Knights of Columbus Asset Advisors LLC Has $5.19 Million Holdings in Perficient, Inc. (NASDAQ:PRFT)

Knights of Columbus Asset Advisors LLC raised its position in shares of Perficient, Inc. (NASDAQ:PRFT - Free Report) by 79.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,875 shares of the digital transformation consultancy's stock after purchasing an additional 34,838 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.23% of Perficient worth $5,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in Perficient during the 3rd quarter valued at about $38,000. Tower Research Capital LLC TRC lifted its stake in shares of Perficient by 170.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,159 shares of the digital transformation consultancy's stock worth $97,000 after acquiring an additional 731 shares during the period. Park Place Capital Corp acquired a new stake in shares of Perficient in the 3rd quarter worth approximately $69,000. Lazard Asset Management LLC lifted its stake in shares of Perficient by 20.1% in the 4th quarter. Lazard Asset Management LLC now owns 1,506 shares of the digital transformation consultancy's stock worth $105,000 after acquiring an additional 252 shares during the period. Finally, State of Wyoming lifted its stake in shares of Perficient by 198.7% in the 4th quarter. State of Wyoming now owns 2,043 shares of the digital transformation consultancy's stock worth $143,000 after acquiring an additional 1,359 shares during the period. 95.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRFT has been the subject of a number of research analyst reports. 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 note on Wednesday, February 28th. Scotiabank reduced their price target on shares of Perficient from $70.00 to $65.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 28th. Barrington Research reissued an "outperform" rating and set a $77.00 target price on shares of Perficient in a research note on Wednesday, February 28th. Finally, Guggenheim began coverage on shares of Perficient in a research note on Tuesday, March 19th. They set a "neutral" rating and a $65.00 target price for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $70.00.

Perficient Price Performance

PRFT stock traded up $1.16 on Friday, hitting $44.80. 394,303 shares of the company's stock traded hands, compared to its average volume of 331,456. Perficient, Inc. has a 1-year low of $43.39 and a 1-year high of $96.93. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.06 and a beta of 1.43. The stock has a fifty day moving average of $59.51 and a 200-day moving average of $62.24. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.75.

Perficient (NASDAQ:PRFT - Get Free Report) last released its quarterly earnings results 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 net margin of 10.91% and a return on equity of 23.39%. The firm had revenue of $220.79 million for the quarter, compared to analyst estimates of $223.79 million. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm's revenue was down 5.1% compared to the same quarter last year. On average, analysts forecast that Perficient, Inc. will post 3.42 EPS for the current fiscal year.

Insider Activity

In other news, CEO Thomas J. Hogan sold 8,801 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 transaction 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 other Perficient news, CFO Paul E. Martin sold 3,664 shares of the company'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 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 document filed with the SEC, which can be accessed through this link. Also, CEO Thomas J. Hogan sold 8,801 shares of the company'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 transaction of $591,955.26. Following the completion of the transaction, the chief executive officer now owns 193,304 shares in the company, valued at approximately $13,001,627.04. 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 owned by company insiders.

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.