Lighthouse Investment Partners LLC Invests $202,000 in Perficient, Inc. (NASDAQ:PRFT)

Lighthouse Investment Partners LLC bought a new stake in shares of Perficient, Inc. (NASDAQ:PRFT) during the 2nd quarter, Holdings Channel reports. The firm bought 2,700 shares of the digital transformation consultancy’s stock, valued at approximately $202,000.

Other hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new position in shares of Perficient during the 1st quarter valued at about $25,000. Parallel Advisors LLC lifted its holdings in Perficient by 73.9% during the fourth quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after purchasing an additional 224 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Perficient by 156.7% in 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 period. CWM LLC increased its stake 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 purchasing an additional 233 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new stake in shares of Perficient during the 2nd quarter valued at $74,000. Institutional investors own 95.00% of the company’s stock.

Perficient Price Performance

PRFT stock opened at $75.48 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 company’s fifty day moving average price is $75.24 and its 200-day moving average price is $68.66. Perficient, Inc. has a one year low of $42.51 and a one year high of $75.74. The company has a market capitalization of $2.65 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.96 and a beta of 1.64.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). The company had revenue of $222.82 million during the quarter, compared to analysts’ expectations of $223.58 million. Perficient had a return on equity of 18.39% and a net margin of 8.48%. On average, equities analysts anticipate that Perficient, Inc. will post 3.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Perficient in a report on Saturday. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.43.

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.