OxFORD Asset Management LLP lowered its position in shares of Perficient, Inc. (NASDAQ:PRFT) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,200 shares of the digital transformation consultancy’s stock after selling 5,514 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.25% of Perficient worth $1,714,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Perficient in the third quarter valued at approximately $118,000. Victory Capital Management Inc. increased its holdings in shares of Perficient by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,070 shares of the digital transformation consultancy’s stock valued at $150,000 after purchasing an additional 1,210 shares during the last quarter. Simplex Trading LLC increased its holdings in shares of Perficient by 4,251.0% in the third quarter. Simplex Trading LLC now owns 8,702 shares of the digital transformation consultancy’s stock valued at $171,000 after purchasing an additional 8,502 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Perficient by 412.9% in the third quarter. Sei Investments Co. now owns 8,873 shares of the digital transformation consultancy’s stock valued at $175,000 after purchasing an additional 7,143 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Perficient by 66.4% in the second quarter. BNP Paribas Arbitrage SA now owns 10,851 shares of the digital transformation consultancy’s stock valued at $202,000 after purchasing an additional 4,330 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.
Perficient, Inc. (PRFT) opened at $19.45 on Friday. Perficient, Inc. has a 52-week low of $16.20 and a 52-week high of $20.22. The company has a market capitalization of $678.96, a price-to-earnings ratio of 22.36 and a beta of 0.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.92 and a current ratio of 2.92.
In other Perficient news, CFO Paul E. Martin sold 6,082 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $20.20, for a total value of $122,856.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Kathryn J. Henely sold 31,075 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $19.33, for a total value of $600,679.75. Following the completion of the sale, the chief operating officer now owns 246,657 shares in the company, valued at $4,767,879.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,022 shares of company stock valued at $2,201,082. 3.70% of the stock is currently owned by company insiders.
Several brokerages recently weighed in on PRFT. Maxim Group reiterated a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of Perficient in a research report on Thursday, November 2nd. Zacks Investment Research lowered Perficient from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. Finally, BidaskClub upgraded Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $21.33.
Perficient Company Profile
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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