Campbell & CO Investment Adviser LLC grew its holdings in Perficient, Inc. (NASDAQ:PRFT) by 21.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,298 shares of the digital transformation consultancy’s stock after acquiring an additional 1,644 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Perficient were worth $397,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of PRFT. Macquarie Group Ltd. bought a new position in shares of Perficient during the second quarter worth about $25,000. Point72 Hong Kong Ltd bought a new position in shares of Perficient during the second quarter worth about $33,000. Private Advisor Group LLC bought a new position in shares of Perficient during the second quarter worth about $35,000. Private Capital Group LLC grew its holdings in shares of Perficient by 37.6% during the second quarter. Private Capital Group LLC now owns 1,303 shares of the digital transformation consultancy’s stock worth $47,000 after buying an additional 356 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Perficient by 12.3% during the second quarter. Advisors Asset Management Inc. now owns 2,969 shares of the digital transformation consultancy’s stock worth $106,000 after buying an additional 326 shares in the last quarter.
A number of research firms recently issued reports on PRFT. Zacks Investment Research upgraded Perficient from a “sell” rating to a “hold” rating in a report on Wednesday, August 5th. Maxim Group reiterated a “buy” rating and set a $50.00 price objective on shares of Perficient in a report on Friday, July 31st. BidaskClub upgraded Perficient from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 17th. National Securities upgraded Perficient from a “neutral” rating to a “buy” rating in a research note on Friday, July 31st. Finally, Barrington Research raised their price target on Perficient from $44.00 to $48.00 in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Perficient currently has a consensus rating of “Buy” and an average price target of $43.80.
Perficient (NASDAQ:PRFT) last released its quarterly earnings data on Thursday, July 30th. The digital transformation consultancy reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.11. Perficient had a return on equity of 14.53% and a net margin of 6.39%. The company had revenue of $146.34 million during the quarter, compared to analysts’ expectations of $143.61 million. On average, equities research analysts anticipate that Perficient, Inc. will post 1.82 EPS for the current fiscal year.
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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