Perficient, Inc. (NASDAQ:PRFT) Shares Purchased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC raised its position in Perficient, Inc. (NASDAQ:PRFT) by 18.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,689 shares of the digital transformation consultancy’s stock after acquiring an additional 2,903 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Perficient were worth $1,230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PRFT. Intrust Bank NA boosted its stake in shares of Perficient by 41.0% in the fourth quarter. Intrust Bank NA now owns 5,873 shares of the digital transformation consultancy’s stock valued at $387,000 after purchasing an additional 1,707 shares during the period. GAMMA Investing LLC acquired a new stake in Perficient during the 4th quarter worth approximately $28,000. Linden Thomas Advisory Services LLC acquired a new stake in Perficient during the 4th quarter worth approximately $253,000. Cetera Trust Company N.A purchased a new position in Perficient in the 4th quarter valued at approximately $161,000. Finally, Handelsbanken Fonder AB grew its stake in shares of Perficient by 3.8% in the fourth quarter. Handelsbanken Fonder AB now owns 5,412 shares of the digital transformation consultancy’s stock worth $356,000 after acquiring an additional 200 shares in the last quarter. 95.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PRFT has been the topic of several analyst reports. Guggenheim began coverage on Perficient in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $65.00 price objective on the stock. Scotiabank decreased their price objective on Perficient from $65.00 to $50.00 and set a “sector perform” rating for the company in a research note on Monday. Alliance Global Partners raised Perficient from a “neutral” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of Perficient from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Barrington Research reiterated an “outperform” rating and set a $77.00 price target on shares of Perficient in a report on Monday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Perficient currently has an average rating of “Hold” and a consensus price target of $67.17.

Insider Activity at Perficient

In related news, SVP Kevin Thomas Sheen sold 684 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $69.04, for a total transaction of $47,223.36. Following the completion of the sale, the senior vice president now owns 26,533 shares in the company, valued at approximately $1,831,838.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Kevin Thomas Sheen sold 684 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $69.04, for a total transaction of $47,223.36. Following the completion of the sale, the senior vice president now owns 26,533 shares in the company, valued at $1,831,838.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul E. Martin sold 3,664 shares of Perficient stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total transaction of $246,440.64. Following the completion of the transaction, the chief financial officer now owns 212,642 shares in the company, valued at $14,302,300.92. The disclosure for this sale can be found here. Insiders sold a total of 13,149 shares of company stock valued at $885,619 over the last ninety days. Insiders own 2.50% of the company’s stock.

Perficient Stock Up 9.4 %

PRFT stock traded up $4.07 during trading on Tuesday, hitting $47.53. 813,012 shares of the company’s stock were exchanged, compared to its average volume of 242,903. The business has a 50-day moving average price of $56.36 and a two-hundred day moving average price of $61.57. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.05 and a beta of 1.43. Perficient, Inc. has a 52-week low of $42.51 and a 52-week high of $96.93.

Perficient (NASDAQ:PRFT) last issued 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). Perficient had a return on equity of 23.39% and a net margin of 10.91%. The company had revenue of $220.79 million for the quarter, compared to analysts’ expectations of $223.79 million. During the same quarter in the prior year, the firm posted $0.98 EPS. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Perficient, Inc. will post 3.42 EPS for the current 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.