87,275 Shares in Perficient, Inc. (NASDAQ:PRFT) Bought by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P purchased a new stake in Perficient, Inc. (NASDAQ:PRFT) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 87,275 shares of the digital transformation consultancy’s stock, valued at approximately $6,527,000. Perficient comprises approximately 1.8% of Gardner Lewis Asset Management L P’s holdings, making the stock its 21st largest holding.

A number of other large investors have also recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC acquired a new stake in shares of Perficient in the 1st quarter valued at about $25,000. Parallel Advisors LLC grew its position in shares of Perficient by 73.9% in the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock worth $35,000 after acquiring an additional 224 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Perficient during the 4th quarter valued at approximately $41,000. GAMMA Investing LLC lifted its stake in Perficient by 156.7% during the second quarter. GAMMA Investing LLC now owns 552 shares of the digital transformation consultancy’s stock worth $41,000 after purchasing an additional 337 shares during the last quarter. Finally, CWM LLC boosted 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 purchasing an additional 233 shares during the period. 95.00% of the stock is currently owned by institutional investors.

Perficient Trading Up 0.1 %

NASDAQ:PRFT opened at $75.49 on Wednesday. Perficient, Inc. has a 1 year low of $42.51 and a 1 year high of $75.62. The business has a fifty day moving average of $75.13 and a 200-day moving average of $67.89. 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 stock has a market cap of $2.65 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.90 and a beta of 1.64.

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Perficient in a research report on Thursday, September 12th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.