Several other equities research analysts also recently issued reports on PRFT. Zacks Investment Research raised Perficient from a hold rating to a buy rating and set a $41.00 price target on the stock in a research report on Friday, October 4th. ValuEngine downgraded Perficient from a buy rating to a hold rating in a research report on Wednesday, October 2nd. National Securities assumed coverage on Perficient in a research report on Tuesday, October 22nd. They issued a buy rating and a $46.00 price target on the stock. Maxim Group reaffirmed a buy rating and issued a $50.00 price target on shares of Perficient in a research report on Friday, November 8th. Finally, Barrington Research reaffirmed a buy rating and issued a $44.00 price target on shares of Perficient in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $41.83.
Shares of NASDAQ:PRFT traded up $0.74 during midday trading on Friday, hitting $42.34. The company’s stock had a trading volume of 306,972 shares, compared to its average volume of 286,390. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 2.13 and a beta of 0.79. The stock’s 50 day simple moving average is $38.53 and its 200 day simple moving average is $35.44. Perficient has a fifty-two week low of $20.92 and a fifty-two week high of $42.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.69 and a current ratio of 2.69.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lisanti Capital Growth LLC bought a new stake in shares of Perficient in the third quarter valued at about $5,409,000. Boston Advisors LLC lifted its stake in shares of Perficient by 32.5% in the third quarter. Boston Advisors LLC now owns 45,359 shares of the digital transformation consultancy’s stock valued at $1,750,000 after buying an additional 11,134 shares during the period. Mackay Shields LLC lifted its stake in shares of Perficient by 7.8% in the third quarter. Mackay Shields LLC now owns 87,261 shares of the digital transformation consultancy’s stock valued at $3,366,000 after buying an additional 6,300 shares during the period. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Perficient in the third quarter valued at about $5,088,000. Finally, Emerald Advisers LLC bought a new stake in shares of Perficient in the third quarter valued at about $4,728,000. Institutional investors and hedge funds own 90.12% of the company’s stock.
Perficient Company Profile
Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, commerce, content management, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.
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