Royal Bank of Canada trimmed its stake in Perficient, Inc. (NASDAQ:PRFT) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 997,529 shares of the digital transformation consultancy’s stock after selling 1,402 shares during the period. Royal Bank of Canada owned about 2.84% of Perficient worth $18,594,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in shares of Perficient by 10.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,521 shares of the digital transformation consultancy’s stock valued at $113,000 after acquiring an additional 637 shares during the period. Victory Capital Management Inc. increased its stake 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 worth $119,000 after buying an additional 1,629 shares during the period. State of Alaska Department of Revenue increased its stake 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 worth $129,000 after buying an additional 3,032 shares during the period. Mason Street Advisors LLC increased its stake 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 worth $144,000 after buying an additional 403 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new stake in Perficient during the 1st quarter worth approximately $181,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Ralph C. Derrickson sold 7,900 shares of Perficient stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $17.64, for a total transaction of $139,356.00. Following the sale, the director now owns 32,747 shares in the company, valued at $577,657.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul E. Martin sold 20,000 shares of Perficient stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $19.37, for a total transaction of $387,400.00. The disclosure for this sale can be found here. Insiders have sold 43,742 shares of company stock worth $834,881 in the last quarter. Insiders own 3.70% of the company’s stock.
Perficient, Inc. (NASDAQ:PRFT) opened at 19.95 on Thursday. Perficient, Inc. has a 12-month low of $14.15 and a 12-month high of $20.22. The firm’s 50-day moving average is $18.70 and its 200 day moving average is $17.86. The firm has a market cap of $700.58 million, a PE ratio of 48.42 and a beta of 0.89.
Perficient (NASDAQ:PRFT) last posted its quarterly earnings data on Thursday, August 3rd. The digital transformation consultancy reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $117.00 million for the quarter, compared to analyst estimates of $119.21 million. Perficient had a net margin of 3.08% and a return on equity of 7.42%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. Equities research analysts predict that Perficient, Inc. will post $1.23 EPS for the current year.
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PRFT has been the topic of several recent research reports. Maxim Group set a $20.00 target price on shares of Perficient and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Perficient from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, August 30th. Finally, BidaskClub raised shares of Perficient from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Perficient currently has a consensus rating of “Buy” and a consensus target price of $20.67.
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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