Perficient (NASDAQ:PRFT) Now Covered by Analysts at StockNews.com

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

Perficient Stock Performance

Shares of PRFT stock opened at $75.96 on Friday. The company has a 50 day moving average of $75.81 and a 200-day moving average of $74.46. 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 firm has a market cap of $2.67 billion, a P/E ratio of 32.46, a PEG ratio of 2.24 and a beta of 1.63.

Hedge Funds Weigh In On Perficient

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Perficient by 1.2% in the first quarter. Vanguard Group Inc. now owns 4,341,454 shares of the digital transformation consultancy’s stock valued at $244,380,000 after purchasing an additional 50,313 shares during the last quarter. Glazer Capital LLC raised its holdings in Perficient by 257.8% during the 3rd quarter. Glazer Capital LLC now owns 1,707,040 shares of the digital transformation consultancy’s stock valued at $128,847,000 after acquiring an additional 1,229,890 shares during the period. Geode Capital Management LLC raised its holdings in Perficient by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 817,912 shares of the digital transformation consultancy’s stock valued at $61,747,000 after acquiring an additional 4,605 shares during the period. Millennium Management LLC raised its holdings in Perficient by 1,044.3% during the 2nd quarter. Millennium Management LLC now owns 475,686 shares of the digital transformation consultancy’s stock valued at $35,577,000 after acquiring an additional 434,115 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Perficient by 45.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 447,988 shares of the digital transformation consultancy’s stock valued at $33,814,000 after acquiring an additional 140,888 shares during the period. Hedge funds and other 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.