Perficient, Inc. (NASDAQ:PRFT) Stock Holdings Boosted by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its position in Perficient, Inc. (NASDAQ:PRFT) by 79.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,875 shares of the digital transformation consultancy’s stock after purchasing an additional 34,838 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Perficient were worth $5,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in shares of Perficient by 112,600.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,011,600 shares of the digital transformation consultancy’s stock worth $838,770,000 after purchasing an additional 12,000,942 shares in the last quarter. Congress Asset Management Co. MA boosted its stake in Perficient by 69.1% during the 3rd quarter. Congress Asset Management Co. MA now owns 1,378,597 shares of the digital transformation consultancy’s stock valued at $79,766,000 after purchasing an additional 563,290 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Perficient during the 3rd quarter valued at $32,578,000. Norges Bank bought a new stake in shares of Perficient in the 4th quarter worth $26,728,000. Finally, Blue Grotto Capital LLC lifted its holdings in shares of Perficient by 124.7% in the first quarter. Blue Grotto Capital LLC now owns 359,879 shares of the digital transformation consultancy’s stock valued at $39,619,000 after buying an additional 199,689 shares during the period. 95.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Perficient

In related news, CEO Thomas J. Hogan sold 8,801 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total value of $591,955.26. Following the completion of the sale, the chief executive officer now owns 193,304 shares of the company’s stock, valued at approximately $13,001,627.04. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Paul E. Martin sold 3,664 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total transaction of $246,440.64. Following the transaction, the chief financial officer now owns 212,642 shares of the company’s stock, valued at approximately $14,302,300.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas J. Hogan sold 8,801 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total value of $591,955.26. Following the completion of the sale, the chief executive officer now owns 193,304 shares of the company’s stock, valued at $13,001,627.04. The disclosure for this sale can be found here. Insiders sold 13,149 shares of company stock valued at $885,619 in the last three months. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PRFT. Barrington Research reaffirmed an “outperform” rating and set a $77.00 target price on shares of Perficient in a report on Wednesday, February 28th. Scotiabank cut their target price on shares of Perficient from $70.00 to $65.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. Guggenheim began coverage on shares of Perficient in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $65.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Perficient from $68.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.00.

Perficient Stock Up 2.7 %

NASDAQ:PRFT opened at $44.80 on Friday. The business’s fifty day moving average price is $59.51 and its 200 day moving average price is $62.21. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.75. Perficient, Inc. has a 1-year low of $43.39 and a 1-year high of $96.93.

Perficient (NASDAQ:PRFT) last released its quarterly earnings data on Tuesday, February 27th. The digital transformation consultancy reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $220.79 million during the quarter, compared to analyst estimates of $223.79 million. Perficient had a net margin of 10.91% and a return on equity of 23.39%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. On average, sell-side analysts forecast that Perficient, Inc. will post 3.42 earnings per share for the current fiscal year.

Perficient Company Profile

Perficient, Inc provides digital consultancy services and solutions in the United States and internationally. It offers strategy and transformation solutions in digital strategy, technology strategy, business velocity and growth, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolios.