Savant Capital LLC Acquires Shares of 111,103 Performant Healthcare, Inc. $PHLT

Savant Capital LLC bought a new stake in Performant Healthcare, Inc. (NASDAQ:PHLT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 111,103 shares of the company’s stock, valued at approximately $444,000. Savant Capital LLC owned 0.14% of Performant Healthcare at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PHLT. AMH Equity Ltd bought a new position in Performant Healthcare during the 2nd quarter valued at about $1,100,000. HighMark Wealth Management LLC bought a new stake in Performant Healthcare in the second quarter worth about $3,250,000. CWC Advisors LLC. purchased a new position in shares of Performant Healthcare during the second quarter valued at approximately $384,000. Mirador Capital Partners LP purchased a new position in shares of Performant Healthcare during the second quarter valued at approximately $9,698,000. Finally, Range Financial Group LLC bought a new position in shares of Performant Healthcare during the second quarter valued at approximately $80,000. Institutional investors own 77.15% of the company’s stock.

Performant Healthcare Price Performance

Shares of PHLT stock opened at $7.75 on Monday. Performant Healthcare, Inc. has a twelve month low of $2.17 and a twelve month high of $7.76. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $7.72 and a two-hundred day simple moving average of $5.66. The stock has a market capitalization of $623.41 million, a price-to-earnings ratio of -775.00 and a beta of 0.69.

Performant Healthcare (NASDAQ:PHLT) last released its quarterly earnings data on Tuesday, March 15th. The company reported $0.08 earnings per share for the quarter. Performant Healthcare had a negative return on equity of 0.04% and a negative net margin of 0.64%.The firm had revenue of $40.04 million during the quarter. On average, analysts predict that Performant Healthcare, Inc. will post -0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

PHLT has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Performant Healthcare in a research note on Wednesday, October 8th. Lake Street Capital lowered Performant Healthcare from a “buy” rating to a “hold” rating and set a $7.75 target price on the stock. in a research note on Monday, August 4th. B. Riley lowered shares of Performant Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Wall Street Zen cut shares of Performant Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, Craig Hallum lowered shares of Performant Healthcare from a “strong-buy” rating to a “hold” rating and set a $7.75 price objective for the company. in a report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.88.

About Performant Healthcare

Performant Healthcare, Inc engages in the provision of technology-enabled audit, recovery, customer care, and related analytics services. Its services help identify improper payments, and in some markets, restructure and recover delinquent or defaulted assets and improper payments for both government and private clients.