Perficient (NASDAQ:PRFT) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Perficient (NASDAQ:PRFT) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the digital transformation consultancy’s stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Perficient from $71.00 to $59.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Scotiabank boosted their target price on Perficient from $50.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Monday, May 6th. Barrington Research reaffirmed a “market perform” rating on shares of Perficient in a research report on Tuesday, May 7th. William Blair reissued a “market perform” rating on shares of Perficient in a research report on Monday, May 6th. Finally, Maxim Group reaffirmed a “hold” rating and set a $76.00 target price on shares of Perficient in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.43.

Perficient Stock Performance

Shares of PRFT opened at $74.98 on Tuesday. Perficient has a 52 week low of $42.51 and a 52 week high of $75.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.16 and a current ratio of 4.16. The stock has a 50 day moving average price of $74.94 and a two-hundred day moving average price of $67.19. The firm has a market capitalization of $2.64 billion, a P/E ratio of 32.04, a P/E/G ratio of 1.89 and a beta of 1.62.

Institutional Trading of Perficient

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Perficient by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 4,341,454 shares of the digital transformation consultancy’s stock valued at $244,380,000 after acquiring an additional 50,313 shares during the period. Wellington Management Group LLP lifted its holdings in Perficient by 26.2% during the 4th quarter. Wellington Management Group LLP now owns 1,945,667 shares of the digital transformation consultancy’s stock worth $128,064,000 after purchasing an additional 404,154 shares in the last quarter. Congress Asset Management Co. MA boosted its stake in Perficient by 5.3% in the 1st quarter. Congress Asset Management Co. MA now owns 1,401,150 shares of the digital transformation consultancy’s stock worth $78,871,000 after purchasing an additional 71,004 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Perficient by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 958,595 shares of the digital transformation consultancy’s stock valued at $63,097,000 after buying an additional 14,606 shares during the period. Finally, Geneva Capital Management LLC lifted its holdings in shares of Perficient by 0.3% in the fourth quarter. Geneva Capital Management LLC now owns 952,399 shares of the digital transformation consultancy’s stock worth $62,687,000 after buying an additional 2,825 shares in the last quarter. Institutional investors 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.