Linden Thomas Advisory Services LLC Invests $253,000 in Perficient, Inc. (NASDAQ:PRFT)

Linden Thomas Advisory Services LLC bought a new stake in Perficient, Inc. (NASDAQ:PRFT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,851 shares of the digital transformation consultancy’s stock, valued at approximately $253,000.

Other hedge funds have also bought and sold shares of the company. Cetera Trust Company N.A purchased a new stake in shares of Perficient during the 4th quarter valued at $161,000. Handelsbanken Fonder AB raised its position in Perficient by 3.8% during the fourth quarter. Handelsbanken Fonder AB now owns 5,412 shares of the digital transformation consultancy’s stock valued at $356,000 after purchasing an additional 200 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in Perficient by 79.1% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 78,875 shares of the digital transformation consultancy’s stock worth $5,192,000 after purchasing an additional 34,838 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new position in shares of Perficient in the 4th quarter worth about $212,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Perficient during the 4th quarter valued at about $1,145,000. 95.00% of the stock is currently owned by institutional investors.

Perficient Trading Up 0.7 %

NASDAQ:PRFT opened at $42.99 on Friday. The firm has a market capitalization of $1.51 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.04 and a beta of 1.43. 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 company has a fifty day moving average of $57.44 and a 200 day moving average of $61.80. Perficient, Inc. has a 52 week low of $42.51 and a 52 week high of $96.93.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Tuesday, February 27th. The digital transformation consultancy reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $220.79 million for the quarter, compared to the consensus estimate of $223.79 million. Perficient had a net margin of 10.91% and a return on equity of 23.39%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share. On average, research analysts predict that Perficient, Inc. will post 3.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Thomas J. Hogan sold 8,801 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 $591,955.26. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. In other Perficient news, CEO Thomas J. Hogan sold 8,801 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total value of $591,955.26. Following the completion of the transaction, the chief executive officer now owns 193,304 shares of the company’s stock, valued at approximately $13,001,627.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Paul E. Martin sold 3,664 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 transaction of $246,440.64. Following the transaction, the chief financial officer now owns 212,642 shares in the company, valued at approximately $14,302,300.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,149 shares of company stock worth $885,619. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PRFT has been the subject of a number of recent research reports. Barrington Research restated an “outperform” rating and issued a $77.00 target price on shares of Perficient in a research report on Wednesday, February 28th. Alliance Global Partners upgraded shares of Perficient from a “neutral” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Tuesday. Guggenheim began coverage on shares of Perficient in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Perficient from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Scotiabank cut their price target on shares of Perficient from $70.00 to $65.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.67.

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.