Perficient (NASDAQ:PRFT) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Perficient (NASDAQ:PRFT) in a report issued on Sunday. The brokerage issued a sell rating on the digital transformation consultancy’s stock.

Other research analysts have also recently issued research reports about the stock. Needham & Company LLC reaffirmed a hold rating on shares of Perficient in a report on Monday, May 6th. Alliance Global Partners reiterated a neutral rating on shares of Perficient in a research report on Tuesday, May 7th. Barrington Research restated a market perform rating on shares of Perficient in a research report on Tuesday, May 7th. Scotiabank increased their target price on Perficient from $50.00 to $76.00 and gave the company a sector perform rating in a research report on Monday, May 6th. Finally, William Blair reissued a market perform rating on shares of Perficient in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $70.43.

Perficient Price Performance

NASDAQ:PRFT opened at $75.05 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.16 and a quick ratio of 4.16. The company has a 50 day moving average price of $74.82 and a 200-day moving average price of $66.91. Perficient has a 1-year low of $42.51 and a 1-year high of $75.50. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 1.89 and a beta of 1.62.

Institutional Investors Weigh In On Perficient

A number of large investors have recently modified their holdings of PRFT. Vanguard Group Inc. boosted its position in Perficient by 1.2% during the first quarter. Vanguard Group Inc. now owns 4,341,454 shares of the digital transformation consultancy’s stock worth $244,380,000 after acquiring an additional 50,313 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Perficient by 26.2% in the fourth quarter. Wellington Management Group LLP now owns 1,945,667 shares of the digital transformation consultancy’s stock valued at $128,064,000 after purchasing an additional 404,154 shares during the last quarter. Congress Asset Management Co. MA increased its holdings in shares of Perficient by 5.3% in the first quarter. Congress Asset Management Co. MA now owns 1,401,150 shares of the digital transformation consultancy’s stock valued at $78,871,000 after purchasing an additional 71,004 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Perficient by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 958,595 shares of the digital transformation consultancy’s stock worth $63,097,000 after buying an additional 14,606 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its stake in Perficient by 0.3% during the fourth quarter. Geneva Capital Management LLC now owns 952,399 shares of the digital transformation consultancy’s stock worth $62,687,000 after buying an additional 2,825 shares during the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.

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.