Mutual of America Capital Management LLC trimmed its holdings in Perficient, Inc. (NASDAQ:PRFT) by 6.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 208,831 shares of the digital transformation consultancy’s stock after selling 13,680 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Perficient were worth $5,565,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Perficient by 9.9% in the second quarter. BlackRock Inc. now owns 4,927,517 shares of the digital transformation consultancy’s stock worth $129,937,000 after purchasing an additional 443,431 shares during the last quarter. Rothschild Asset Management Inc. purchased a new position in Perficient in the second quarter worth about $8,104,000. KAMES CAPITAL plc purchased a new position in Perficient in the third quarter worth about $6,839,000. Systematic Financial Management LP boosted its position in Perficient by 388.7% in the second quarter. Systematic Financial Management LP now owns 302,431 shares of the digital transformation consultancy’s stock worth $7,975,000 after purchasing an additional 240,541 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its position in Perficient by 77,304.3% in the second quarter. Federated Investors Inc. PA now owns 233,761 shares of the digital transformation consultancy’s stock worth $6,164,000 after purchasing an additional 233,459 shares during the last quarter. Institutional investors own 86.29% of the company’s stock.
In related news, Director James R. Kackley acquired 1,000 shares of the stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average cost of $25.16 per share, with a total value of $25,160.00. Following the transaction, the director now directly owns 41,019 shares in the company, valued at $1,032,038.04. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.70% of the stock is owned by insiders.
PRFT stock opened at $23.71 on Friday. Perficient, Inc. has a twelve month low of $18.23 and a twelve month high of $31.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.93 and a current ratio of 2.93. The stock has a market cap of $813.95 million, a PE ratio of 24.96, a P/E/G ratio of 1.86 and a beta of 0.80.
Perficient (NASDAQ:PRFT) last posted its quarterly earnings data on Thursday, November 1st. The digital transformation consultancy reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.11. Perficient had a return on equity of 10.69% and a net margin of 4.70%. The firm had revenue of $123.90 million for the quarter, compared to analysts’ expectations of $124.91 million. During the same period in the previous year, the firm earned $0.34 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts forecast that Perficient, Inc. will post 1.17 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. BidaskClub cut Perficient from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. 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 on the stock. SunTrust Banks raised their target price on Perficient to $33.00 and gave the stock a “buy” rating in a research report on Friday, September 14th. Zacks Investment Research raised Perficient from a “sell” rating to a “hold” rating in a research report on Thursday, November 29th. Finally, Jefferies Financial Group assumed coverage on Perficient in a research report on Tuesday, November 20th. They issued a “buy” rating and a $30.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $30.83.
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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