Perficient, Inc. (NASDAQ:PRFT) Given Consensus Rating of “Hold” by Brokerages

Shares of Perficient, Inc. (NASDAQ:PRFT) have been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have covered the stock in the last year is $70.43.

Separately, StockNews.com began coverage on Perficient in a research note on Monday. They issued a “sell” rating on the stock.

Perficient Stock Performance

PRFT opened at $75.96 on Thursday. The business’s 50-day moving average price is $75.44 and its two-hundred day moving average price is $70.24. Perficient has a 1 year low of $42.51 and a 1 year high of $76.01. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 2.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.16 and a quick ratio of 4.16.

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

Institutional Trading of Perficient

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of Perficient by 36.8% in the first quarter. BNP Paribas Financial Markets now owns 34,266 shares of the digital transformation consultancy’s stock valued at $1,929,000 after acquiring an additional 9,222 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Perficient during the first quarter worth approximately $463,000. Confluence Investment Management LLC acquired a new position in Perficient during the first quarter worth approximately $2,886,000. Norden Group LLC increased its position in Perficient by 2,123.4% during the first quarter. Norden Group LLC now owns 97,695 shares of the digital transformation consultancy’s stock worth $5,499,000 after buying an additional 93,301 shares during the last quarter. Finally, Congress Asset Management Co. MA increased its position in Perficient by 5.3% during the first quarter. Congress Asset Management Co. MA now owns 1,401,150 shares of the digital transformation consultancy’s stock worth $78,871,000 after buying an additional 71,004 shares during the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.

Perficient Company 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.