Values First Advisors Inc. Raises Stock Holdings in Perficient, Inc. (NASDAQ:PRFT)

Values First Advisors Inc. increased its position in Perficient, Inc. (NASDAQ:PRFT) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,380 shares of the digital transformation consultancy’s stock after buying an additional 314 shares during the period. Values First Advisors Inc.’s holdings in Perficient were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of PRFT. US Bancorp DE raised its stake in shares of Perficient by 22.2% during the 1st quarter. US Bancorp DE now owns 2,282 shares of the digital transformation consultancy’s stock valued at $251,000 after buying an additional 415 shares during the last quarter. Natixis Advisors L.P. acquired a new stake in shares of Perficient during the 1st quarter valued at about $1,742,000. Bank of Montreal Can grew its position in shares of Perficient by 7.1% during the 1st quarter. Bank of Montreal Can now owns 24,675 shares of the digital transformation consultancy’s stock valued at $2,830,000 after acquiring an additional 1,639 shares during the period. MetLife Investment Management LLC grew its position in shares of Perficient by 56.4% during the 1st quarter. MetLife Investment Management LLC now owns 17,325 shares of the digital transformation consultancy’s stock valued at $1,907,000 after acquiring an additional 6,246 shares during the period. Finally, Panagora Asset Management Inc. grew its position in shares of Perficient by 9.9% during the 1st quarter. Panagora Asset Management Inc. now owns 15,272 shares of the digital transformation consultancy’s stock valued at $1,681,000 after acquiring an additional 1,372 shares during the period. Hedge funds and other institutional investors own 95.00% of the company’s stock.

Insider Activity

In other news, SVP Kevin Thomas Sheen sold 684 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $69.04, for a total value of $47,223.36. Following the completion of the sale, the senior vice president now directly owns 26,533 shares of the company’s stock, valued at $1,831,838.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Thomas J. Hogan sold 8,801 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total transaction of $591,955.26. Following the completion of the transaction, the chief executive officer now directly owns 193,304 shares of the company’s stock, valued at $13,001,627.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Thomas Sheen sold 684 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $69.04, for a total transaction of $47,223.36. Following the completion of the transaction, the senior vice president now directly owns 26,533 shares of the company’s stock, valued at $1,831,838.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,149 shares of company stock valued at $885,619. Insiders own 2.50% of the company’s stock.

Perficient Stock Up 3.4 %

Shares of PRFT stock traded up $1.83 on Thursday, reaching $56.29. 465,037 shares of the stock were exchanged, compared to its average volume of 201,779. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.75. Perficient, Inc. has a twelve month low of $51.23 and a twelve month high of $96.93. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.30 and a beta of 1.45. The business’s 50 day moving average price is $66.07 and its 200 day moving average price is $63.20.

Perficient (NASDAQ:PRFT) last released its quarterly earnings data on Tuesday, February 27th. The digital transformation consultancy reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Perficient had a net margin of 10.91% and a return on equity of 23.39%. The company had revenue of $220.79 million during the quarter, compared to analyst estimates of $223.79 million. During the same quarter in the prior year, the company earned $0.98 EPS. The business’s revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Perficient, Inc. will post 3.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PRFT shares. Barrington Research restated an “outperform” rating and set a $77.00 target price on shares of Perficient in a research report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their target price on Perficient from $68.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Scotiabank reduced their price target on shares of Perficient from $70.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Finally, Guggenheim initiated coverage on shares of Perficient in a research report on Tuesday, March 19th. They set a “neutral” rating and a $65.00 price target on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.00.

Perficient Company Profile

Perficient, Inc provides digital consultancy services and solutions in the United States and internationally. It offers strategy and transformation solutions in digital strategy, technology strategy, business velocity and growth, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolios.