Todays Report: The Prudential Financial Inc. invests in Perficient Inc. (PRFT) Shares

The Prudential Financial Inc. invests in Perficient Inc. (PRFT) Shares

Prudential Financial Inc. increased its position in shares of Perficient Inc. (NASDAQ:PRFT) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,588 shares of the company’s stock after buying an additional 140 shares during the period. Prudential Financial Inc. owned about 0.27% of Perficient worth $1,840,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Falcon Point Capital LLC increased its stake in shares of Perficient by 3.8% in the second quarter. Falcon Point Capital LLC now owns 542,314 shares of the company’s stock valued at $11,014,000 after buying an additional 19,904 shares during the last quarter. Skyline Asset Management LP boosted its position in Perficient by 2.4% in the first quarter. Skyline Asset Management LP now owns 1,153,300 shares of the company’s stock valued at $25,050,000 after buying an additional 26,700 shares during the period. BNP Paribas Arbitrage SA boosted its position in Perficient by 115.3% in the second quarter. BNP Paribas Arbitrage SA now owns 11,238 shares of the company’s stock valued at $228,000 after buying an additional 6,018 shares during the period. BlackRock Group LTD boosted its position in Perficient by 11.2% in the first quarter. BlackRock Group LTD now owns 35,422 shares of the company’s stock valued at $769,000 after buying an additional 3,568 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Perficient during the second quarter valued at approximately $365,000. 78.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of Perficient Inc. (NASDAQ:PRFT) opened at 18.39 on Friday. The company has a 50-day moving average of $19.40 and a 200-day moving average of $20.44. The firm has a market capitalization of $663.93 million, a PE ratio of 24.59 and a beta of 1.24. Perficient Inc. has a 52 week low of $15.46 and a 52 week high of $22.66.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.02. Perficient had a net margin of 5.20% and a return on equity of 9.65%. The firm had revenue of $124.40 million for the quarter, compared to analyst estimates of $124.88 million. During the same period last year, the firm posted $0.25 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. On average, equities analysts forecast that Perficient Inc. will post $1.29 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut shares of Perficient from a “buy” rating to a “hold” rating in a report on Thursday, July 7th.

Perficient Company Profile

Perficient, Inc is an information technology and management consulting firm. The Company designs, builds and delivers business-driven technology solutions using third-party software products. Its solutions include big data and analytics, technology platform implementations, commerce, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, content management (CM), business process management (BPM), and customer relationship management (CRM), among others.

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