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

StockNews.com started coverage on shares of Perficient (NASDAQ:PRFT) in a research note issued to investors on Monday morning. The brokerage issued a sell rating on the digital transformation consultancy’s stock.

PRFT has been the topic of a number of other research reports. William Blair reiterated a market perform rating on shares of Perficient in a report on Monday, May 6th. Needham & Company LLC reaffirmed a hold rating on shares of Perficient in a research note on Monday, May 6th. Maxim Group reissued a hold rating and set a $76.00 target price on shares of Perficient in a research report on Tuesday, May 7th. JPMorgan Chase & Co. cut their price target on shares of Perficient from $71.00 to $59.00 and set a neutral rating on the stock in a report on Thursday, May 2nd. Finally, Alliance Global Partners reissued a neutral rating on shares of Perficient in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, Perficient has a consensus rating of Hold and an average price target of $70.43.

Perficient Stock Performance

Shares of PRFT stock opened at $75.08 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.16 and a current ratio of 4.16. The firm has a market capitalization 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. Perficient has a one year low of $42.51 and a one year high of $75.50. The company has a 50 day moving average price of $74.88 and a 200 day moving average price of $67.03.

Hedge Funds Weigh In On Perficient

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Perficient in the fourth quarter worth $28,000. Fidelis Capital Partners LLC acquired a new position in shares of Perficient in the 1st quarter valued at about $25,000. Parallel Advisors LLC raised its stake in Perficient by 73.9% during 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 period. CWM LLC lifted its holdings in Perficient by 67.7% in the second quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock worth $43,000 after acquiring an additional 233 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in Perficient in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 95.00% of the company’s stock.

About Perficient

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.