Bardin Hill Management Partners LP Takes $2.94 Million Position in Perficient, Inc. (NASDAQ:PRFT)

Bardin Hill Management Partners LP acquired a new position in shares of Perficient, Inc. (NASDAQ:PRFT) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 39,352 shares of the digital transformation consultancy’s stock, valued at approximately $2,943,000. Perficient comprises 1.2% of Bardin Hill Management Partners LP’s investment portfolio, making the stock its 14th biggest position. Bardin Hill Management Partners LP owned approximately 0.11% of Perficient as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Perficient by 1.2% during the first quarter. Vanguard Group Inc. now owns 4,341,454 shares of the digital transformation consultancy’s stock valued at $244,380,000 after buying an additional 50,313 shares during the last quarter. Wellington Management Group LLP boosted its stake in Perficient by 26.2% in the fourth quarter. Wellington Management Group LLP now owns 1,945,667 shares of the digital transformation consultancy’s stock valued at $128,064,000 after acquiring an additional 404,154 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of Perficient by 5.3% in the 1st quarter. Congress Asset Management Co. MA now owns 1,401,150 shares of the digital transformation consultancy’s stock worth $78,871,000 after purchasing an additional 71,004 shares in the last quarter. Glazer Capital LLC acquired a new stake in Perficient in the 2nd quarter worth approximately $35,686,000. Finally, Millennium Management LLC increased its stake in Perficient by 1,044.3% during the 2nd quarter. Millennium Management LLC now owns 475,686 shares of the digital transformation consultancy’s stock valued at $35,577,000 after purchasing an additional 434,115 shares in the last quarter. Institutional investors own 95.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Perficient in a research note on Saturday. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, Perficient presently has a consensus rating of “Hold” and an average target price of $70.43.

Perficient Stock Up 0.6 %

PRFT stock opened at $75.96 on Wednesday. Perficient, Inc. has a one year low of $42.51 and a one year high of $76.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.16 and a current ratio of 4.16. The firm’s fifty day moving average is $75.27 and its 200 day moving average is $68.87. The firm has a market cap of $2.67 billion, a PE ratio of 32.46, a P/E/G ratio of 1.96 and a beta of 1.64.

Perficient (NASDAQ:PRFT) last posted its earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). The business had revenue of $222.82 million for the quarter, compared to analyst estimates of $223.58 million. Perficient had a net margin of 8.48% and a return on equity of 18.39%. On average, research analysts forecast that Perficient, Inc. will post 3.21 EPS for the current year.

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.