Perficient, Inc. (NASDAQ:PRFT) Stake Boosted by Mason Street Advisors LLC

Mason Street Advisors LLC lifted its holdings in Perficient, Inc. (NASDAQ:PRFT) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,654 shares of the digital transformation consultancy’s stock after acquiring an additional 349 shares during the quarter. Mason Street Advisors LLC’s holdings in Perficient were worth $292,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in Perficient by 51.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,238 shares of the digital transformation consultancy’s stock valued at $28,000 after purchasing an additional 421 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Perficient during the first quarter valued at $40,000. Investors Research Corp purchased a new position in Perficient during the first quarter valued at $101,000. BNP Paribas Arbitrage SA lifted its stake in shares of Perficient by 364.5% in the first quarter. BNP Paribas Arbitrage SA now owns 6,731 shares of the digital transformation consultancy’s stock worth $184,000 after buying an additional 5,282 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its stake in shares of Perficient by 581.9% in the fourth quarter. LS Investment Advisors LLC now owns 7,099 shares of the digital transformation consultancy’s stock worth $158,000 after buying an additional 6,058 shares in the last quarter. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Nomura assumed coverage on shares of Perficient in a research note on Friday, June 21st. They issued a “buy” rating and a $40.00 price target on the stock. BidaskClub upgraded shares of Perficient from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 20th. Maxim Group set a $41.00 price target on shares of Perficient and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, Zacks Investment Research upgraded shares of Perficient from a “hold” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research report on Saturday, May 11th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.57.

Perficient stock traded up $0.71 during trading on Friday, reaching $34.32. The stock had a trading volume of 175,457 shares, compared to its average volume of 278,137. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.82 and a current ratio of 2.82. The stock has a market capitalization of $1.13 billion, a PE ratio of 28.36, a PEG ratio of 2.13 and a beta of 0.87. The firm has a 50 day moving average of $31.89. Perficient, Inc. has a 52-week low of $20.92 and a 52-week high of $35.99.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings data on Thursday, May 2nd. The digital transformation consultancy reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.12. The company had revenue of $133.82 million for the quarter, compared to analysts’ expectations of $131.10 million. Perficient had a net margin of 5.21% and a return on equity of 11.50%. Perficient’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. As a group, sell-side analysts expect that Perficient, Inc. will post 1.45 EPS for the current fiscal year.

In related news, CFO Paul E. Martin sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.88, for a total value of $772,000.00. Following the sale, the chief financial officer now directly owns 172,674 shares in the company, valued at approximately $5,332,173.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Jeffrey S. Davis sold 78,296 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.43, for a total transaction of $2,382,547.28. Following the completion of the transaction, the chairman now owns 532,389 shares in the company, valued at $16,200,597.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,196 shares of company stock worth $3,181,205. Corporate insiders own 2.90% of the company’s stock.

Perficient Company Profile

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, commerce, content management, 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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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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