Trexquant Investment LP Purchases Shares of 12,922 Perficient, Inc. (PRFT)

Trexquant Investment LP purchased a new stake in Perficient, Inc. (NASDAQ:PRFT) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 12,922 shares of the digital transformation consultancy’s stock, valued at approximately $344,000.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Perficient by 2.9% during the 3rd quarter. BlackRock Inc. now owns 5,072,288 shares of the digital transformation consultancy’s stock valued at $135,176,000 after purchasing an additional 144,771 shares during the period. Northern Trust Corp boosted its stake in Perficient by 6.1% during the 2nd quarter. Northern Trust Corp now owns 871,385 shares of the digital transformation consultancy’s stock valued at $22,978,000 after purchasing an additional 49,932 shares during the period. Russell Investments Group Ltd. boosted its stake in Perficient by 2.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 453,246 shares of the digital transformation consultancy’s stock valued at $11,952,000 after purchasing an additional 10,640 shares during the period. Bank of New York Mellon Corp boosted its stake in Perficient by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 444,431 shares of the digital transformation consultancy’s stock valued at $11,844,000 after purchasing an additional 13,745 shares during the period. Finally, ClariVest Asset Management LLC boosted its stake in Perficient by 66.8% during the 3rd quarter. ClariVest Asset Management LLC now owns 319,293 shares of the digital transformation consultancy’s stock valued at $8,508,000 after purchasing an additional 127,894 shares during the period. 86.29% of the stock is owned by hedge funds and other institutional investors.

PRFT stock opened at $23.71 on Friday. Perficient, Inc. has a 52 week low of $18.23 and a 52 week high of $31.09. The stock has a market cap of $813.95 million, a price-to-earnings ratio of 24.96, a P/E/G ratio of 1.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.93 and a current ratio of 2.93.

Perficient (NASDAQ:PRFT) last released its quarterly earnings results on Thursday, November 1st. The digital transformation consultancy reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. Perficient had a net margin of 4.70% and a return on equity of 10.69%. The company had revenue of $123.90 million for the quarter, compared to the consensus estimate of $124.91 million. During the same period in the previous year, the firm earned $0.34 EPS. Perficient’s revenue was up .2% on a year-over-year basis. On average, research analysts expect that Perficient, Inc. will post 1.17 EPS for the current year.

In related news, Director James R. Kackley purchased 1,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were bought at an average cost of $25.16 per share, for a total transaction of $25,160.00. Following the transaction, the director now owns 41,019 shares of the company’s stock, valued at $1,032,038.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by insiders.

PRFT has been the subject of a number of analyst reports. BidaskClub raised shares of Perficient from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. SunTrust Banks boosted their price target on shares of Perficient to $33.00 and gave the stock a “buy” rating in a research report on Friday, September 14th. Maxim Group started coverage on shares of Perficient in a research report on Tuesday, October 2nd. They set a “buy” rating and a $34.00 price target on the stock. Barrington Research started coverage on shares of Perficient in a research report on Wednesday, October 10th. They set an “outperform” rating and a $31.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Perficient from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.83.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.com-unik.info/2018/12/08/trexquant-investment-lp-purchases-shares-of-12922-perficient-inc-prft.html.

Perficient Profile

Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.

Featured Article: What are the risks of holding treasury bonds?

Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

Receive News & Ratings for Perficient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perficient and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit