Geneva Capital Management LLC Boosts Holdings in Perficient, Inc. (NASDAQ:PRFT)

Geneva Capital Management LLC increased its position in Perficient, Inc. (NASDAQ:PRFT) by 0.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 952,399 shares of the digital transformation consultancy’s stock after acquiring an additional 2,825 shares during the quarter. Geneva Capital Management LLC owned about 2.74% of Perficient worth $62,687,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Perficient by 3.8% during the third quarter. Vanguard Group Inc. now owns 4,316,958 shares of the digital transformation consultancy’s stock worth $249,779,000 after purchasing an additional 158,842 shares in the last quarter. Congress Asset Management Co. MA raised its position in Perficient by 69.1% during the third quarter. Congress Asset Management Co. MA now owns 1,378,597 shares of the digital transformation consultancy’s stock valued at $79,766,000 after purchasing an additional 563,290 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Perficient by 12.6% during the third quarter. Victory Capital Management Inc. now owns 1,161,771 shares of the digital transformation consultancy’s stock worth $67,220,000 after purchasing an additional 130,099 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Perficient in the 3rd quarter worth about $32,578,000. Finally, Lord Abbett & CO. LLC increased its position in shares of Perficient by 56.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 466,158 shares of the digital transformation consultancy’s stock valued at $26,972,000 after purchasing an additional 167,266 shares during the last quarter. 95.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PRFT has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Perficient from $71.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Barrington Research reiterated a “market perform” rating on shares of Perficient in a research report on Tuesday. StockNews.com lowered shares of Perficient from a “hold” rating to a “sell” rating in a research report on Tuesday. Maxim Group reiterated a “hold” rating and issued a $76.00 price objective on shares of Perficient in a report on Tuesday. Finally, Alliance Global Partners restated a “neutral” rating on shares of Perficient in a report on Tuesday. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.43.

Perficient Stock Up 0.0 %

Shares of NASDAQ:PRFT traded up $0.03 during midday trading on Thursday, reaching $73.58. The company’s stock had a trading volume of 590,962 shares, compared to its average volume of 450,567. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average of $55.17 and a 200-day moving average of $61.60. The firm has a market capitalization of $2.58 billion, a P/E ratio of 26.65, a PEG ratio of 1.17 and a beta of 1.46. Perficient, Inc. has a 12-month low of $42.51 and a 12-month high of $96.93.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings data on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Perficient had a net margin of 10.91% and a return on equity of 23.39%. The business had revenue of $215.30 million for the quarter, compared to analysts’ expectations of $224.99 million. During the same quarter in the prior year, the company earned $0.89 earnings per share. The business’s revenue was down 7.0% compared to the same quarter last year. On average, research analysts anticipate that Perficient, Inc. will post 3.42 earnings per share for the current year.

Insider Buying and Selling at Perficient

In other news, CEO Thomas J. Hogan sold 8,801 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total value of $591,955.26. Following the sale, the chief executive officer now directly owns 193,304 shares of the company’s stock, valued at $13,001,627.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Thomas J. Hogan sold 8,801 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total value of $591,955.26. Following the transaction, the chief executive officer now owns 193,304 shares in the company, valued at approximately $13,001,627.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Paul E. Martin sold 3,664 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total transaction of $246,440.64. Following the completion of the transaction, the chief financial officer now owns 212,642 shares of the company’s stock, valued at $14,302,300.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,149 shares of company stock worth $885,619. 2.10% of the stock is owned by insiders.

Perficient Company Profile

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.