Nisa Investment Advisors LLC Raises Stock Holdings in Perficient, Inc. (NASDAQ:PRFT)

Nisa Investment Advisors LLC lifted its holdings in shares of Perficient, Inc. (NASDAQ:PRFT) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,913 shares of the digital transformation consultancy’s stock after acquiring an additional 165 shares during the period. Nisa Investment Advisors LLC’s holdings in Perficient were worth $143,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in Perficient by 26.2% during the 4th quarter. Wellington Management Group LLP now owns 1,945,667 shares of the digital transformation consultancy’s stock worth $128,064,000 after purchasing an additional 404,154 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new position in shares of Perficient during the fourth quarter worth about $25,474,000. Norges Bank acquired a new position in Perficient in the 4th quarter valued at about $23,950,000. Norden Group LLC raised its stake in Perficient by 2,123.4% during the 1st quarter. Norden Group LLC now owns 97,695 shares of the digital transformation consultancy’s stock valued at $5,499,000 after acquiring an additional 93,301 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Perficient during the fourth quarter worth approximately $5,978,000. 95.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PRFT has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Perficient in a report on Monday, August 19th. They set a “sell” rating for the company. Scotiabank lifted their price target on Perficient from $50.00 to $76.00 and gave the company a “sector perform” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. dropped their price objective on Perficient from $71.00 to $59.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Perficient in a report on Monday, May 6th. Finally, Alliance Global Partners reaffirmed a “neutral” rating on shares of Perficient in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, Perficient currently has a consensus rating of “Hold” and an average target price of $70.43.

Perficient Stock Up 0.1 %

Perficient stock opened at $75.14 on Friday. Perficient, Inc. has a fifty-two week low of $42.51 and a fifty-two week high of $75.50. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 1.89 and a beta of 1.62. The stock’s fifty day moving average is $74.92 and its two-hundred day moving average is $67.17. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.16 and a current ratio of 4.16.

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.