Perficient (NASDAQ:PRFT) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Perficient (NASDAQ:PRFT) in a report issued on Monday. The firm set a “sell” rating on the digital transformation consultancy’s stock.

Perficient Trading Up 0.6 %

Perficient stock opened at $75.96 on Monday. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.70. Perficient has a 12 month low of $42.51 and a 12 month high of $76.01. The company’s fifty day simple moving average is $75.38 and its 200-day simple moving average is $69.92. The stock has a market cap of $2.67 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.24 and a beta of 1.63.

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

Institutional Inflows and Outflows

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