Perficient, Inc. (NASDAQ:PRFT) Director Ralph C. Derrickson Purchases 729 Shares

Perficient, Inc. (NASDAQ:PRFTGet Rating) Director Ralph C. Derrickson purchased 729 shares of the business’s stock in a transaction on Monday, November 21st. The shares were bought at an average cost of $68.66 per share, for a total transaction of $50,053.14. Following the purchase, the director now owns 39,101 shares of the company’s stock, valued at $2,684,674.66. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Perficient Stock Up 0.3 %

NASDAQ PRFT traded up $0.24 on Thursday, reaching $69.70. The company had a trading volume of 70,234 shares, compared to its average volume of 224,504. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.16 and a quick ratio of 2.16. Perficient, Inc. has a 1 year low of $59.78 and a 1 year high of $141.74. The firm has a 50-day moving average of $66.62 and a 200-day moving average of $82.40. The firm has a market capitalization of $2.41 billion, a PE ratio of 30.44, a P/E/G ratio of 1.09 and a beta of 1.53.

Analysts Set New Price Targets

A number of research firms have recently commented on PRFT. JPMorgan Chase & Co. dropped their price objective on Perficient from $109.00 to $86.00 in a report on Friday, October 14th. StockNews.com initiated coverage on Perficient in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley decreased their target price on Perficient from $100.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, October 28th. TheStreet lowered shares of Perficient from a “b-” rating to a “c+” rating in a report on Tuesday, November 8th. Finally, Jefferies Financial Group decreased their price objective on shares of Perficient from $131.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, September 14th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.63.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CVA Family Office LLC increased its stake in Perficient by 4,319.5% during the 3rd quarter. CVA Family Office LLC now owns 8,839 shares of the digital transformation consultancy’s stock worth $575,000 after buying an additional 8,639 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in Perficient during the 3rd quarter valued at approximately $2,138,000. Balyasny Asset Management LLC acquired a new stake in Perficient during the 3rd quarter valued at approximately $2,548,000. BNP Paribas Arbitrage SNC increased its holdings in Perficient by 321.1% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 40,535 shares of the digital transformation consultancy’s stock worth $2,636,000 after purchasing an additional 30,908 shares during the last quarter. Finally, Advent Capital Management DE acquired a new position in shares of Perficient in the 3rd quarter valued at approximately $146,000. 93.76% of the stock is owned by institutional investors and hedge funds.

Perficient Company Profile

(Get Rating)

Perficient, Inc provides digital consultancy services and solutions in the United States. The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, 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 portfolio.

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