Perficient, Inc. (NASDAQ:PRFT) Shares Acquired by Texas Permanent School Fund

Texas Permanent School Fund increased its holdings in shares of Perficient, Inc. (NASDAQ:PRFTGet Rating) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,044 shares of the digital transformation consultancy’s stock after acquiring an additional 1,692 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of Perficient worth $2,296,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of Perficient by 846.4% in the 1st quarter. CWM LLC now owns 265 shares of the digital transformation consultancy’s stock worth $29,000 after purchasing an additional 237 shares during the last quarter. TownSquare Capital LLC acquired a new position in shares of Perficient during the first quarter valued at $704,000. Keybank National Association OH grew its position in shares of Perficient by 9.2% during the first quarter. Keybank National Association OH now owns 3,464 shares of the digital transformation consultancy’s stock worth $382,000 after acquiring an additional 293 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Perficient by 57.9% in the 1st quarter. SG Americas Securities LLC now owns 6,984 shares of the digital transformation consultancy’s stock worth $769,000 after acquiring an additional 2,561 shares during the period. Finally, Geneva Capital Management LLC increased its holdings in shares of Perficient by 27.2% in the 1st quarter. Geneva Capital Management LLC now owns 697,225 shares of the digital transformation consultancy’s stock worth $76,757,000 after acquiring an additional 149,062 shares during the period. Institutional investors own 93.76% of the company’s stock.

Perficient Trading Down 2.7 %

Shares of PRFT opened at $68.72 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.03. Perficient, Inc. has a 1-year low of $59.78 and a 1-year high of $149.35. The stock has a market capitalization of $2.38 billion, a P/E ratio of 30.01, a P/E/G ratio of 1.11 and a beta of 1.53. The business’s 50-day moving average price is $67.12 and its 200 day moving average price is $83.80.

Analysts Set New Price Targets

Several research firms have commented on PRFT. Jefferies Financial Group decreased their target price on shares of Perficient from $131.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, September 14th. JPMorgan Chase & Co. cut their target price on Perficient from $109.00 to $86.00 in a research note on Friday, October 14th. Morgan Stanley dropped their price target on shares of Perficient from $100.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, October 28th. StockNews.com assumed coverage on shares of Perficient in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Maxim Group cut their target price on Perficient from $140.00 to $110.00 in a research report on Wednesday, October 12th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.63.

About Perficient

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Perficient, Inc provides digital consultancy services and solutions in the United States. The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, 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 portfolio.

See Also

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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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