Citadel Advisors LLC grew its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 210,694 shares of the digital transformation consultancy’s stock after acquiring an additional 19,241 shares during the period. Citadel Advisors LLC’s holdings in Perficient were worth $4,018,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of PRFT. JPMorgan Chase & Co. lifted its position in Perficient by 1,126.5% during the third quarter. JPMorgan Chase & Co. now owns 930,391 shares of the digital transformation consultancy’s stock worth $18,078,000 after acquiring an additional 854,535 shares during the last quarter. Northern Trust Corp raised its position in shares of Perficient by 51.6% in the second quarter. Northern Trust Corp now owns 831,358 shares of the digital transformation consultancy’s stock valued at $15,497,000 after buying an additional 282,816 shares in the last quarter. Boston Partners acquired a new stake in shares of Perficient in the third quarter valued at approximately $4,778,000. Dimensional Fund Advisors LP raised its position in shares of Perficient by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,120,591 shares of the digital transformation consultancy’s stock valued at $39,528,000 after buying an additional 200,231 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Perficient by 45.0% in the third quarter. Russell Investments Group Ltd. now owns 346,132 shares of the digital transformation consultancy’s stock valued at $6,808,000 after buying an additional 107,433 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.
In other news, COO Kathryn J. Henely sold 31,075 shares of Perficient stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $19.33, for a total value of $600,679.75. Following the completion of the sale, the chief operating officer now directly owns 246,657 shares in the company, valued at $4,767,879.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on the stock. TheStreet upgraded shares of Perficient from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. BidaskClub downgraded shares of Perficient from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Maxim Group reiterated a “buy” rating and issued a $22.00 price target (up from $20.00) on shares of Perficient in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Perficient from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Thursday, January 4th. Four investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $22.00.
Shares of Perficient, Inc. (NASDAQ:PRFT) opened at $19.43 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.92 and a quick ratio of 2.92. Perficient, Inc. has a 1 year low of $16.20 and a 1 year high of $20.29. The firm has a market cap of $678.26, a P/E ratio of 22.33 and a beta of 0.83.
Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.
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