Mirae Asset Global Investments Co. Ltd. Has $1.05 Million Stake in Perficient, Inc. (NASDAQ:PRFT)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Perficient, Inc. (NASDAQ:PRFT) by 7.6% during the fourth quarter, Holdings Channel reports. The fund owned 16,015 shares of the digital transformation consultancy’s stock after acquiring an additional 1,130 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Perficient were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PRFT. Arizona State Retirement System boosted its position in Perficient by 1.8% during the third quarter. Arizona State Retirement System now owns 9,919 shares of the digital transformation consultancy’s stock worth $574,000 after purchasing an additional 175 shares during the period. Huntington National Bank lifted its stake in shares of Perficient by 10.5% during the 3rd quarter. Huntington National Bank now owns 2,245 shares of the digital transformation consultancy’s stock worth $130,000 after buying an additional 213 shares during the last quarter. Values First Advisors Inc. lifted its stake in shares of Perficient by 7.7% during the 4th quarter. Values First Advisors Inc. now owns 4,380 shares of the digital transformation consultancy’s stock worth $288,000 after buying an additional 314 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Perficient by 2.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,277 shares of the digital transformation consultancy’s stock worth $874,000 after buying an additional 326 shares during the period. Finally, Knights of Columbus Asset Advisors LLC grew its stake in Perficient by 0.8% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 44,037 shares of the digital transformation consultancy’s stock valued at $2,548,000 after buying an additional 350 shares during the last quarter. Institutional investors own 95.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PRFT shares. Scotiabank cut their price objective 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. Barrington Research reissued an “outperform” rating and set a $77.00 price target on shares of Perficient in a report on Wednesday, February 28th. Guggenheim assumed coverage on Perficient in a report on Tuesday, March 19th. They issued a “neutral” rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Perficient from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Alliance Global Partners raised shares of Perficient from a “neutral” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Tuesday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Perficient has a consensus rating of “Hold” and a consensus price target of $69.67.

Perficient Price Performance

Shares of NASDAQ PRFT opened at $45.48 on Wednesday. The business has a fifty day moving average price of $58.51 and a two-hundred day moving average price of $62.05. The stock has a market capitalization of $1.60 billion, a PE ratio of 16.48, a P/E/G ratio of 1.09 and a beta of 1.43. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.15 and a quick ratio of 4.15. Perficient, Inc. has a fifty-two week low of $43.39 and a fifty-two week high of $96.93.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings results on Tuesday, February 27th. The digital transformation consultancy reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $220.79 million during the quarter, compared to analyst estimates of $223.79 million. Perficient had a net margin of 10.91% and a return on equity of 23.39%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. As a group, equities analysts predict that Perficient, Inc. will post 3.42 earnings per share for the current fiscal year.

Insider Transactions at Perficient

In related news, SVP Kevin Thomas Sheen sold 684 shares of Perficient stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $69.04, for a total value of $47,223.36. Following the transaction, the senior vice president now directly owns 26,533 shares of the company’s stock, valued at $1,831,838.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Perficient news, SVP Kevin Thomas Sheen sold 684 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $69.04, for a total value of $47,223.36. Following the sale, the senior vice president now owns 26,533 shares of the company’s stock, valued at approximately $1,831,838.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas J. Hogan sold 8,801 shares of Perficient stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total value of $591,955.26. Following the completion of the transaction, the chief executive officer now owns 193,304 shares in the company, valued at approximately $13,001,627.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,149 shares of company stock valued at $885,619. Company insiders own 2.50% of the company’s stock.

Perficient Company 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.