of 10.21% and a net margin of 4.85%. The company had revenue of $121.80 million during the quarter, compared to the consensus estimate of $125.19 million. During the same quarter in the previous year, the company posted $0.29 EPS. Perficient’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that Perficient, Inc. will post 1.15 EPS for the current fiscal year.

A number of analysts recently weighed in on the company. ValuEngine downgraded Perficient from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Barrington Research assumed coverage on Perficient in a research report on Wednesday, October 10th. They issued an “outperform” rating and a $31.00 target price for the company. Zacks Investment Research downgraded Perficient from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. BidaskClub upgraded Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $30.00 target price on shares of Perficient in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $31.00.

About Perficient

Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.

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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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