California Public Employees Retirement System Has $658,000 Stake in Performant Financial Corporation (PFMT)

California Public Employees Retirement System continued to hold its stake in Performant Financial Corporation (NASDAQ:PFMT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,000 shares of the business services provider’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned approximately 0.62% of Performant Financial Corporation worth $658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PFMT. Mirador Capital Partners LP lifted its holdings in Performant Financial Corporation by 161.9% during the second quarter. Mirador Capital Partners LP now owns 50,876 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 31,447 shares in the last quarter. Northern Trust Corp lifted its holdings in Performant Financial Corporation by 5.6% during the second quarter. Northern Trust Corp now owns 72,716 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 3,857 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Performant Financial Corporation by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,118,758 shares of the business services provider’s stock valued at $3,278,000 after purchasing an additional 9,968 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. lifted its holdings in Performant Financial Corporation by 3.2% during the second quarter. Prescott Group Capital Management L.L.C. now owns 4,980,143 shares of the business services provider’s stock valued at $10,408,000 after purchasing an additional 156,285 shares in the last quarter. 54.73% of the stock is currently owned by hedge funds and other institutional investors.

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Separately, Zacks Investment Research raised shares of Performant Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th.

Performant Financial Corporation (NASDAQ:PFMT) opened at $1.84 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.17 and a quick ratio of 1.30. Performant Financial Corporation has a twelve month low of $1.50 and a twelve month high of $3.99.

Performant Financial Corporation (NASDAQ:PFMT) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.08). The company had revenue of $29.70 million for the quarter, compared to analysts’ expectations of $31.45 million. Performant Financial Corporation had a negative net margin of 19.27% and a negative return on equity of 15.46%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share. equities research analysts forecast that Performant Financial Corporation will post -0.12 earnings per share for the current year.

About Performant Financial Corporation

Performant Financial Corporation (Performant) provides technology-enabled recovery and related analytics services in the United States. The Company’s services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes.

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Institutional Ownership by Quarter for Performant Financial Corporation (NASDAQ:PFMT)

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