IndexIQ Advisors LLC Sells 9,400 Shares of Perficient, Inc. (NASDAQ:PRFT)

IndexIQ Advisors LLC decreased its position in shares of Perficient, Inc. (NASDAQ:PRFT) by 24.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,614 shares of the digital transformation consultancy’s stock after selling 9,400 shares during the quarter. IndexIQ Advisors LLC owned about 0.09% of Perficient worth $1,364,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Perficient by 1,766.7% during the 3rd quarter. CWM LLC now owns 672 shares of the digital transformation consultancy’s stock worth $26,000 after acquiring an additional 636 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Perficient by 250.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 700 shares of the digital transformation consultancy’s stock worth $32,000 after acquiring an additional 500 shares during the last quarter. Carroll Financial Associates Inc. bought a new position in Perficient during the 4th quarter worth approximately $43,000. US Bancorp DE bought a new position in Perficient during the 4th quarter worth approximately $46,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Perficient by 187.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,586 shares of the digital transformation consultancy’s stock worth $54,000 after acquiring an additional 1,034 shares during the last quarter. 92.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of PRFT stock opened at $52.19 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.69 and a current ratio of 2.69. The company has a market capitalization of $1.70 billion, a P/E ratio of 51.17, a price-to-earnings-growth ratio of 2.23 and a beta of 0.81. The company’s 50 day moving average price is $48.93 and its two-hundred day moving average price is $41.39. Perficient, Inc. has a 52 week low of $26.29 and a 52 week high of $52.95.

Several research analysts recently weighed in on PRFT shares. ValuEngine raised shares of Perficient from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Maxim Group reissued a “buy” rating and set a $50.00 price objective on shares of Perficient in a research note on Friday, November 8th. National Securities started coverage on shares of Perficient in a research note on Tuesday, October 22nd. They set a “buy” rating and a $46.00 price objective on the stock. Finally, BidaskClub raised shares of Perficient from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Perficient presently has an average rating of “Buy” and an average price target of $44.20.

In other Perficient news, Director David S. Lundeen sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.96, for a total transaction of $343,680.00. Following the sale, the director now directly owns 41,707 shares in the company, valued at approximately $1,791,732.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul E. Martin sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $46.56, for a total transaction of $698,400.00. Following the sale, the chief financial officer now owns 157,674 shares in the company, valued at $7,341,301.44. The disclosure for this sale can be found here. Insiders have sold a total of 38,000 shares of company stock worth $1,755,930 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Perficient Company Profile

Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, commerce, content management, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.

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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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