Paloma Partners Management Co Acquires Shares of 4,173 Perficient, Inc. (NASDAQ:PRFT)

Paloma Partners Management Co acquired a new stake in Perficient, Inc. (NASDAQ:PRFT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,173 shares of the digital transformation consultancy’s stock, valued at approximately $235,000.

Several other institutional investors also recently bought and sold shares of PRFT. Fidelis Capital Partners LLC acquired a new stake in shares of Perficient in the first quarter worth approximately $25,000. GAMMA Investing LLC acquired a new stake in shares of Perficient in the fourth quarter worth approximately $28,000. Parallel Advisors LLC boosted its stake in shares of Perficient by 73.9% in the fourth quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock worth $35,000 after acquiring an additional 224 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Perficient in the fourth quarter worth approximately $41,000. Finally, Park Place Capital Corp boosted its stake in shares of Perficient by 41.1% in the first quarter. Park Place Capital Corp now owns 1,180 shares of the digital transformation consultancy’s stock worth $66,000 after acquiring an additional 344 shares during the last quarter. 95.00% of the stock is owned by institutional investors and hedge funds.

Perficient Trading Up 0.1 %

NASDAQ:PRFT traded up $0.04 on Tuesday, reaching $75.32. The company’s stock had a trading volume of 149,545 shares, compared to its average volume of 480,991. Perficient, Inc. has a 12-month low of $42.51 and a 12-month high of $75.42. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.72. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.98 and a beta of 1.62. The stock has a 50 day moving average price of $74.52 and a 200 day moving average price of $66.39.

Perficient (NASDAQ:PRFT) last posted its earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Perficient had a return on equity of 19.50% and a net margin of 9.40%. The company had revenue of $215.30 million for the quarter, compared to the consensus estimate of $224.99 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities analysts anticipate that Perficient, Inc. will post 3.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PRFT shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Perficient in a research note on Monday, May 6th. William Blair reissued a “market perform” rating on shares of Perficient in a research note on Monday, May 6th. JPMorgan Chase & Co. lowered their price objective on Perficient from $71.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Barrington Research reissued a “market perform” rating on shares of Perficient in a research note on Tuesday, May 7th. Finally, Scotiabank boosted their price objective on Perficient from $50.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.43.

Perficient Company 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.