Perficient, Inc. (NASDAQ:PRFT) Shares Acquired by Park Place Capital Corp

Park Place Capital Corp lifted its holdings in Perficient, Inc. (NASDAQ:PRFT) by 41.1% in the first quarter, HoldingsChannel reports. The firm owned 1,180 shares of the digital transformation consultancy’s stock after buying an additional 344 shares during the quarter. Park Place Capital Corp’s holdings in Perficient were worth $66,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Handelsbanken Fonder AB grew its holdings in Perficient by 3.8% during the 4th quarter. Handelsbanken Fonder AB now owns 5,412 shares of the digital transformation consultancy’s stock worth $356,000 after acquiring an additional 200 shares in the last quarter. Parallel Advisors LLC increased 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 buying an additional 224 shares during the period. Comerica Bank increased its stake in Perficient by 1.3% in the 4th quarter. Comerica Bank now owns 18,682 shares of the digital transformation consultancy’s stock valued at $1,230,000 after buying an additional 235 shares during the period. Covenant Partners LLC increased its stake in Perficient by 8.2% in the 4th quarter. Covenant Partners LLC now owns 3,742 shares of the digital transformation consultancy’s stock valued at $246,000 after buying an additional 283 shares during the period. Finally, Values First Advisors Inc. grew its stake in shares of Perficient by 7.7% during the 4th quarter. Values First Advisors Inc. now owns 4,380 shares of the digital transformation consultancy’s stock worth $288,000 after purchasing an additional 314 shares during the period. Institutional investors and hedge funds own 95.00% of the company’s stock.

Analyst Upgrades and Downgrades

PRFT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Perficient from $71.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Guggenheim began coverage on shares of Perficient in a report on Tuesday, March 19th. They set a “neutral” rating and a $65.00 price objective on the stock. Scotiabank increased their price objective on shares of Perficient from $50.00 to $76.00 and gave the stock a “sector perform” rating in a report on Monday, May 6th. Needham & Company LLC restated a “hold” rating on shares of Perficient in a report on Monday, May 6th. Finally, Maxim Group restated a “hold” rating and issued a $76.00 price target on shares of Perficient in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, Perficient presently has an average rating of “Hold” and a consensus target price of $70.43.

Perficient Stock Up 0.0 %

Shares of NASDAQ:PRFT opened at $74.80 on Tuesday. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $68.94 and a 200 day simple moving average of $65.05. The firm has a market cap of $2.63 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.62. Perficient, Inc. has a 12-month low of $42.51 and a 12-month high of $96.93.

Perficient (NASDAQ:PRFT) last released its earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Perficient had a net margin of 9.40% and a return on equity of 19.50%. The firm had revenue of $215.30 million during the quarter, compared to analyst estimates of $224.99 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Perficient, Inc. will post 3.16 EPS for the current fiscal year.

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.