Perficient, Inc. (NASDAQ:PRFT) CEO Jeffrey S. Davis sold 4,649 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $23.88, for a total transaction of $111,018.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jeffrey S. Davis also recently made the following trade(s):
- On Monday, March 12th, Jeffrey S. Davis sold 43,413 shares of Perficient stock. The stock was sold at an average price of $23.91, for a total transaction of $1,038,004.83.
Perficient, Inc. (NASDAQ:PRFT) opened at $24.12 on Tuesday. The company has a market cap of $841.98, a PE ratio of 60.30 and a beta of 0.80. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. Perficient, Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $24.26.
Perficient declared that its Board of Directors has approved a share buyback program on Thursday, March 1st that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the digital transformation consultancy to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
PRFT has been the subject of a number of research reports. BidaskClub raised shares of Perficient from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Zacks Investment Research raised shares of Perficient from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, January 4th. TheStreet raised shares of Perficient from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Maxim Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Perficient in a research note on Friday, February 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of Perficient in a report on Thursday, March 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.00.
A number of institutional investors have recently made changes to their positions in PRFT. SG Americas Securities LLC bought a new position in Perficient in the third quarter worth about $118,000. Bank of Montreal Can raised its holdings in Perficient by 3,261.0% in the fourth quarter. Bank of Montreal Can now owns 7,159 shares of the digital transformation consultancy’s stock worth $136,000 after purchasing an additional 6,946 shares in the last quarter. Sei Investments Co. raised its holdings in Perficient by 412.9% in the third quarter. Sei Investments Co. now owns 8,873 shares of the digital transformation consultancy’s stock worth $175,000 after purchasing an additional 7,143 shares in the last quarter. KBC Group NV raised its holdings in Perficient by 152.7% in the third quarter. KBC Group NV now owns 10,275 shares of the digital transformation consultancy’s stock worth $202,000 after purchasing an additional 6,209 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Perficient in the fourth quarter worth about $231,000. Institutional investors and hedge funds own 82.42% of the company’s stock.
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Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.
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