Perficient, Inc. (PRFT) Director James R. Kackley Acquires 1,290 Shares

Perficient, Inc. (NASDAQ:PRFT) Director James R. Kackley acquired 1,290 shares of Perficient stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $19.35 per share, for a total transaction of $24,961.50. Following the completion of the purchase, the director now owns 41,328 shares in the company, valued at approximately $799,696.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Perficient, Inc. (PRFT) traded down $0.02 during midday trading on Friday, reaching $19.28. 58,432 shares of the company traded hands, compared to its average volume of 147,776. The company has a market capitalization of $661.16, a price-to-earnings ratio of 21.77 and a beta of 0.85. Perficient, Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $20.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.92 and a current ratio of 2.92.

Perficient (NASDAQ:PRFT) last issued its earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $123.70 million for the quarter, compared to analyst estimates of $127.51 million. Perficient had a net margin of 3.36% and a return on equity of 8.05%. Perficient’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. equities analysts anticipate that Perficient, Inc. will post 0.93 EPS for the current year.

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A number of equities research analysts have recently commented on the stock. Maxim Group set a $20.00 price objective on shares of Perficient and gave the company a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Perficient from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. Finally, BidaskClub raised shares of Perficient from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Perficient has an average rating of “Buy” and an average price target of $21.33.

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Perficient during the third quarter worth $118,000. State of Alaska Department of Revenue boosted its stake in Perficient by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 6,942 shares of the digital transformation consultancy’s stock worth $129,000 after acquiring an additional 3,032 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Perficient by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,070 shares of the digital transformation consultancy’s stock worth $150,000 after acquiring an additional 1,210 shares in the last quarter. Simplex Trading LLC boosted its stake in Perficient by 4,251.0% during the third quarter. Simplex Trading LLC now owns 8,702 shares of the digital transformation consultancy’s stock worth $171,000 after acquiring an additional 8,502 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Perficient by 412.9% during the third quarter. Sei Investments Co. now owns 8,873 shares of the digital transformation consultancy’s stock worth $175,000 after acquiring an additional 7,143 shares in the last quarter. 77.69% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Perficient (NASDAQ:PRFT)

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