Perficient, Inc. (NASDAQ:PRFT) CFO Paul E. Martin sold 18,774 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $23.21, for a total transaction of $435,744.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Paul E. Martin also recently made the following trade(s):
- On Friday, March 2nd, Paul E. Martin sold 25,000 shares of Perficient stock. The stock was sold at an average price of $21.21, for a total transaction of $530,250.00.
Perficient, Inc. (NASDAQ:PRFT) traded down $0.18 on Wednesday, reaching $23.75. 198,607 shares of the company’s stock were exchanged, compared to its average volume of 261,046. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $839.79, a PE ratio of 43.18 and a beta of 0.80. Perficient, Inc. has a 52-week low of $16.20 and a 52-week high of $24.30.
Perficient (NASDAQ:PRFT) last released its earnings results on Thursday, March 1st. The digital transformation consultancy reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $133.48 million for the quarter, compared to analysts’ expectations of $119.70 million. Perficient had a net margin of 3.83% and a return on equity of 8.90%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. sell-side analysts expect that Perficient, Inc. will post 1.11 EPS for the current year.
Perficient declared that its board has authorized a share buyback plan on Thursday, March 1st that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the digital transformation consultancy to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRFT. SG Americas Securities LLC purchased a new position in Perficient in the third quarter valued at about $118,000. Bank of Montreal Can raised its position in shares of Perficient by 3,261.0% in the fourth quarter. Bank of Montreal Can now owns 7,159 shares of the digital transformation consultancy’s stock valued at $136,000 after purchasing an additional 6,946 shares during the period. Sei Investments Co. raised its position in shares of Perficient by 412.9% in the third quarter. Sei Investments Co. now owns 8,873 shares of the digital transformation consultancy’s stock valued at $175,000 after purchasing an additional 7,143 shares during the period. KBC Group NV raised its position in shares of Perficient by 152.7% in the third quarter. KBC Group NV now owns 10,275 shares of the digital transformation consultancy’s stock valued at $202,000 after purchasing an additional 6,209 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in shares of Perficient in the fourth quarter valued at approximately $231,000. Hedge funds and other institutional investors own 82.42% of the company’s stock.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Perficient from a “hold” rating to a “sell” rating in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Perficient in a report on Thursday, March 1st. BidaskClub cut shares of Perficient from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine upgraded shares of Perficient from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, TheStreet upgraded shares of Perficient from a “c+” rating to a “b-” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Perficient has an average rating of “Buy” and an average price target of $24.00.
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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