Cetera Trust Company N.A Invests $161,000 in Perficient, Inc. (NASDAQ:PRFT)

Cetera Trust Company N.A bought a new position in shares of Perficient, Inc. (NASDAQ:PRFT) in the fourth quarter, HoldingsChannel reports. The firm bought 2,444 shares of the digital transformation consultancy’s stock, valued at approximately $161,000.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in Perficient by 10.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,360 shares of the digital transformation consultancy’s stock worth $11,740,000 after buying an additional 16,350 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Perficient by 328.0% during the third quarter. Envestnet Asset Management Inc. now owns 185,856 shares of the digital transformation consultancy’s stock valued at $10,754,000 after acquiring an additional 142,427 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Perficient by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 336,403 shares of the digital transformation consultancy’s stock valued at $19,464,000 after acquiring an additional 16,817 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Perficient by 389.3% during the third quarter. Townsquare Capital LLC now owns 37,028 shares of the digital transformation consultancy’s stock valued at $2,142,000 after acquiring an additional 29,460 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Perficient by 3.8% during the third quarter. Vanguard Group Inc. now owns 4,316,958 shares of the digital transformation consultancy’s stock valued at $249,779,000 after acquiring an additional 158,842 shares in the last quarter. 95.00% of the stock is owned by institutional investors.

Insider Transactions at Perficient

In other news, CEO Thomas J. Hogan sold 8,801 shares of the 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 sale, the chief executive officer now owns 193,304 shares in the company, valued at $13,001,627.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Thomas J. Hogan sold 8,801 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total transaction of $591,955.26. Following the sale, the chief executive officer now directly owns 193,304 shares of the company’s stock, valued at $13,001,627.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul E. Martin sold 3,664 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total transaction of $246,440.64. Following the sale, the chief financial officer now directly owns 212,642 shares in the company, valued at $14,302,300.92. The disclosure for this sale can be found here. Insiders have sold 13,149 shares of company stock worth $885,619 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PRFT shares. Barrington Research reiterated an “outperform” rating and set a $77.00 price target on shares of Perficient in a research note on Wednesday, February 28th. Scotiabank lowered 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. JPMorgan Chase & Co. upped their price target 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. Finally, Guggenheim assumed coverage on shares of Perficient in a research note on Tuesday, March 19th. They set a “neutral” rating and a $65.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Perficient currently has a consensus rating of “Hold” and an average target price of $70.00.

Perficient Stock Up 0.7 %

NASDAQ:PRFT opened at $45.12 on Tuesday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 16.35, a PEG ratio of 1.09 and a beta of 1.43. Perficient, Inc. has a 1-year low of $43.39 and a 1-year high of $96.93. The company’s fifty day moving average price is $58.96 and its 200-day moving average price is $62.17. 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 (NASDAQ:PRFT) last released its quarterly earnings data on Tuesday, February 27th. The digital transformation consultancy reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.98 EPS. As a group, equities research analysts anticipate that Perficient, Inc. will post 3.42 EPS for the current year.

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.