Systematic Financial Management LP Has $5.49 Million Stake in Perion Network Ltd. (NASDAQ:PERI)

Systematic Financial Management LP grew its holdings in shares of Perion Network Ltd. (NASDAQ:PERI - Free Report) by 38.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 648,085 shares of the technology company's stock after purchasing an additional 179,557 shares during the period. Systematic Financial Management LP owned approximately 1.33% of Perion Network worth $5,489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new stake in shares of Perion Network in the fourth quarter valued at $489,000. Y.D. More Investments Ltd raised its holdings in shares of Perion Network by 10.3% in the 4th quarter. Y.D. More Investments Ltd now owns 391,332 shares of the technology company's stock worth $3,346,000 after purchasing an additional 36,624 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Perion Network by 39.5% during the third quarter. JPMorgan Chase & Co. now owns 378,667 shares of the technology company's stock valued at $2,984,000 after purchasing an additional 107,278 shares during the last quarter. Private Capital Management LLC boosted its holdings in Perion Network by 33.4% during the third quarter. Private Capital Management LLC now owns 2,387,800 shares of the technology company's stock worth $18,816,000 after buying an additional 598,228 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Perion Network in the 4th quarter worth approximately $755,000. Institutional investors own 68.12% of the company's stock.

Perion Network Stock Performance

Shares of NASDAQ PERI traded down $0.15 during midday trading on Friday, reaching $10.80. 99,420 shares of the company traded hands, compared to its average volume of 494,841. Perion Network Ltd. has a 12 month low of $7.00 and a 12 month high of $12.74. The stock's 50-day simple moving average is $8.88 and its 200-day simple moving average is $8.80. The firm has a market cap of $484.07 million, a PE ratio of 41.47, a PEG ratio of 0.76 and a beta of 1.47.

Perion Network (NASDAQ:PERI - Get Free Report) last released its earnings results on Wednesday, February 19th. The technology company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.15). Perion Network had a return on equity of 5.55% and a net margin of 2.53%. The firm had revenue of $129.58 million for the quarter, compared to the consensus estimate of $130.44 million. On average, equities research analysts expect that Perion Network Ltd. will post 0.51 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on PERI shares. Lake Street Capital upped their price objective on shares of Perion Network from $10.50 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Perion Network in a research report on Wednesday, May 14th. Roth Capital set a $14.00 target price on shares of Perion Network in a research report on Wednesday, May 14th. Wall Street Zen raised shares of Perion Network from a "sell" rating to a "hold" rating in a research note on Wednesday. Finally, Roth Mkm raised Perion Network from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.00 to $14.00 in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Perion Network has a consensus rating of "Hold" and a consensus target price of $12.13.

Perion Network Company Profile

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It offers Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.