Perficient, Inc. (PRFT) Shares Bought by ClariVest Asset Management LLC
ClariVest Asset Management LLC boosted its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 24.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 131,016 shares of the digital transformation consultancy’s stock after buying an additional 26,038 shares during the period. ClariVest Asset Management LLC owned approximately 0.38% of Perficient worth $2,577,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in PRFT. California Public Employees Retirement System raised its position in shares of Perficient by 2.2% during the second quarter. California Public Employees Retirement System now owns 146,400 shares of the digital transformation consultancy’s stock worth $2,729,000 after purchasing an additional 3,200 shares during the period. Goldman Sachs Group Inc. raised its stake in Perficient by 76.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 178,301 shares of the digital transformation consultancy’s stock valued at $3,324,000 after purchasing an additional 77,429 shares during the last quarter. Morgan Stanley raised its stake in Perficient by 15.6% during the 1st quarter. Morgan Stanley now owns 225,480 shares of the digital transformation consultancy’s stock valued at $3,916,000 after purchasing an additional 30,353 shares during the last quarter. Systematic Financial Management LP raised its stake in Perficient by 14.9% during the 2nd quarter. Systematic Financial Management LP now owns 85,705 shares of the digital transformation consultancy’s stock valued at $1,598,000 after purchasing an additional 11,140 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Perficient by 332.4% during the 2nd quarter. Alliancebernstein L.P. now owns 199,350 shares of the digital transformation consultancy’s stock valued at $3,716,000 after purchasing an additional 153,250 shares during the last quarter. Hedge funds and other institutional investors own 79.85% of the company’s stock.
PRFT has been the subject of several research analyst reports. Maxim Group set a $20.00 target price on shares of Perficient and gave the company a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Perficient from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded shares of Perficient from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Perficient has a consensus rating of “Buy” and an average price target of $21.33.
Shares of Perficient, Inc. (NASDAQ:PRFT) traded up $0.19 during trading on Tuesday, hitting $19.47. 120,200 shares of the company were exchanged, compared to its average volume of 147,653. The firm has a market cap of $673.03, a PE ratio of 22.16 and a beta of 0.85. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.18. Perficient, Inc. has a 1-year low of $16.20 and a 1-year high of $20.22.
Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $127.51 million. Perficient had a net margin of 3.36% and a return on equity of 8.05%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. equities analysts predict that Perficient, Inc. will post 0.93 EPS for the current year.
In other Perficient news, CFO Paul E. Martin sold 20,000 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $19.37, for a total transaction of $387,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Paul E. Martin sold 6,082 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $20.20, for a total transaction of $122,856.40. The disclosure for this sale can be found here. Insiders have sold a total of 80,947 shares of company stock valued at $1,600,402 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.
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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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