GAMMA Investing LLC increased its holdings in Perficient, Inc. (NASDAQ:PRFT – Free Report) by 156.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 552 shares of the digital transformation consulting firm after purchasing an additional 337 shares during the quarter. GAMMA Investing LLC’s holdings in Perficient were worth $41,000, according to the most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Perficient by 36.8% in the first quarter. BNP Paribas Financial Markets now owns 34,266 shares of the digital transformation consulting firm’s stock worth $1,929,000 after buying an additional 9,222 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Perficient in the first quarter valued at about $463,000. Allspring Global Investments Holdings LLC increased its position in shares of Perficient by 10.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,360 shares of the digital transformation consulting firm’s stock worth $11,740,000 after buying an additional 16,350 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Perficient during the first quarter valued at approximately $2,886,000. Finally, Norden Group LLC increased its stake in shares of Perficient by 2,123.4% during the first quarter. Norden Group LLC now owns 97,695 shares of Digital Transformation Consulting Company’s stock valued at $5,499,000 after acquiring an additional 93,301 shares during the last quarter. 95.00% of the shares are currently owned by hedge funds and other institutional investors.

Excellent value for money

Shares of NASDAQ PRFT opened at $75.18 on Friday. The stock’s 50-day moving average is $74.77 and its 200-day moving average is $66.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.18 and a quick ratio of 4.18. Perficient, Inc. has a 1-year low of $42.51 and a 1-year high of $75.50. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 1.89 and a beta of 1.62.

Perficient (NASDAQ:PRFT – Free Report) last released its quarterly earnings results on Thursday, August 8. The digital transformation consulting firm reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.01). Perficient had a return on equity of 19.50% and a net margin of 9.40%. The company had revenue of $222.82 million during the quarter, compared to analysts’ expectations of $223.58 million. Analysts forecast that Perficient, Inc. will report earnings per share of $3.31 for the current fiscal year.

Analysts set new price targets

Several analysts have recently commented on PRFT shares. Needham & Company LLC reiterated a “hold” rating on shares of Perficient in a research report on Monday, May 6th. Barrington Research reiterated a “market perform” rating on shares of Perficient in a research note on Tuesday, May 7th. Scotiabank increased their price target on Perficient from $50.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Monday, May 6th. StockNews.com assumed coverage on Perficient in a research note on Sunday. They gave the stock a “sell” rating. Finally, Alliance Global Partners reiterated a “neutral” rating on shares of Perficient in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating and eight have given the company’s stock a hold rating. According to MarketBeat, Perficient currently has an average rating of “Hold” and an average price target of $70.43.

Check out our latest analysis on Perficient

About Perficient

(Free report)

Perficient, Inc provides digital consulting services and solutions in the United States and internationally. The company offers strategy and transformation solutions in the areas of digital strategy, technology strategy, business velocity and growth, and organizational change management, as well as data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and customized product portfolios.

More information

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