Perficient (NASDAQ:PRFT) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Perficient (NASDAQ:PRFT) in a research report released on Tuesday morning. The firm issued a sell rating on the digital transformation consultancy’s stock.

Perficient Price Performance

NASDAQ:PRFT opened at $75.96 on Tuesday. The stock has a market capitalization of $2.67 billion, a PE ratio of 32.46, a P/E/G ratio of 2.24 and a beta of 1.63. Perficient has a 1-year low of $42.51 and a 1-year high of $76.01. The firm has a fifty day simple moving average of $75.54 and a 200 day simple moving average of $71.04. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.70.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings data on Thursday, August 8th. The digital transformation consultancy reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). The firm had revenue of $222.82 million during the quarter, compared to the consensus estimate of $223.58 million. Perficient had a net margin of 8.48% and a return on equity of 18.39%. On average, research analysts expect that Perficient will post 2.83 EPS for the current fiscal year.

Institutional Trading of Perficient

Several institutional investors and hedge funds have recently bought and sold shares of PRFT. Fidelis Capital Partners LLC acquired a new position in shares of Perficient during the 1st quarter worth approximately $25,000. GAMMA Investing LLC lifted its holdings in Perficient by 156.7% during the 2nd quarter. GAMMA Investing LLC now owns 552 shares of the digital transformation consultancy’s stock valued at $41,000 after purchasing an additional 337 shares during the last quarter. CWM LLC boosted its position in Perficient by 67.7% during the second quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock worth $43,000 after purchasing an additional 233 shares during the period. Park Place Capital Corp increased its holdings in shares of Perficient by 41.1% in the first quarter. Park Place Capital Corp now owns 1,180 shares of the digital transformation consultancy’s stock valued at $66,000 after purchasing an additional 344 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC acquired a new position in shares of Perficient in the second quarter valued at $74,000. Institutional investors own 95.00% of the company’s stock.

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.