AQR Capital Management LLC Acquires Shares of 11,186 Perficient, Inc. (NASDAQ:PRFT)

AQR Capital Management LLC acquired a new stake in shares of Perficient, Inc. (NASDAQ:PRFT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,186 shares of the digital transformation consultancy’s stock, valued at approximately $837,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC bought a new position in Perficient during the first quarter valued at $25,000. GAMMA Investing LLC grew its holdings in Perficient by 156.7% during the second quarter. GAMMA Investing LLC now owns 552 shares of the digital transformation consultancy’s stock valued at $41,000 after purchasing an additional 337 shares during the period. CWM LLC grew its holdings in Perficient by 67.7% during the second quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock valued at $43,000 after purchasing an additional 233 shares during the period. Park Place Capital Corp grew its holdings in Perficient by 41.1% during the first quarter. Park Place Capital Corp now owns 1,180 shares of the digital transformation consultancy’s stock valued at $66,000 after purchasing an additional 344 shares during the period. Finally, Longfellow Investment Management Co. LLC bought a new position in Perficient during the second quarter valued at $74,000. 95.00% of the stock is owned by institutional investors.

Perficient Stock Performance

NASDAQ:PRFT opened at $75.96 on Friday. 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, Inc. has a 1 year low of $42.51 and a 1 year high of $76.01. The company has a market cap of $2.67 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.24 and a beta of 1.63. The stock’s fifty day moving average price is $75.38 and its two-hundred day moving average price is $69.81.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Thursday, August 8th. The digital transformation consultancy reported $0.79 earnings per share (EPS) 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 business had revenue of $222.82 million during the quarter, compared to analysts’ expectations of $223.58 million. As a group, analysts expect that Perficient, Inc. will post 2.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Perficient in a research report on Sunday, October 6th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Perficient currently has a consensus 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.