Perficient, Inc. (NASDAQ:PRFT) Shares Bought by Congress Asset Management Co. MA

Congress Asset Management Co. MA lifted its holdings in shares of Perficient, Inc. (NASDAQ:PRFT) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,401,150 shares of the digital transformation consultancy’s stock after buying an additional 71,004 shares during the quarter. Congress Asset Management Co. MA owned approximately 4.01% of Perficient worth $78,871,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PRFT. GAMMA Investing LLC acquired a new position in shares of Perficient during the 4th quarter worth approximately $28,000. Parallel Advisors LLC raised its stake in Perficient by 73.9% in the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after purchasing an additional 224 shares during the last quarter. Principal Securities Inc. acquired a new position in Perficient in the 4th quarter valued at $41,000. Cetera Trust Company N.A acquired a new position in Perficient in the 4th quarter valued at $161,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Perficient in the 4th quarter valued at $212,000. 95.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on PRFT. Scotiabank increased their price objective on Perficient from $50.00 to $76.00 and gave the company a “sector perform” rating in a research note on Monday, May 6th. Needham & Company LLC reissued a “hold” rating on shares of Perficient in a research note on Monday, May 6th. Maxim Group reissued a “hold” rating and issued a $76.00 price objective on shares of Perficient in a research note on Tuesday, May 7th. Barrington Research reissued a “market perform” rating on shares of Perficient in a research note on Tuesday, May 7th. Finally, Guggenheim initiated coverage on Perficient in a report on Tuesday, March 19th. They issued a “neutral” rating and a $65.00 target price for the company. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Perficient currently has an average rating of “Hold” and a consensus target price of $70.43.

Perficient Stock Up 0.1 %

Shares of NASDAQ PRFT traded up $0.06 during midday trading on Friday, hitting $74.48. 609,964 shares of the company’s stock were exchanged, compared to its average volume of 465,652. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.18 and a quick ratio of 4.18. Perficient, Inc. has a twelve month low of $42.51 and a twelve month high of $96.93. The company has a market cap of $2.62 billion, a PE ratio of 31.83, a P/E/G ratio of 1.87 and a beta of 1.63. The firm’s fifty day simple moving average is $65.42 and its 200-day simple moving average is $64.66.

Perficient (NASDAQ:PRFT) last issued its earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Perficient had a return on equity of 19.50% and a net margin of 9.40%. The business had revenue of $215.30 million for the quarter, compared to analyst estimates of $224.99 million. During the same quarter last year, the company earned $0.89 EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis. Research analysts predict that Perficient, Inc. will post 3.31 EPS for the current fiscal year.

Perficient 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.