Skandinaviska Enskilda Banken AB publ Takes Position in Perficient, Inc. (NASDAQ:PRFT)

Skandinaviska Enskilda Banken AB publ bought a new position in shares of Perficient, Inc. (NASDAQ:PRFT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the digital transformation consultancy’s stock, valued at approximately $1,870,000. Skandinaviska Enskilda Banken AB publ owned 0.07% of Perficient at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in shares of Perficient by 9.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,913 shares of the digital transformation consultancy’s stock worth $143,000 after acquiring an additional 165 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Perficient by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 30,613 shares of the digital transformation consultancy’s stock valued at $2,290,000 after purchasing an additional 181 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Perficient by 73.9% during the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after buying an additional 224 shares during the period. Arizona State Retirement System increased its holdings in shares of Perficient by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 9,786 shares of the digital transformation consultancy’s stock worth $732,000 after buying an additional 230 shares during the last quarter. Finally, CWM LLC raised its position in shares of Perficient by 67.7% in the 2nd quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock worth $43,000 after buying an additional 233 shares during the period. 95.00% of the stock is owned by institutional investors and hedge funds.

Perficient Price Performance

Shares of NASDAQ PRFT opened at $75.50 on Tuesday. The stock has a fifty day moving average price of $75.19 and a 200 day moving average price of $68.30. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.70. Perficient, Inc. has a 12-month low of $42.51 and a 12-month high of $75.66. The company has a market cap of $2.65 billion, a P/E ratio of 32.26, a P/E/G ratio of 1.90 and a beta of 1.64.

Perficient (NASDAQ:PRFT) last posted its earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). The company had revenue of $222.82 million during the quarter, compared to analyst estimates of $223.58 million. Perficient had a net margin of 8.48% and a return on equity of 18.39%. Research analysts anticipate that Perficient, Inc. will post 3.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Perficient in a research report on Friday. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, Perficient currently has a consensus rating of “Hold” and an average target price of $70.43.

Perficient Profile

Perficient, Inc provides digital consultancy services and solutions in the United States and internationally. It offers strategy and transformation solutions in digital strategy, technology strategy, business velocity and growth, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolios.