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Congress Asset Management Co. MA Boosts Holdings in Perficient, Inc. (NASDAQ:PRFT)

Perficient logo with Computer and Technology background

Congress Asset Management Co. MA raised its holdings in shares of Perficient, Inc. (NASDAQ:PRFT - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,401,150 shares of the digital transformation consultancy's stock after acquiring an additional 71,004 shares during the period. Congress Asset Management Co. MA owned approximately 4.01% of Perficient worth $78,871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Park Avenue Securities LLC lifted its stake in Perficient by 9.7% during the 1st quarter. Park Avenue Securities LLC now owns 4,014 shares of the digital transformation consultancy's stock valued at $226,000 after acquiring an additional 355 shares during the period. Confluence Investment Management LLC purchased a new position in shares of Perficient during the 1st quarter valued at approximately $2,886,000. Nomura Holdings Inc. increased its holdings in Perficient by 4.5% in the 4th quarter. Nomura Holdings Inc. now owns 113,240 shares of the digital transformation consultancy's stock worth $7,453,000 after acquiring an additional 4,891 shares in the last quarter. Wellington Management Group LLP increased its holdings in Perficient by 26.2% in the 4th quarter. Wellington Management Group LLP now owns 1,945,667 shares of the digital transformation consultancy's stock worth $128,064,000 after acquiring an additional 404,154 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Perficient by 31.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 28,949 shares of the digital transformation consultancy's stock worth $1,905,000 after acquiring an additional 6,867 shares in the last quarter. 95.00% of the stock is currently owned by institutional investors and hedge funds.


Perficient Trading Up 0.1 %

Shares of PRFT stock traded up $0.06 on Friday, hitting $74.48. 609,964 shares of the stock traded hands, compared to its average volume of 465,652. The firm's 50-day moving average price is $65.42 and its two-hundred day moving average price is $64.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.18 and a current ratio of 4.18. The stock has a market capitalization of $2.62 billion, a PE ratio of 31.83, a PEG ratio of 1.87 and a beta of 1.63. Perficient, Inc. has a twelve month low of $42.51 and a twelve month high of $96.93.

Perficient (NASDAQ:PRFT - Get Free Report) last announced its quarterly earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $215.30 million for the quarter, compared to analysts' expectations of $224.99 million. Perficient had a net margin of 9.40% and a return on equity of 19.50%. The company's revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. As a group, analysts anticipate that Perficient, Inc. will post 3.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barrington Research reissued a "market perform" rating on shares of Perficient in a report on Tuesday, May 7th. Needham & Company LLC reissued a "hold" rating on shares of Perficient in a report on Monday, May 6th. Scotiabank upped their target price on shares of Perficient from $50.00 to $76.00 and gave the stock a "sector perform" rating in a report on Monday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of Perficient from $71.00 to $59.00 and set a "neutral" rating for the company in a report on Thursday, May 2nd. Finally, StockNews.com started coverage on shares of Perficient in a report on Sunday, June 16th. 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $70.43.

Get Our Latest Report on PRFT

Perficient Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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