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

Perficient, Inc. (NASDAQ:PRFT) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have covered the stock in the last year is $70.43.

Separately, StockNews.com initiated coverage on shares of Perficient in a report on Friday. They set a “sell” rating on the stock.

Perficient Price Performance

Perficient stock opened at $75.50 on Friday. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $2.65 billion, a P/E ratio of 32.26, a P/E/G ratio of 1.90 and a beta of 1.64. The firm has a 50 day moving average price of $75.18 and a 200-day moving average price of $68.19. Perficient has a twelve month low of $42.51 and a twelve month high of $75.66.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings data 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 net margin of 8.48% and a return on equity of 18.39%. The firm had revenue of $222.82 million for the quarter, compared to the consensus estimate of $223.58 million. As a group, equities analysts predict that Perficient will post 3.31 EPS for the current year.

Institutional Trading of Perficient

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings 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 worth $1,929,000 after purchasing an additional 9,222 shares during the period. UniSuper Management Pty Ltd purchased a new stake in shares of Perficient in the 1st quarter valued at about $463,000. Confluence Investment Management LLC bought a new stake in shares of Perficient during the 1st quarter valued at about $2,886,000. Norden Group LLC grew its holdings in shares of 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 purchasing an additional 93,301 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Perficient by 3.8% in the fourth quarter. Schroder Investment Management Group now owns 345,875 shares of the digital transformation consultancy’s stock worth $22,765,000 after purchasing an additional 12,686 shares during 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.