Sawgrass Asset Management LLC cut its holdings in Perficient, Inc. (NASDAQ:PRFT) by 42.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,960 shares of the digital transformation consultancy’s stock after selling 28,725 shares during the quarter. Sawgrass Asset Management LLC owned approximately 0.12% of Perficient worth $867,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Engineers Gate Manager LP acquired a new stake in Perficient in the third quarter worth about $205,000. Highbridge Capital Management LLC acquired a new stake in Perficient in the third quarter worth about $2,977,000. BlackRock Inc. increased its position in Perficient by 2.9% in the third quarter. BlackRock Inc. now owns 5,072,288 shares of the digital transformation consultancy’s stock worth $135,176,000 after purchasing an additional 144,771 shares during the period. KAMES CAPITAL plc increased its position in Perficient by 24.1% in the fourth quarter. KAMES CAPITAL plc now owns 318,558 shares of the digital transformation consultancy’s stock worth $7,088,000 after purchasing an additional 61,844 shares during the period. Finally, Perkins Capital Management Inc. increased its position in Perficient by 90.0% in the third quarter. Perkins Capital Management Inc. now owns 19,000 shares of the digital transformation consultancy’s stock worth $506,000 after purchasing an additional 9,000 shares during the period. Institutional investors own 85.87% of the company’s stock.
In related news, Director James R. Kackley bought 1,000 shares of Perficient stock in a transaction on Tuesday, November 13th. The shares were purchased at an average price of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the acquisition, the director now owns 41,019 shares in the company, valued at $1,032,038.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is currently owned by company insiders.
A number of equities analysts have issued reports on PRFT shares. Zacks Investment Research upgraded Perficient from a “sell” rating to a “hold” rating in a report on Thursday, November 29th. Jefferies Financial Group started coverage on Perficient in a report on Tuesday, November 20th. They set a “buy” rating and a $30.00 target price on the stock. BidaskClub upgraded Perficient from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Finally, Barrington Research started coverage on Perficient in a report on Wednesday, October 10th. They set an “outperform” rating and a $31.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.83.
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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, 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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