Virtu Financial LLC Boosts Stake in Perficient, Inc. (NASDAQ:PRFT)

Virtu Financial LLC lifted its holdings in shares of Perficient, Inc. (NASDAQ:PRFT) by 111.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,101 shares of the digital transformation consultancy’s stock after buying an additional 6,896 shares during the period. Virtu Financial LLC’s holdings in Perficient were worth $980,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC bought a new position in Perficient during the 1st quarter valued at about $25,000. Parallel Advisors LLC boosted 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 worth $35,000 after purchasing an additional 224 shares during the last quarter. Principal Securities Inc. bought a new stake in Perficient in the 4th quarter worth approximately $41,000. GAMMA Investing LLC raised its stake in Perficient by 156.7% during the 2nd 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 during the last quarter. Finally, CWM LLC lifted its holdings in shares of Perficient by 67.7% during the 2nd quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock valued at $43,000 after buying an additional 233 shares during the period. 95.00% of the stock is currently owned by institutional investors.

Perficient Price Performance

Shares of Perficient stock opened at $75.52 on Thursday. The stock’s fifty day moving average is $75.15 and its 200 day moving average is $67.96. Perficient, Inc. has a one year low of $42.51 and a one year high of $75.62. 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 $2.66 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.90 and a beta of 1.64.

Perficient (NASDAQ:PRFT) last posted 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%. Sell-side analysts anticipate that Perficient, Inc. will post 3.31 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Perficient in a report on Thursday, September 12th. They issued a “sell” rating for the company. One research 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.com, the stock has an average rating of “Hold” and a consensus price target 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.