Insider Selling: Perficient, Inc. (NASDAQ:PRFT) Director Sells $360,900.00 in Stock

Perficient, Inc. (NASDAQ:PRFT) Director David S. Lundeen sold 10,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $36.09, for a total value of $360,900.00. Following the completion of the sale, the director now owns 48,857 shares of the company’s stock, valued at $1,763,249.13. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Perficient stock opened at $36.29 on Friday. The business has a 50-day moving average of $35.30 and a 200-day moving average of $30.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.30 and a quick ratio of 2.30. The company has a market capitalization of $1.21 billion, a PE ratio of 29.99, a P/E/G ratio of 2.13 and a beta of 0.87. Perficient, Inc. has a 1-year low of $20.92 and a 1-year high of $38.80.

Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, August 1st. The digital transformation consultancy reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $141.90 million during the quarter, compared to the consensus estimate of $137.05 million. Perficient had a return on equity of 12.31% and a net margin of 5.52%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. On average, equities analysts expect that Perficient, Inc. will post 1.58 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. GYL Financial Synergies LLC bought a new position in shares of Perficient during the first quarter worth about $1,167,000. Bowling Portfolio Management LLC bought a new position in shares of Perficient during the second quarter worth about $777,000. JPMorgan Chase & Co. lifted its position in shares of Perficient by 7.5% during the first quarter. JPMorgan Chase & Co. now owns 872,921 shares of the digital transformation consultancy’s stock worth $23,909,000 after purchasing an additional 60,643 shares during the last quarter. KAMES CAPITAL plc lifted its position in shares of Perficient by 72.9% during the second quarter. KAMES CAPITAL plc now owns 487,844 shares of the digital transformation consultancy’s stock worth $16,728,000 after purchasing an additional 205,642 shares during the last quarter. Finally, New Amsterdam Partners LLC NY bought a new position in shares of Perficient during the first quarter worth about $3,206,000. Institutional investors own 91.78% of the company’s stock.

Several analysts recently issued reports on the company. Barrington Research increased their price target on Perficient from $37.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. BidaskClub upgraded Perficient from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 20th. Maxim Group restated a “buy” rating and set a $41.00 target price on shares of Perficient in a research note on Wednesday, July 24th. Zacks Investment Research upgraded Perficient from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research note on Tuesday, August 6th. Finally, Nomura started coverage on Perficient in a research note on Friday, June 21st. They set a “buy” rating and a $40.00 target price for the company. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $38.33.

Perficient Company 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, commerce, content management, 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.

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Insider Buying and Selling by Quarter for Perficient (NASDAQ:PRFT)

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