KBC Group NV Has $1.52 Million Stake in Perficient, Inc. (PRFT)

KBC Group NV lifted its position in Perficient, Inc. (NASDAQ:PRFT) by 13.9% in the 4th quarter, Holdings Channel reports. The fund owned 68,417 shares of the digital transformation consultancy’s stock after acquiring an additional 8,343 shares during the period. KBC Group NV’s holdings in Perficient were worth $1,523,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PRFT. First Quadrant L P CA bought a new stake in shares of Perficient in the 4th quarter worth about $68,000. Advisors Asset Management Inc. lifted its holdings in shares of Perficient by 2,633.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 221,488 shares of the digital transformation consultancy’s stock worth $114,000 after acquiring an additional 213,385 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Perficient in the 3rd quarter worth about $205,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Perficient in the 3rd quarter worth about $221,000. Finally, Paloma Partners Management Co bought a new stake in shares of Perficient in the 3rd quarter worth about $229,000. Hedge funds and other institutional investors own 86.37% of the company’s stock.

In other Perficient news, Director James R. Kackley purchased 1,000 shares of Perficient stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average price of $25.16 per share, for a total transaction of $25,160.00. Following the acquisition, the director now owns 41,019 shares in the company, valued at approximately $1,032,038.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.50% of the company’s stock.

NASDAQ:PRFT opened at $26.10 on Monday. Perficient, Inc. has a one year low of $18.34 and a one year high of $31.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.93 and a quick ratio of 2.93. The stock has a market capitalization of $866.04 million, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.81 and a beta of 0.89.

PRFT has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of Perficient in a report on Tuesday, November 20th. They set a “buy” rating and a $30.00 price objective for the company. Zacks Investment Research lowered shares of Perficient from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Finally, BidaskClub upgraded shares of Perficient from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Perficient presently has an average rating of “Buy” and an average target price of $30.83.

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Perficient Profile

Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.

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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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