Swiss National Bank Sells 7,900 Shares of Perficient, Inc. (NASDAQ:PRFT)

Swiss National Bank trimmed its position in shares of Perficient, Inc. (NASDAQ:PRFT – Free Report) by 10.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 68,700 shares of the digital transformation consultancy’s stock after selling 7,900 shares during the quarter. Swiss National Bank’s holdings in Perficient were worth $4,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Anchor Capital Advisors LLC boosted its position in Perficient by 18.4% in the fourth quarter. Anchor Capital Advisors LLC now owns 18,689 shares of the digital transformation consultancy’s stock worth $1,230,000 after purchasing an additional 2,903 shares during the last quarter. Intrust Bank NA increased its position in Perficient by 41.0% in the fourth quarter. Intrust Bank NA now owns 5,873 shares of the digital transformation consultancy’s stock worth $387,000 after buying an additional 1,707 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Perficient in the fourth quarter worth about $28,000. Linden Thomas Advisory Services LLC bought a new position in shares of Perficient in the fourth quarter worth about $253,000. Finally, Cetera Trust Company N.A purchased a new position in shares of Perficient during the 4th quarter valued at about $161,000. Institutional investors own 95.00% of the company’s stock.

Insider Buying and Selling at Perficient

In other news, SVP Kevin Thomas Sheen sold 684 shares of the business’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 sale, the senior vice president now directly owns 26,533 shares in the company, valued at approximately $1,831,838.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Kevin Thomas Sheen sold 684 shares of Perficient stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $69.04, for a total value of $47,223.36. Following the completion of the transaction, the senior vice president now owns 26,533 shares in the company, valued at approximately $1,831,838.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas J. Hogan sold 8,801 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total value of $591,955.26. Following the sale, the chief executive officer now owns 193,304 shares in the company, valued at approximately $13,001,627.04. The disclosure for this sale can be found here. Insiders sold 13,149 shares of company stock worth $885,619 over the last 90 days. 2.10% of the stock is owned by insiders.

Perficient Price Performance

NASDAQ:PRFT opened at $73.63 on Friday. The business’s 50-day moving average is $56.53 and its 200 day moving average is $62.59. Perficient, Inc. has a 12 month low of $42.51 and a 12 month high of $96.93. The company has a market capitalization of $2.59 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.86 and a beta of 1.46. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 0.72.

Perficient (NASDAQ:PRFT – Get Free Report) last issued its quarterly earnings data on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Perficient had a return on equity of 19.50% and a net margin of 9.40%. The business had revenue of $215.30 million for the quarter, compared to analysts’ expectations of $224.99 million. During the same period in the prior year, the firm earned $0.89 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities research analysts forecast that Perficient, Inc. will post 3.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PRFT has been the topic of a number of recent analyst reports. Guggenheim started coverage on shares of Perficient in a research note on Tuesday, March 19th. They set a “neutral” rating and a $65.00 target price on the stock. Alliance Global Partners restated a “neutral” rating on shares of Perficient in a research report on Tuesday, May 7th. Barrington Research reaffirmed a “market perform” rating on shares of Perficient in a report on Tuesday, May 7th. Maxim Group reissued a “hold” rating and set a $76.00 price target on shares of Perficient in a report on Tuesday, May 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Perficient in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, Perficient has an average rating of “Hold” and a consensus target price of $70.43.

View Our Latest Stock Analysis on PRFT

Perficient Profile

(Free Report)

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.

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