Perficient, Inc. (NASDAQ:PRFT) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its position in shares of Perficient, Inc. (NASDAQ:PRFT – Get Rating) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,075 shares of the digital transformation consultancy’s stock after selling 1,570 shares during the period. Ensign Peak Advisors Inc’s holdings in Perficient were worth $850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PRFT. US Bancorp DE lifted its position in shares of Perficient by 22.2% during the first quarter. US Bancorp DE now owns 2,282 shares of the digital transformation consultancy’s stock worth $251,000 after purchasing an additional 415 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in Perficient during the 1st quarter worth approximately $1,742,000. Bank of Montreal Can boosted its position in Perficient by 7.1% in the 1st quarter. Bank of Montreal Can now owns 24,675 shares of the digital transformation consultancy’s stock valued at $2,830,000 after buying an additional 1,639 shares during the period. MetLife Investment Management LLC grew its stake in shares of Perficient by 56.4% in the first quarter. MetLife Investment Management LLC now owns 17,325 shares of the digital transformation consultancy’s stock worth $1,907,000 after acquiring an additional 6,246 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Perficient by 9.9% during the first quarter. Panagora Asset Management Inc. now owns 15,272 shares of the digital transformation consultancy’s stock worth $1,681,000 after acquiring an additional 1,372 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PRFT has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Perficient from $80.00 to $84.00 in a report on Thursday, December 15th. Alliance Global Partners reduced their target price on shares of Perficient from $81.00 to $77.00 in a report on Tuesday, February 28th. Maxim Group lowered their price target on shares of Perficient from $107.00 to $93.00 in a report on Wednesday, March 1st. Morgan Stanley reduced their price objective on shares of Perficient from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, January 27th. Finally, Barrington Research boosted their target price on shares of Perficient from $80.00 to $85.00 in a research note on Wednesday, March 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.00.

Perficient Price Performance

Shares of NASDAQ:PRFT opened at $67.86 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.98 and a quick ratio of 1.98. Perficient, Inc. has a 12 month low of $59.78 and a 12 month high of $116.44. The firm has a market capitalization of $2.35 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.11 and a beta of 1.53. The company’s fifty day moving average price is $74.27 and its 200 day moving average price is $71.16.

Insider Activity

In related news, COO Thomas J. Hogan sold 9,900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $72.23, for a total transaction of $715,077.00. Following the transaction, the chief operating officer now owns 133,852 shares in the company, valued at approximately $9,668,129.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.20% of the company’s stock.

Perficient Company Profile

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Perficient, Inc engages in the provision of digital consultancy services. Its service categories include strategy and consulting, data and intelligence, platforms and technology, customer experience and digital marketing, innovation, and product development, and optimized global delivery. The company was founded in 1998 and is headquartered in St.