Crossmark Global Holdings Inc. Acquires Shares of 2,687 Perficient, Inc. (NASDAQ:PRFT)

Crossmark Global Holdings Inc. bought a new position in shares of Perficient, Inc. (NASDAQ:PRFT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 2,687 shares of the digital transformation consultancy’s stock, valued at approximately $203,000.

A number of other large investors have also recently made changes to their positions in the stock. Glazer Capital LLC purchased a new position in Perficient in the 2nd quarter worth about $35,686,000. Alpine Associates Management Inc. bought a new stake in shares of Perficient during the second quarter valued at approximately $32,541,000. Millennium Management LLC raised its stake in shares of Perficient by 1,044.3% during the second quarter. Millennium Management LLC now owns 475,686 shares of the digital transformation consultancy’s stock valued at $35,577,000 after acquiring an additional 434,115 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Perficient in the second quarter valued at approximately $22,968,000. Finally, Pentwater Capital Management LP bought a new position in Perficient in the second quarter worth approximately $22,437,000. 95.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Perficient in a research report on Friday. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $70.00.

Perficient Stock Performance

Shares of NASDAQ:PRFT opened at $75.96 on Tuesday. The firm has a 50 day moving average of $75.82 and a 200 day moving average of $74.85. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 2.24 and a beta of 1.63. Perficient, Inc. has a 52 week low of $42.51 and a 52 week high of $76.01.

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.