JPMorgan Chase & Co. Sells 32,118 Shares of Perficient, Inc. (PRFT)

JPMorgan Chase & Co. trimmed its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 29.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,856 shares of the digital transformation consultancy’s stock after selling 32,118 shares during the quarter. JPMorgan Chase & Co. owned about 0.22% of Perficient worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Texas Permanent School Fund lifted its position in Perficient by 0.4% during the 2nd quarter. Texas Permanent School Fund now owns 25,735 shares of the digital transformation consultancy’s stock worth $480,000 after acquiring an additional 91 shares during the period. Thrivent Financial For Lutherans lifted its position in Perficient by 1.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 19,910 shares of the digital transformation consultancy’s stock worth $346,000 after acquiring an additional 380 shares during the period. Mason Street Advisors LLC lifted its position in Perficient by 5.1% during the 1st quarter. Mason Street Advisors LLC now owns 8,282 shares of the digital transformation consultancy’s stock worth $144,000 after acquiring an additional 403 shares during the period. BNP Paribas Arbitrage SA lifted its position in Perficient by 10.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,521 shares of the digital transformation consultancy’s stock worth $113,000 after acquiring an additional 637 shares during the period. Finally, Anchor Capital Advisors LLC lifted its position in Perficient by 1.6% during the 2nd quarter. Anchor Capital Advisors LLC now owns 63,854 shares of the digital transformation consultancy’s stock worth $1,190,000 after acquiring an additional 990 shares during the period. 75.08% of the stock is owned by institutional investors.

In other news, CFO Paul E. Martin sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $19.37, for a total transaction of $387,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey S. Davis sold 2,542 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $19.92, for a total value of $50,636.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,847 shares of company stock valued at $1,739,758. Insiders own 3.70% of the company’s stock.

Shares of Perficient, Inc. (NASDAQ PRFT) opened at 19.75 on Wednesday. Perficient, Inc. has a 52-week low of $14.15 and a 52-week high of $20.22. The firm’s 50-day moving average price is $18.86 and its 200-day moving average price is $17.90. The firm has a market capitalization of $693.56 million, a PE ratio of 47.94 and a beta of 0.89.

Perficient (NASDAQ:PRFT) last issued its earnings results on Thursday, August 3rd. The digital transformation consultancy reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. Perficient had a return on equity of 7.42% and a net margin of 3.08%. The company had revenue of $117.00 million during the quarter, compared to the consensus estimate of $119.21 million. During the same period in the previous year, the firm posted $0.28 earnings per share. Perficient’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities analysts predict that Perficient, Inc. will post $1.23 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “JPMorgan Chase & Co. Sells 32,118 Shares of Perficient, Inc. (PRFT)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/18/jpmorgan-chase-co-sells-32118-shares-of-perficient-inc-prft.html.

PRFT has been the subject of a number of recent research reports. Zacks Investment Research cut Perficient from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. BidaskClub raised Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Maxim Group set a $20.00 price objective on Perficient and g

A number of other institutional investors also recently bought and sold shares of the business. Texas Permanent School Fund lifted its position in Perficient by 0.4% during the 2nd quarter. Texas Permanent School Fund now owns 25,735 shares of the digital transformation consultancy’s stock worth $480,000 after acquiring an additional 91 shares during the period. Thrivent Financial For Lutherans lifted its position in Perficient by 1.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 19,910 shares of the digital transformation consultancy’s stock worth $346,000 after acquiring an additional 380 shares during the period. Mason Street Advisors LLC lifted its position in Perficient by 5.1% during the 1st quarter. Mason Street Advisors LLC now owns 8,282 shares of the digital transformation consultancy’s stock worth $144,000 after acquiring an additional 403 shares during the period. BNP Paribas Arbitrage SA lifted its position in Perficient by 10.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,521 shares of the digital transformation consultancy’s stock worth $113,000 after acquiring an additional 637 shares during the period. Finally, Anchor Capital Advisors LLC lifted its position in Perficient by 1.6% during the 2nd quarter. Anchor Capital Advisors LLC now owns 63,854 shares of the digital transformation consultancy’s stock worth $1,190,000 after acquiring an additional 990 shares during the period. 75.08% of the stock is owned by institutional investors.

In other news, CFO Paul E. Martin sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $19.37, for a total transaction of $387,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey S. Davis sold 2,542 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $19.92, for a total value of $50,636.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,847 shares of company stock valued at $1,739,758. Insiders own 3.70% of the company’s stock.

Shares of Perficient, Inc. (NASDAQ PRFT) opened at 19.75 on Wednesday. Perficient, Inc. has a 52-week low of $14.15 and a 52-week high of $20.22. The firm’s 50-day moving average price is $18.86 and its 200-day moving average price is $17.90. The firm has a market capitalization of $693.56 million, a PE ratio of 47.94 and a beta of 0.89.

Perficient (NASDAQ:PRFT) last issued its earnings results on Thursday, August 3rd. The digital transformation consultancy reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. Perficient had a return on equity of 7.42% and a net margin of 3.08%. The company had revenue of $117.00 million during the quarter, compared to the consensus estimate of $119.21 million. During the same period in the previous year, the firm posted $0.28 earnings per share. Perficient’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities analysts predict that Perficient, Inc. will post $1.23 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “JPMorgan Chase & Co. Sells 32,118 Shares of Perficient, Inc. (PRFT)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/18/jpmorgan-chase-co-sells-32118-shares-of-perficient-inc-prft.html.

PRFT has been the subject of a number of recent research reports. Zacks Investment Research cut Perficient from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. BidaskClub raised Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Maxim Group set a $20.00 price objective on Perficient and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $20.67.

About Perficient

Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.

Want to see what other hedge funds are holding PRFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perficient, Inc. (NASDAQ:PRFT).

Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

Receive News & Ratings for Perficient Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perficient Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply