Quadrant Capital Group LLC boosted its position in Perficient, Inc. (NASDAQ:PRFT – Get Rating) by 322.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 604 shares of the digital transformation consultancy’s stock after acquiring an additional 461 shares during the quarter. Quadrant Capital Group LLC’s holdings in Perficient were worth $39,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the company. ExodusPoint Capital Management LP bought a new stake in shares of Perficient during the third quarter worth $3,197,000. Knights of Columbus Asset Advisors LLC grew its stake in shares of Perficient by 6.6% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 43,825 shares of the digital transformation consultancy’s stock worth $2,850,000 after buying an additional 2,725 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Perficient by 93.5% during the third quarter. Tower Research Capital LLC TRC now owns 5,541 shares of the digital transformation consultancy’s stock worth $360,000 after buying an additional 2,678 shares during the last quarter. UBS Group AG grew its stake in shares of Perficient by 26.4% during the third quarter. UBS Group AG now owns 6,755 shares of the digital transformation consultancy’s stock worth $439,000 after buying an additional 1,411 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Perficient by 12.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,881 shares of the digital transformation consultancy’s stock worth $317,000 after buying an additional 543 shares during the last quarter. 90.60% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
PRFT has been the topic of a number of research reports. Morgan Stanley decreased their target price on shares of Perficient from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, January 27th. Barrington Research decreased their target price on shares of Perficient from $110.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. TheStreet cut shares of Perficient from a “b-” rating to a “c+” rating in a research note on Tuesday, November 8th. National Alliance Securities reissued a “neutral” rating on shares of Perficient in a research note on Friday, February 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Perficient from $80.00 to $84.00 in a research note on Thursday, December 15th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.25.
Perficient Price Performance
Insider Activity at Perficient
In related news, Director David S. Lundeen sold 4,000 shares of the business’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $71.42, for a total value of $285,680.00. Following the transaction, the director now owns 34,412 shares in the company, valued at $2,457,705.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.20% of the stock is owned by company insiders.
About Perficient
Perficient, Inc engages in the provision of digital consultancy services. Its service categories include strategy and consulting, data and intelligence, platforms and technology, customer experience and digital marketing, innovation, and product development, and optimized global delivery. The company was founded in 1998 and is headquartered in St.
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