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

Investment analysts at StockNews.com assumed coverage on shares of Perficient (NASDAQ:PRFT) in a research report issued on Friday. The firm set a “sell” rating on the digital transformation consultancy’s stock.

Perficient Stock Performance

Shares of Perficient stock opened at $75.50 on Friday. The stock has a market cap of $2.65 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.90 and a beta of 1.64. The firm has a fifty day moving average price of $75.18 and a 200 day moving average price of $68.19. Perficient has a 1 year low of $42.51 and a 1 year high of $75.66. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.16 and a quick ratio of 4.16.

Perficient (NASDAQ:PRFT) last released its quarterly earnings data 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). The company had revenue of $222.82 million for the quarter, compared to analysts’ expectations of $223.58 million. Perficient had a net margin of 8.48% and a return on equity of 18.39%. Equities research analysts predict that Perficient will post 3.31 earnings per share for the current year.

Institutional Investors Weigh In On Perficient

Several hedge funds have recently bought and sold shares of PRFT. Fidelis Capital Partners LLC purchased a new position in shares of Perficient during the 1st quarter valued at approximately $25,000. Parallel Advisors LLC increased its holdings in Perficient by 73.9% in the fourth quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after buying an additional 224 shares in the last quarter. GAMMA Investing LLC increased its holdings in Perficient by 156.7% in the second quarter. GAMMA Investing LLC now owns 552 shares of the digital transformation consultancy’s stock valued at $41,000 after buying an additional 337 shares in the last quarter. CWM LLC raised its position in shares of 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 period. Finally, Principal Securities Inc. purchased a new stake in shares of Perficient during the 4th quarter worth about $41,000. 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.