Paul E. Martin Sells 15,000 Shares of Perficient, Inc. (NASDAQ:PRFT) Stock

Perficient, Inc. (NASDAQ:PRFT) CFO Paul E. Martin sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $47.59, for a total transaction of $713,850.00. Following the completion of the transaction, the chief financial officer now owns 157,674 shares of the company’s stock, valued at $7,503,705.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Perficient stock traded up $0.35 during mid-day trading on Friday, hitting $47.55. 444,000 shares of the company traded hands, compared to its average volume of 365,655. Perficient, Inc. has a one year low of $23.45 and a one year high of $47.96. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 2.04 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.69 and a current ratio of 2.69. The stock has a fifty day moving average price of $44.09 and a 200-day moving average price of $38.69.

Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, November 7th. The digital transformation consultancy reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. Perficient had a net margin of 5.94% and a return on equity of 13.21%. The business had revenue of $144.68 million during the quarter, compared to analyst estimates of $143.17 million. During the same period in the previous year, the business posted $0.41 earnings per share. Perficient’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts predict that Perficient, Inc. will post 1.65 EPS for the current year.

Institutional investors have recently made changes to their positions in the business. CWM LLC lifted its position in Perficient by 1,766.7% during the third quarter. CWM LLC now owns 672 shares of the digital transformation consultancy’s stock valued at $26,000 after purchasing an additional 636 shares during the last quarter. Carroll Financial Associates Inc. bought a new stake in Perficient during the fourth quarter valued at approximately $43,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Perficient by 187.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,586 shares of the digital transformation consultancy’s stock valued at $54,000 after purchasing an additional 1,034 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Perficient during the second quarter valued at approximately $101,000. Finally, Nkcfo LLC bought a new stake in Perficient during the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

PRFT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Perficient from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Friday, October 4th. Maxim Group restated a “buy” rating and issued a $50.00 price objective on shares of Perficient in a research report on Friday, November 8th. ValuEngine lowered shares of Perficient from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. BidaskClub upgraded shares of Perficient from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th. Finally, National Securities initiated coverage on shares of Perficient in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $46.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $44.20.

Perficient Company 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, commerce, content management, 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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Insider Buying and Selling by Quarter for Perficient (NASDAQ:PRFT)

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