Zurcher Kantonalbank Zurich Cantonalbank Sells 486 Shares of Perficient, Inc. (NASDAQ:PRFT)

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in shares of Perficient, Inc. (NASDAQ:PRFT) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,553 shares of the digital transformation consultancy’s stock after selling 486 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Perficient were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System boosted its stake 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 buying an additional 175 shares in the last quarter. Huntington National Bank raised its position in Perficient by 10.5% in the third quarter. Huntington National Bank now owns 2,245 shares of the digital transformation consultancy’s stock worth $130,000 after purchasing an additional 213 shares in the last quarter. Values First Advisors Inc. lifted its stake in Perficient by 7.7% during the fourth quarter. Values First Advisors Inc. now owns 4,380 shares of the digital transformation consultancy’s stock worth $288,000 after purchasing an additional 314 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Perficient by 2.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,277 shares of the digital transformation consultancy’s stock valued at $874,000 after purchasing an additional 326 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its stake in shares of 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 purchasing an additional 350 shares during the period. 95.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Scotiabank cut their target price on Perficient from $65.00 to $50.00 and set a “sector perform” rating for the company in a research report on Monday, April 29th. Alliance Global Partners upgraded shares of Perficient from a “neutral” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Tuesday, April 23rd. Guggenheim initiated coverage on shares of Perficient in a report on Tuesday, March 19th. They issued a “neutral” rating and a $65.00 target price on the stock. Barrington Research restated an “outperform” rating and issued a $77.00 price target on shares of Perficient in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Perficient from $71.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.17.

Insider Transactions at Perficient

In related news, CFO Paul E. Martin sold 3,664 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total value of $246,440.64. Following the completion of the transaction, the chief financial officer now owns 212,642 shares in the company, valued at approximately $14,302,300.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Paul E. Martin sold 3,664 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total value of $246,440.64. Following the completion of the transaction, the chief financial officer now owns 212,642 shares in the company, valued at approximately $14,302,300.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Thomas Sheen sold 684 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $69.04, for a total transaction of $47,223.36. Following the completion of the transaction, the senior vice president now owns 26,533 shares of the company’s stock, valued at approximately $1,831,838.32. The disclosure for this sale can be found here. Insiders have sold 13,149 shares of company stock valued at $885,619 in the last three months. 2.50% of the stock is owned by corporate insiders.

Perficient Stock Down 1.5 %

Shares of PRFT opened at $48.11 on Friday. The company has a market capitalization of $1.69 billion, a P/E ratio of 17.43, a PEG ratio of 1.15 and a beta of 1.46. 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 one year low of $42.51 and a one year high of $96.93. The business’s 50 day simple moving average is $55.12 and its 200-day simple moving average is $61.31.

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

About Perficient

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.