Perficient (NASDAQ:PRFT) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Perficient (NASDAQ:PRFT) in a research note issued to investors on Friday. The firm set a “sell” rating on the digital transformation consultancy’s stock.

Perficient Price Performance

PRFT stock opened at $75.96 on Friday. The company’s 50 day moving average price is $75.80 and its 200 day moving average price is $74.05. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.24 and a beta of 1.63. Perficient has a fifty-two week low of $42.51 and a fifty-two week high of $76.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.16 and a current ratio of 4.16.

Institutional Investors Weigh In On Perficient

Several institutional investors have recently modified their holdings of PRFT. GAMMA Investing LLC raised its stake in Perficient by 156.7% in the second 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 in the last quarter. CWM LLC raised its position in shares of Perficient by 67.7% during the 2nd quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock worth $43,000 after acquiring an additional 233 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in Perficient during the second quarter worth approximately $74,000. Quest Partners LLC boosted its holdings in Perficient by 2,588.5% in the third quarter. Quest Partners LLC now owns 1,398 shares of the digital transformation consultancy’s stock valued at $106,000 after purchasing an additional 1,346 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Perficient in the first quarter valued at approximately $117,000. 95.00% of the stock is owned by hedge funds and other institutional investors.

Perficient Company 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.