Raymond James & Associates Has $1.90 Million Stock Holdings in Perion Network Ltd. (NASDAQ:PERI)

Raymond James & Associates lowered its stake in shares of Perion Network Ltd. (NASDAQ:PERIGet Rating) by 8.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 98,551 shares of the technology company’s stock after selling 9,493 shares during the period. Raymond James & Associates’ holdings in Perion Network were worth $1,901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new stake in Perion Network during the first quarter valued at $339,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Perion Network by 5.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,531 shares of the technology company’s stock valued at $327,000 after buying an additional 778 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Perion Network by 30.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,329 shares of the technology company’s stock valued at $1,064,000 after buying an additional 11,151 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Perion Network in the 1st quarter valued at approximately $302,000. Finally, Vanguard Group Inc. increased its holdings in Perion Network by 38.3% in the first quarter. Vanguard Group Inc. now owns 1,186,776 shares of the technology company’s stock worth $26,691,000 after buying an additional 328,422 shares during the last quarter. 50.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Perion Network from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 5th.

Perion Network Price Performance

Perion Network stock opened at $31.68 on Tuesday. Perion Network Ltd. has a one year low of $16.41 and a one year high of $31.88. The company’s fifty day moving average price is $26.79 and its two-hundred day moving average price is $23.10. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 0.57 and a beta of 1.26.

Perion Network (NASDAQ:PERIGet Rating) last issued its quarterly earnings data on Wednesday, November 9th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Perion Network had a return on equity of 16.45% and a net margin of 13.29%. The business had revenue of $158.62 million for the quarter, compared to analyst estimates of $158.00 million. As a group, sell-side analysts anticipate that Perion Network Ltd. will post 2.03 earnings per share for the current year.

About Perion Network

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Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.

See Also

Want to see what other hedge funds are holding PERI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perion Network Ltd. (NASDAQ:PERIGet Rating).

Institutional Ownership by Quarter for Perion Network (NASDAQ:PERI)

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