Knights of Columbus Asset Advisors LLC Buys 34,838 Shares of Perficient, Inc. (NASDAQ:PRFT)

Knights of Columbus Asset Advisors LLC boosted its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 79.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,875 shares of the digital transformation consultancy’s stock after acquiring an additional 34,838 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.23% of Perficient worth $5,192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PRFT. US Bancorp DE increased its holdings in shares of Perficient by 22.2% in the first quarter. US Bancorp DE now owns 2,282 shares of the digital transformation consultancy’s stock worth $251,000 after purchasing an additional 415 shares during the last quarter. Natixis Advisors L.P. bought a new stake in Perficient in the 1st quarter worth approximately $1,742,000. Bank of Montreal Can raised its holdings 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 worth $2,830,000 after acquiring an additional 1,639 shares in the last quarter. MetLife Investment Management LLC boosted 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 last quarter. Finally, Panagora Asset Management Inc. boosted 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 last quarter. 95.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Perficient Stock Up 2.7 %

Shares of NASDAQ PRFT opened at $44.80 on Friday. Perficient, Inc. has a 1 year low of $43.39 and a 1 year high of $96.93. The firm has a 50-day simple moving average of $59.51 and a two-hundred day simple moving average of $62.21. The company has a market cap of $1.57 billion, a P/E ratio of 16.23, a PEG ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.15 and a quick ratio of 4.15.

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

Insider Activity

In related news, SVP Kevin Thomas Sheen sold 684 shares of the firm’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 transaction, the senior vice president now owns 26,533 shares of the company’s stock, valued at approximately $1,831,838.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Perficient 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 transaction, the senior vice president now directly owns 26,533 shares in the company, valued at approximately $1,831,838.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas J. Hogan sold 8,801 shares of Perficient stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total transaction of $591,955.26. Following the sale, the chief executive officer now directly owns 193,304 shares of the company’s stock, valued at approximately $13,001,627.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,149 shares of company stock valued at $885,619. 2.50% of the stock is currently owned by company insiders.

About Perficient

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.