Mutual of America Capital Management LLC Purchases 7,824 Shares of Perficient, Inc. (NASDAQ:PRFT)

Mutual of America Capital Management LLC lifted its position in Perficient, Inc. (NASDAQ:PRFT) by 16.4% during the 4th quarter, HoldingsChannel reports. The firm owned 55,531 shares of the digital transformation consultancy’s stock after buying an additional 7,824 shares during the period. Mutual of America Capital Management LLC’s holdings in Perficient were worth $3,655,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its holdings in shares of Perficient by 112,600.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,011,600 shares of the digital transformation consultancy’s stock worth $838,770,000 after purchasing an additional 12,000,942 shares during the period. Vanguard Group Inc. increased its holdings in shares of Perficient by 3.8% in the third quarter. Vanguard Group Inc. now owns 4,316,958 shares of the digital transformation consultancy’s stock worth $249,779,000 after purchasing an additional 158,842 shares during the period. Congress Asset Management Co. MA increased its holdings in shares of Perficient by 69.1% in the third quarter. Congress Asset Management Co. MA now owns 1,378,597 shares of the digital transformation consultancy’s stock worth $79,766,000 after purchasing an additional 563,290 shares during the period. Wellington Management Group LLP increased its holdings in shares of Perficient by 5.9% in the first quarter. Wellington Management Group LLP now owns 1,347,413 shares of the digital transformation consultancy’s stock worth $148,336,000 after purchasing an additional 75,164 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Perficient by 12.6% in the third quarter. Victory Capital Management Inc. now owns 1,161,771 shares of the digital transformation consultancy’s stock worth $67,220,000 after purchasing an additional 130,099 shares during the period. Institutional investors own 95.00% of the company’s stock.

Perficient Stock Performance

NASDAQ PRFT opened at $46.25 on Wednesday. The company has a 50-day simple moving average of $61.06 and a two-hundred day simple moving average of $62.55. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.75. Perficient, Inc. has a 12-month low of $46.06 and a 12-month high of $96.93. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.16 and a beta of 1.43.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PRFT shares. JPMorgan Chase & Co. upped 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. Guggenheim started coverage on shares of Perficient in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $65.00 target price for the company. Scotiabank cut their target price 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. Finally, Barrington Research reiterated an “outperform” rating and issued a $77.00 target price on shares of Perficient in a research report on Wednesday, February 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $70.00.

Insider Buying and Selling at Perficient

In other Perficient news, CEO Thomas J. Hogan sold 8,801 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 $591,955.26. Following the completion of the sale, the chief executive officer now directly owns 193,304 shares in the company, valued at $13,001,627.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Paul E. Martin sold 3,664 shares of the 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 completion of the sale, the chief financial officer now directly owns 212,642 shares in the company, valued at $14,302,300.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas J. Hogan sold 8,801 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total transaction of $591,955.26. Following the sale, the chief executive officer now owns 193,304 shares of the company’s stock, valued at $13,001,627.04. The disclosure for this sale can be found here. Insiders sold a total of 13,149 shares of company stock worth $885,619 over the last three months. Company insiders own 2.50% of the company’s stock.

Perficient 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.