GSA Capital Partners LLP bought a new position in shares of Perficient Inc. (NASDAQ:PRFT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,955 shares of the company’s stock, valued at approximately $365,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Falcon Point Capital LLC increased its position in Perficient by 3.8% in the second quarter. Falcon Point Capital LLC now owns 542,314 shares of the company’s stock worth $11,014,000 after buying an additional 19,904 shares in the last quarter. Skyline Asset Management LP increased its position in Perficient by 2.4% in the first quarter. Skyline Asset Management LP now owns 1,153,300 shares of the company’s stock worth $25,050,000 after buying an additional 26,700 shares in the last quarter. BlackRock Group LTD increased its position in Perficient by 11.2% in the first quarter. BlackRock Group LTD now owns 35,422 shares of the company’s stock worth $769,000 after buying an additional 3,568 shares in the last quarter. Prudential Financial Inc. increased its position in Perficient by 6.7% in the first quarter. Prudential Financial Inc. now owns 90,448 shares of the company’s stock worth $1,965,000 after buying an additional 5,700 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Perficient during the first quarter worth $1,023,000. 78.61% of the stock is currently owned by institutional investors.
Shares of Perficient Inc. (NASDAQ:PRFT) traded down 1.79% during mid-day trading on Friday, reaching $19.79. The company’s stock had a trading volume of 200,837 shares. The firm has a market cap of $714.48 million, a P/E ratio of 26.46 and a beta of 1.35. The firm’s 50-day moving average price is $20.06 and its 200 day moving average price is $20.62. Perficient Inc. has a 12-month low of $14.90 and a 12-month high of $22.66.
Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, August 4th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Perficient had a return on equity of 9.65% and a net margin of 5.20%. The business had revenue of $124.40 million for the quarter, compared to analysts’ expectations of $124.88 million. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, analysts expect that Perficient Inc. will post $1.29 EPS for the current year.
A number of research analysts have weighed in on PRFT shares. Sidoti started coverage on Perficient in a report on Friday, June 24th. They issued a “buy” rating and a $27.00 target price on the stock. Zacks Investment Research cut Perficient from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th.
Perficient Company Profile
Perficient, Inc is an information technology and management consulting firm. The Company designs, builds and delivers business-driven technology solutions using third-party software products. Its solutions include big data and analytics, technology platform implementations, commerce, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, content management (CM), business process management (BPM), and customer relationship management (CRM), among others.
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