On January 4th, Lord Abbett & CO. LLC announced that it had acquired a new stake in Perficient, Inc., a digital consultancy service provider. This move is expected to enable the company to participate in the current technological trend towards digital transformation and gain insight into the way that business and technology are evolving. The acquisition of 264,598 shares of Perficient’s stock translates to a value of $18,477,000. With this purchase, Lord Abbett & CO. LLC now owns approximately 0.76% of Perficient. The firm’s most recent filing with the Securities and Exchange Commission (SEC) shows its dominant position in owning one of the industry’s leading digital consultancies. Perficient provides services across various categories including 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 established in 1998 and is headquartered in St Louis. Despite the slowing stock demand for Perficient, analysts continue to express their expectation that it will grow into an industry leader. Needham & Company LLC indicated the acquisition as a “buy” rating on Wednesday, March 1st by cutting Perficient’s value from $95.00 to $85.00 per share. Meanwhile Maxim Group decreased its […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
