Perficient, Inc. (PRFT) Chairman Jeffrey S. Davis Sells 39,023 Shares
Perficient, Inc. (NASDAQ:PRFT) Chairman Jeffrey S. Davis sold 39,023 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $20.04, for a total value of $782,020.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Perficient, Inc. (NASDAQ PRFT) traded up 0.20% during mid-day trading on Thursday, reaching $19.99. The company had a trading volume of 72,767 shares. The company has a market capitalization of $701.99 million, a PE ratio of 48.52 and a beta of 0.89. Perficient, Inc. has a 1-year low of $14.15 and a 1-year high of $20.22. The firm has a 50-day moving average of $18.70 and a 200 day moving average of $17.86.
Perficient (NASDAQ:PRFT) last released its quarterly earnings results on Thursday, August 3rd. The digital transformation consultancy reported $0.29 earnings per share for the quarter, meeting the 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 return on equity of 7.42% and a net margin of 3.08%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. On average, analysts predict that Perficient, Inc. will post $1.23 earnings per share for the current fiscal year.
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Several research analysts have recently commented on PRFT shares. Zacks Investment Research lowered Perficient from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub lowered Perficient from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Maxim Group set a $20.00 price objective on Perficient and gave the stock a “buy” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $20.67.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRFT. BNP Paribas Arbitrage SA grew its holdings in Perficient by 10.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,521 shares of the digital transformation consultancy’s stock valued at $113,000 after buying an additional 637 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Perficient by 31.1% during the 1st quarter. Victory Capital Management Inc. now owns 6,860 shares of the digital transformation consultancy’s stock valued at $119,000 after buying an additional 1,629 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Perficient by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,942 shares of the digital transformation consultancy’s stock valued at $129,000 after buying an additional 3,032 shares in the last quarter. Mason Street Advisors LLC grew its holdings in Perficient by 5.1% during the 1st quarter. Mason Street Advisors LLC now owns 8,282 shares of the digital transformation consultancy’s stock valued at $144,000 after buying an additional 403 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in Perficient during the 1st quarter valued at approximately $181,000. Institutional investors and hedge funds own 75.08% of the company’s stock.
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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