Perficient (NASDAQ:PRFT) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Perficient (NASDAQ:PRFT) in a research note issued on Thursday. The brokerage set a “sell” rating on the digital transformation consultancy’s stock.

Perficient Stock Up 0.1 %

Shares of NASDAQ:PRFT opened at $75.50 on Thursday. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.90 and a beta of 1.64. Perficient has a fifty-two week low of $42.51 and a fifty-two week high of $75.62. The firm’s 50-day simple moving average is $75.12 and its 200-day simple moving average is $67.77. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.70.

Perficient (NASDAQ:PRFT) last released its quarterly earnings data on Thursday, August 8th. The digital transformation consultancy reported $0.79 EPS 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 return on equity of 18.39% and a net margin of 8.48%. As a group, equities research analysts predict that Perficient will post 3.31 earnings per share for the current year.

Institutional Trading of Perficient

Institutional investors have recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC purchased a new stake in Perficient during the first quarter worth about $25,000. Parallel Advisors LLC raised its position in Perficient by 73.9% during the fourth quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock worth $35,000 after acquiring an additional 224 shares during the last quarter. GAMMA Investing LLC raised its position in Perficient by 156.7% during the second quarter. GAMMA Investing LLC now owns 552 shares of the digital transformation consultancy’s stock worth $41,000 after acquiring an additional 337 shares during the last quarter. CWM LLC raised its position in Perficient by 67.7% during 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 last quarter. Finally, Principal Securities Inc. acquired a new position in Perficient during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.

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.