Dynamic Technology Lab Private Ltd acquired a new stake in shares of Perficient, Inc. (NASDAQ:PRFT – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,925 shares of the digital transformation consultancy’s stock, valued at approximately $390,000.
A number of other hedge funds also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in shares of Perficient by 1.8% during the third quarter. Arizona State Retirement System now owns 9,919 shares of the digital transformation consultancy’s stock valued at $574,000 after purchasing an additional 175 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Perficient by 3.8% in the fourth quarter. Handelsbanken Fonder AB now owns 5,412 shares of the digital transformation consultancy’s stock worth $356,000 after buying an additional 200 shares during the last quarter. Huntington National Bank increased its stake in shares of Perficient by 10.5% in the third quarter. Huntington National Bank now owns 2,245 shares of the digital transformation consultancy’s stock worth $130,000 after buying an additional 213 shares during the last quarter. Values First Advisors Inc. increased its stake in shares of Perficient by 7.7% in the fourth quarter. Values First Advisors Inc. now owns 4,380 shares of the digital transformation consultancy’s stock worth $288,000 after buying an additional 314 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Perficient by 2.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,277 shares of the digital transformation consultancy’s stock worth $874,000 after buying an additional 326 shares during the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.
Analyst Upgrades and Downgrades
PRFT has been the subject of a number of research analyst reports. Maxim Group restated a “hold” rating and issued a $76.00 price target on shares of Perficient in a research note on Tuesday, May 7th. Alliance Global Partners restated a “neutral” rating on shares of Perficient in a research note on Tuesday, May 7th. Barrington Research restated a “market perform” rating on shares of Perficient in a research note on Tuesday, May 7th. JPMorgan Chase & Co. dropped their price target on shares of Perficient from $71.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Perficient in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.43.
Check Out Our Latest Stock Report on PRFT
Perficient Stock Up 0.1 %
Perficient stock opened at $73.81 on Friday. The company has a 50-day simple moving average of $57.72 and a 200-day simple moving average of $63.03. The firm has a market capitalization of $2.60 billion, a P/E ratio of 31.54, a P/E/G ratio of 1.86 and a beta of 1.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.18 and a current ratio of 4.18. Perficient, Inc. has a one year low of $42.51 and a one year high of $96.93.
Perficient (NASDAQ:PRFT – Get Free Report) last released its quarterly earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $215.30 million during the quarter, compared to analyst estimates of $224.99 million. Perficient had a net margin of 9.40% and a return on equity of 19.50%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 earnings per share. As a group, equities analysts expect that Perficient, Inc. will post 3.31 earnings per share for the current year.
Perficient Company Profile
(Free Report)
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.
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