Parallel Advisors LLC Acquires 224 Shares of Perficient, Inc. (NASDAQ:PRFT)

Parallel Advisors LLC raised its holdings in Perficient, Inc. (NASDAQ:PRFTFree Report) by 73.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 527 shares of the digital transformation consultancy’s stock after purchasing an additional 224 shares during the quarter. Parallel Advisors LLC’s holdings in Perficient were worth $35,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in Perficient in the 4th quarter valued at $390,000. Norges Bank bought a new position in Perficient in the 4th quarter valued at $23,950,000. Great Lakes Advisors LLC bought a new position in Perficient in the 4th quarter valued at $5,978,000. First National Advisers LLC raised its position in Perficient by 73.2% in the 4th quarter. First National Advisers LLC now owns 26,225 shares of the digital transformation consultancy’s stock valued at $1,726,000 after purchasing an additional 11,082 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Perficient by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 958,595 shares of the digital transformation consultancy’s stock worth $63,097,000 after acquiring an additional 14,606 shares during the last quarter. Institutional investors own 95.00% of the company’s stock.

Perficient Price Performance

PRFT opened at $74.28 on Friday. The stock has a market cap of $2.61 billion, a P/E ratio of 31.74, a P/E/G ratio of 1.87 and a beta of 1.63. Perficient, Inc. has a 12 month low of $42.51 and a 12 month high of $96.93. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $61.10 and a 200 day simple moving average of $63.85.

Perficient (NASDAQ:PRFTGet Free Report) last issued its quarterly earnings data on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Perficient had a return on equity of 19.50% and a net margin of 9.40%. The business had revenue of $215.30 million during the quarter, compared to analyst estimates of $224.99 million. During the same period in the previous year, the firm earned $0.89 EPS. Perficient’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, research analysts expect that Perficient, Inc. will post 3.31 EPS for the current year.

Wall Street Analysts Forecast Growth

PRFT has been the subject of a number of recent research reports. Alliance Global Partners restated a “neutral” rating on shares of Perficient in a research report on Tuesday, May 7th. William Blair restated a “market perform” rating on shares of Perficient in a research report on Monday, May 6th. JPMorgan Chase & Co. dropped their target price on Perficient from $71.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Scotiabank boosted their target price on Perficient from $50.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. Finally, Guggenheim began coverage on Perficient in a research report on Tuesday, March 19th. They set a “neutral” rating and a $65.00 target price for the company. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, Perficient currently has an average rating of “Hold” and an average target price of $70.43.

Read Our Latest Analysis on PRFT

About Perficient

(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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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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