Begins Coverage on Perficient (NASDAQ:PRFT) assumed coverage on shares of Perficient (NASDAQ:PRFTFree Report) in a research report released on Thursday morning. The firm issued a sell rating on the digital transformation consultancy’s stock.

PRFT has been the subject of a number of other research reports. Needham & Company LLC reaffirmed a hold rating on shares of Perficient in a research report on Monday, May 6th. Alliance Global Partners restated a neutral rating on shares of Perficient in a report on Tuesday, May 7th. Guggenheim initiated coverage on shares of Perficient in a report on Tuesday, March 19th. They set a neutral rating and a $65.00 price objective on the stock. Barrington Research restated a market perform rating on shares of Perficient in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Perficient from $71.00 to $59.00 and set a neutral rating on the stock in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from, the stock has an average rating of Hold and a consensus target price of $70.43.

View Our Latest Stock Report on Perficient

Perficient Trading Up 0.1 %

Shares of PRFT stock opened at $73.81 on Thursday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.86 and a beta of 1.46. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $57.72 and a 200 day moving average price of $63.03. Perficient has a twelve month low of $42.51 and a twelve month high of $96.93.

Perficient (NASDAQ:PRFTGet Free Report) last posted its quarterly earnings data on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Perficient had a net margin of 9.40% and a return on equity of 19.50%. The business had revenue of $215.30 million during the quarter, compared to analyst estimates of $224.99 million. During the same quarter in the previous year, the business posted $0.89 earnings per share. The company’s revenue was down 7.0% on a year-over-year basis. Research analysts forecast that Perficient will post 3.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perficient

Hedge funds have recently made changes to their positions in the business. Fidelis Capital Partners LLC acquired a new stake in Perficient in the 1st quarter valued at $25,000. GAMMA Investing LLC acquired a new stake in shares of Perficient in the fourth quarter valued at about $28,000. Parallel Advisors LLC raised its holdings in shares of Perficient by 73.9% during the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after buying an additional 224 shares during the period. NBC Securities Inc. acquired a new position in Perficient during the 3rd quarter worth approximately $38,000. Finally, Principal Securities Inc. purchased a new position in Perficient in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.

Perficient Company Profile

(Get 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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