Maxim Group restated their buy rating on shares of Perficient (NASDAQ:PRFT) in a research report report published on Friday, AnalystRatings.com reports. They currently have a $50.00 price target on the digital transformation consultancy’s stock.
Several other brokerages also recently weighed in on PRFT. BidaskClub downgraded Perficient from a strong-buy rating to a buy rating in a research report on Saturday, November 2nd. Zacks Investment Research raised Perficient from a hold rating to a buy rating and set a $41.00 target price for the company in a research report on Friday, October 4th. William Blair initiated coverage on Perficient in a research report on Monday, September 9th. They issued an outperform rating for the company. Barrington Research reaffirmed a buy rating and issued a $44.00 target price on shares of Perficient in a research report on Thursday, September 12th. Finally, National Securities initiated coverage on Perficient in a research report on Tuesday, October 22nd. They issued a buy rating and a $46.00 target price for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $41.83.
PRFT traded up $0.56 during trading on Friday, reaching $38.94. 551,900 shares of the stock were exchanged, compared to its average volume of 282,685. The business’s 50 day moving average price is $38.11 and its two-hundred day moving average price is $34.92. Perficient has a 1 year low of $20.92 and a 1 year high of $41.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.30 and a quick ratio of 2.30. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 2.26 and a beta of 0.79.
In other news, Director David S. Lundeen sold 10,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $36.09, for a total value of $360,900.00. Following the completion of the sale, the director now owns 48,857 shares of the company’s stock, valued at $1,763,249.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lisanti Capital Growth LLC purchased a new position in Perficient in the third quarter valued at about $5,409,000. Boston Advisors LLC boosted its holdings in Perficient by 32.5% in the third quarter. Boston Advisors LLC now owns 45,359 shares of the digital transformation consultancy’s stock valued at $1,750,000 after purchasing an additional 11,134 shares during the last quarter. Mackay Shields LLC boosted its holdings in Perficient by 7.8% in the third quarter. Mackay Shields LLC now owns 87,261 shares of the digital transformation consultancy’s stock valued at $3,366,000 after purchasing an additional 6,300 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Perficient in the third quarter valued at about $5,088,000. Finally, Emerald Advisers LLC purchased a new position in Perficient in the third quarter valued at about $4,728,000. 90.85% of the stock is owned by hedge funds and other institutional investors.
Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, commerce, content management, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.
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