Anderson Hoagland & Co. Acquires 1,423 Shares of Perficient, Inc. (NASDAQ:PRFT)

Anderson Hoagland & Co. boosted its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,316 shares of the digital transformation consultancy’s stock after acquiring an additional 1,423 shares during the quarter. Anderson Hoagland & Co. owned approximately 0.10% of Perficient worth $2,860,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC raised its position in shares of Perficient by 112,600.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,011,600 shares of the digital transformation consultancy’s stock worth $838,770,000 after acquiring an additional 12,000,942 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Perficient by 575.6% during the 1st quarter. Victory Capital Management Inc. now owns 895,987 shares of the digital transformation consultancy’s stock worth $64,681,000 after purchasing an additional 763,360 shares during the last quarter. Norges Bank acquired a new position in Perficient during the 4th quarter valued at about $26,728,000. Wellington Management Group LLP boosted its stake in shares of Perficient by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 1,745,181 shares of the digital transformation consultancy’s stock valued at $125,985,000 after purchasing an additional 364,215 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Perficient during the 4th quarter worth approximately $18,477,000. Institutional investors own 93.39% of the company’s stock.

Perficient Stock Performance

Perficient stock traded down $0.57 during mid-day trading on Friday, hitting $60.51. 57,319 shares of the company’s stock traded hands, compared to its average volume of 241,098. Perficient, Inc. has a fifty-two week low of $58.00 and a fifty-two week high of $96.93. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.76 and a beta of 1.51. The firm has a 50 day simple moving average of $69.59 and a two-hundred day simple moving average of $71.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.43 and a quick ratio of 3.43.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Thursday, July 27th. The digital transformation consultancy reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.12). Perficient had a return on equity of 29.42% and a net margin of 11.12%. The company had revenue of $231.11 million for the quarter, compared to analyst estimates of $234.28 million. On average, research analysts expect that Perficient, Inc. will post 3.39 EPS for the current fiscal year.

Analyst Ratings Changes

PRFT has been the subject of several recent analyst reports. Alliance Global Partners lowered their target price on shares of Perficient from $77.00 to $69.00 in a research note on Thursday, July 27th. StockNews.com assumed coverage on Perficient in a report on Thursday, August 17th. They issued a “hold” rating for the company. Barrington Research decreased their price objective on Perficient from $85.00 to $77.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. JPMorgan Chase & Co. lowered shares of Perficient from an “overweight” rating to a “neutral” rating and cut their price target for the company from $84.00 to $70.00 in a research note on Friday, July 28th. Finally, Scotiabank lowered shares of Perficient from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $80.00 to $70.00 in a report on Friday, July 28th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Perficient presently has an average rating of “Hold” and a consensus price target of $76.29.

About Perficient

Perficient, Inc provides digital consultancy services and solutions in the United States. It offers strategy and transformation solution 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 portfolio.