Perficient, Inc. (PRFT) Insider Jeffrey Davis Sells 2,542 Shares
Perficient, Inc. (NASDAQ:PRFT) insider Jeffrey Davis sold 2,542 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $19.92, for a total value of $50,636.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Perficient, Inc. (NASDAQ PRFT) traded up 0.81% during mid-day trading on Tuesday, hitting $19.90. The stock had a trading volume of 83,932 shares. The stock’s 50-day moving average is $18.63 and its 200 day moving average is $17.84. Perficient, Inc. has a 12 month low of $14.15 and a 12 month high of $19.95. The firm has a market cap of $698.83 million, a PE ratio of 48.30 and a beta of 0.89.
Perficient (NASDAQ:PRFT) last released its quarterly earnings data on Thursday, August 3rd. The digital transformation consultancy reported $0.29 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $117.00 million during the quarter, compared to analysts’ expectations of $119.21 million. Perficient had a net margin of 2.06% and a return on equity of 2.69%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. Equities research analysts predict that Perficient, Inc. will post $1.23 earnings per share for the current fiscal year.
A number of analysts have weighed in on PRFT shares. Maxim Group set a $20.00 target price on Perficient and gave the stock a “buy” rating in a report on Saturday, June 24th. BidaskClub lowered Perficient from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Zacks Investment Research upgraded Perficient from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.67.
Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Perficient by 4.2% during the 2nd quarter. State Street Corp now owns 950,640 shares of the digital transformation consultancy’s stock worth $17,721,000 after purchasing an additional 38,626 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Perficient during the 2nd quarter worth $206,000. AHL Partners LLP lifted its position in shares of Perficient by 73.4% during the 2nd quarter. AHL Partners LLP now owns 42,946 shares of the digital transformation consultancy’s stock worth $801,000 after purchasing an additional 18,175 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Perficient by 76.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 178,301 shares of the digital transformation consultancy’s stock worth $3,324,000 after purchasing an additional 77,429 shares during the last quarter. Finally, Numeric Investors LLC lifted its position in shares of Perficient by 56.5% during the 2nd quarter. Numeric Investors LLC now owns 33,800 shares of the digital transformation consultancy’s stock worth $630,000 after purchasing an additional 12,200 shares during the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.
Perficient, Inc is a digital transformation consultancy. 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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