Ralph C. Derrickson Purchases 1,434 Shares of Perficient Inc. (PRFT) Stock
Perficient Inc. (NASDAQ:PRFT) Director Ralph C. Derrickson purchased 1,434 shares of Perficient stock in a transaction that occurred on Friday, November 11th. The stock was acquired at an average cost of $17.44 per share, with a total value of $25,008.96. Following the transaction, the director now owns 39,218 shares in the company, valued at approximately $683,961.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Perficient Inc. (NASDAQ:PRFT) traded up 1.24% during trading on Thursday, reaching $17.92. The company’s stock had a trading volume of 8,535 shares. The firm has a market cap of $646.11 billion, a P/E ratio of 25.60 and a beta of 0.98. Perficient Inc. has a one year low of $14.15 and a one year high of $22.66. The stock’s 50 day moving average is $18.39 and its 200 day moving average is $20.07.
Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, November 3rd. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.09. The business had revenue of $120.90 million for the quarter, compared to the consensus estimate of $122.18 million. Perficient had a net margin of 4.86% and a return on equity of 8.54%. Perficient’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. On average, equities analysts forecast that Perficient Inc. will post $1.08 EPS for the current fiscal year.
PRFT has been the subject of several research reports. Zacks Investment Research raised shares of Perficient from a “sell” rating to a “hold” rating in a research report on Thursday, October 6th. Avondale Partners cut Perficient from an “outperform” rating to a “market perform” rating in a research note on Friday, November 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $25.00.
Several institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its position in shares of Perficient by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,931 shares of the company’s stock worth $100,000 after buying an additional 596 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Perficient by 290.6% in the second quarter. Advisors Asset Management Inc. now owns 5,593 shares of the company’s stock valued at $114,000 after buying an additional 4,161 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Perficient by 35.9% in the second quarter. Victory Capital Management Inc. now owns 6,200 shares of the company’s stock valued at $126,000 after buying an additional 1,637 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Perficient by 179.4% in the second quarter. BlackRock Inc. now owns 6,471 shares of the company’s stock valued at $132,000 after buying an additional 4,155 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in shares of Perficient during the second quarter valued at $143,000. Institutional investors own 79.63% of the company’s stock.
Perficient, Inc is an information technology and management consulting firm. The Company designs, builds and delivers business-driven technology solutions using third-party software products. Its solutions include big data and analytics, technology platform implementations, commerce, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, content management (CM), business process management (BPM), and customer relationship management (CRM), among others.
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