Perficient, Inc. (NASDAQ:PRFT) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Perficient, Inc. (NASDAQ:PRFT) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in Perficient by 10.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,360 shares of the digital transformation consultancy’s stock valued at $11,740,000 after buying an additional 16,350 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in 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 buying an additional 142,427 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 buying an additional 16,817 shares in the last quarter. Townsquare Capital LLC raised its stake in 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 buying an additional 29,460 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in 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 buying an additional 158,842 shares in the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.

Insider Buying and Selling

In other Perficient news, CEO Thomas J. Hogan sold 8,801 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 $591,955.26. Following the completion of the transaction, the chief executive officer now directly owns 193,304 shares of the company’s stock, valued at approximately $13,001,627.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Perficient news, CEO Thomas J. Hogan sold 8,801 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 $591,955.26. Following the completion of the transaction, the chief executive officer now directly owns 193,304 shares of the company’s stock, valued at approximately $13,001,627.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Paul E. Martin sold 3,664 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 $246,440.64. Following the transaction, the chief financial officer now directly owns 212,642 shares of the company’s stock, valued at $14,302,300.92. The disclosure for this sale can be found here. Insiders sold 13,149 shares of company stock valued at $885,619 in the last three months. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Perficient Stock Performance

Shares of PRFT stock opened at $48.11 on Friday. Perficient, Inc. has a 12-month low of $42.51 and a 12-month high of $96.93. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46. The business has a 50 day simple moving average of $55.12 and a 200 day simple moving average of $61.31. 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 issued its quarterly earnings data on Tuesday, February 27th. The digital transformation consultancy reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Perficient had a return on equity of 23.39% and a net margin of 10.91%. The business had revenue of $220.79 million during the quarter, compared to the consensus estimate of $223.79 million. During the same period last year, the company earned $0.98 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, 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.